Reading Time: 7 minutes “Sometimes, progress simply isn’t possible without change,” says Ken Lewis, general manager of Lewis Farms in Spruce Grove, just west of Edmonton, Alta. Which means that ignoring opportunities to change, or actively resisting change when it arrives can actually be the paths of greatest risk. Because change will happen. In fact, like other farmers, Lewis […] Read more
Diversification the name of the game for Lewis Farms
Change Makers: From potatoes to grain to a commercial bull business, Lewis Farms has diversified to manage risk and accommodate market challenges
Bulletproof the farm
Extreme weather, volatile markets, government regulations, financial strains... The bullets are flying and they’re aimed straight at your farm. Here’s how Melvin Penner at H&M Farms is fighting back
Reading Time: 10 minutes Snow pelts the metal siding so hard it rattles, but inside the farm shop, it’s warm with work and energy. Lined up in various stages of maintenance are a truck, tractor and corn planter, while in the corner, pouring over their field maps, the three owners of H&M Farms near Altona, Man., discuss the upcoming […] Read more
Forty years of farming requires a spirit for change
It turns out that successful diversification depends on the mindset you bring to it
Reading Time: 5 minutes When Kevin Lisafeld was still a teenager, his mother, Evelyn, told him not to put all his eggs in one basket. That advice has served him well during a 40-year career as a farmer and businessman. But success doesn’t come from diversifying for the sake of diversification. Lisafeld has learned how to spot an opportunity, […] Read more
4 ways to structure farm diversification
Before rolling a new enterprise into the main farm, stop, think and talk about how this is going to fit into your operation long term
Reading Time: 8 minutes Maybe it’s something you just want to do. It might be manufacturing a new farm widget or selling birdseed, or producing heritage pork, or grazing sheep. Or maybe your son or daughter has graduated from agricultural college and they want to come home after a few years working off farm. You know there’s risk with […] Read more
The challenge of diversification
The odds that your diversification plan will succeed are just one in five. But you can stack the deck
Reading Time: 6 minutes For decades, on-farm diversification has been talked about, ruminated on, spit at and swallowed whole. We’ve seen underdogs become successes, and we’ve also seen outrageous failures, even when they had big government backing. At the same time, economies of scale have propelled non-diversified farms to unbelievable sizes, backed by the five-year bull market in grains. […] Read more
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