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Tag Archives Business/Finance

You have to care for other people more than yourself,” Kevin Blair says. “You have to live that, and have high expectations for people and not hold them back.”
Guide Business, Livestock

A cattle company finding its own way

They’re risk takers who hate to lose and aren’t afraid to trust their own instincts, which is why, on the road to diversification, the Blairs have drawn their own map

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Reading Time: 7 minutes Kevin Blair has never forgotten what his grandfather told him many years ago: “When everyone else is on the highway, take the grid.” It’s a message he’s made most of his life decisions by, and in the course of it, Blair Ag has learned how to tackle many of the issues that are moving to […] Read more
Brand executives believe the 1000 Series machines can replace two tractors by combining the pulling power of a smaller articulated tractor with the convenience of a rigid-frame machine.
Machinery, Machinery Guide

Challenger tames the tiger

Two transmission outputs drive AGCO’s new 1000 Series

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Reading Time: 4 minutes At this year’s U.S. Farm Progress Show in Boone, Iowa, AGCO’s senior VP and general manager for the Americas Bob Crain was clearly enthusiastic about the new tractors he was there to introduce, particularly the 1000 Series very-high horsepower, rigid-frame models that were originally introduced under the Fendt brand last year. Now, they are also […] Read more
financial paperwork
Guide Business, Management

Financial analysis and planning

AME Management: These examples show how standardized financial statements can be a powerful source of insight into your operational management

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Reading Time: 3 minutes Past columns in this space addressed aspects of strategic planning and financial management. Experience suggests that their close connection is not always recognized by managers. The intent of this column is to show how financial ratios can affect strategic direction and help focus on plans. The Planning Model We follow Harvard strategist, Michael Porter and […] Read more
Farm adviser Larry Batte recommends a five-step process to slow down the farm transfer, making it more predictable and tax-smart.
Guide Business, Succession strategy

Plan before you retire

Whether you’re selling or if you’re transferring farm assets to the next generation, tax-smart retirement takes planning… and time

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Reading Time: 10 minutes In 2011, 48 per cent of Canada’s farmers were 55 years old or older. Five years earlier, the number had only been 41 per cent. If you draw a straight line, that means 55 per cent of farmers are now 55 or older. And it also means our median age is approaching 65! Whether that’s […] Read more
Bags Of Money On A Farm Field
Guide Business, Management

How financially healthy is your farm?

AME Management: These two examples show how standardized financial statements can be a powerful source of insight into your operational management

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Reading Time: 5 minutes Three articles in this space over the last year (see links further down) focused on the management information to be obtained from standardized farm accounting statements. This month, we illustrate it here with two farm examples, concentrating on the operating (profit and loss) statement. The organization of our operating statements is based on three principles: […] Read more
In an unusual move, AGCO president and CEO chose to introduce new Challenger tractors to stock market investors rather than at an agricultural event.
Guide Business, Machinery

Bad news for ag’s Big 3 farm equipment manufacturers

With three-quarters of machinery makers already planning lay-offs, Brexit’s damage to the EU is creating more worry

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Reading Time: 4 minutes On the eve of Britain’s June 23 vote, I was in Hungary eating supper with a group of journalists including a freelancer who is also part of a family farm operation in England. She was the one to correctly predict the “leave” victory. That farmers would vote to leave the EU was astonishing to me. […] Read more
Selling farm-direct to consumers
Guide Business, Marketing

Selling farm-direct to consumers

Small, direct-market farmers are building better business cases for their farms. But will business smarts be enough?

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Reading Time: 8 minutes Allison Fenske pulls a reluctant grey cat off her dining room table to make room for her jars of homemade pea-shoot pesto, pickled beets and spicy slices of jicama turnip. She points to the turnips. “Jonathan says he always tells people you can eat them the way you’d eat an apple, and I was like, […] Read more
Tom Button
Opinion

Editor’s Note: Beyond our understanding

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Reading Time: 2 minutes Before you click away, read Gerald Pilger’s ‘The target is glyphosate’, even if you think you don’t have time The organization that Gerald writes about is called Avaaz, named after the root that gives us the word “voice” in several European languages. Over 44 million environmentalists around the world now belong to Avaaz, and they […] Read more
“It takes a little time to build that trust,” Jochum admits. But taking control of marketing increases his control of his farm’s future.
Crops, Guide Business, Marketing

Active marketing on the farm

On these farms, marketing is no longer a matter of waiting for the right price

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Reading Time: 7 minutes No matter how closely they watch the skies, farmers can’t control the weather. Nor do they have any influence over the amount of volatility in their markets. But pricing? Well that, says Irmi Critcher, is one aspect of farming that producers can exercise some control over, and that she works hard at. “You can put […] Read more
VIDEO: Canada’s agricultural markets update for Aug. 3, 2016
Crops, Markets

VIDEO: Canada’s agricultural markets update for Aug. 3, 2016

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Reading Time: < 1 minute D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops designed to help viewers understand the forces responsible for changes in the trade. The Western Producer is a member of the Glacier FarmMedia network.

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