farm income Archives - Page 5 of 5

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

By Larry Martin October 21, 2016

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

Crops, Reuters

Farmers’ debt seen hitting fresh record high

By Reuters September 7, 2016

Reading Time: 2 minutes Reuters — Canadian farmers’ debt will likely reach another record high this year, while land appreciation slows and incomes flatten, but the industry is still in strong financial shape, the country’s biggest agriculture lender, Farm Credit Canada, forecast on Tuesday. FCC, the federal Crown ag lending agency, sounded a note of caution for farmers, who […] Read more

Crops

Input costs to chip away at farmers’ shrinking income

By Jade Markus February 24, 2016

Reading Time: 2 minutes CNS Canada — An anticipated downturn in farm income and higher input costs mean Canadian producers will be in a tough financial position this year, the head of the National Farmers Union (NFU) predicts. Farmers’ net cash income is expected to move lower in 2016, declining nine per cent to $13.6 billion in 2016, according […] Read more

General, Markets, Reuters

Farm incomes set to fall from record high

By Reuters February 19, 2016

Reading Time: 2 minutes Reuters — Canadian farm incomes look set to fall in 2016 after a year of record profits, but will still reach above-average levels, according to a report from the federal government. Rising receipts for crops and livestock have boosted incomes in recent years, due to greater demand in developing countries and a weak Canadian dollar, […] Read more

Dairy Cattle, Livestock

Farm kids: Don’t worry about wages

By Country Guide Staff August 27, 2015

Reading Time: 2 minutes A new study by Cornell University agricultural economists says family members who work on the family dairy farm make $22,000 less annually than comparable hired managers, but are handsomely compensated with “socioemotional” wealth. “While $22,000 seems like a large penalty, there are non-financial rewards they experience working for the family business,” Loren Tauer, professor at […] Read more

Crops, Guide Business

Six numbers in agriculture to make you stop and think

It isn’t as quiet as you might think on the home front. Yes, today’s farms seem stable, but the next evolutionary wave is gaining energy

By Maggie Van Camp June 15, 2015

Reading Time: 6 minutes The spring rush is over, so now is the time to take a moment and reflect. As you gaze across fields flush with new growth, think about how much things have evolved in the last few years. Although that lone tree out there still leans to the east, and the sun still sets in the […] Read more

Guide Business

Keeping up with the high cost of farm living

When farmers have more, they spend more. The question is, can farm families stop spending if they have less?

By Maggie Van Camp April 21, 2015

Reading Time: 7 minutes Maybe the biggest surprise is that the numbers aren’t all that surprising. Researchers at the University of Illinois have found the average amount of family living expendables skyrocketed from about $53,000 per farm in 2004 to $81,000 in 2013. After starting at $84 per acre, living costs jumped in that one decade to $121 per […] Read more

Guide Business, Management

Finance metrics you may not have thought of — diagnosing operating inefficiency

AME Management Part 2: The importance of watching and understanding trends and comparisons

By Heather Broughton, Larry Martin March 24, 2015

Reading Time: 3 minutes Our last column introduced the concept of Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and used it to define Operating Efficiency Ratio, (EBITDA/Total Revenue). With some exceptions, financially successful farms have Operating Efficiency Ratios above 35 per cent, i.e. with at least 35 cents left from every dollar of sales after paying all non-capital […] Read more

Guide Business, Management

Finance metrics you may not have thought of — operating efficiency

AME Management Part 1: Basic financial tools to help determine your operating income

By Heather Broughton, Larry Martin March 12, 2015

Reading Time: 3 minutes In good times or bad, there are some basic financial tools that allow farmers (and other managers) to gauge their operating efficiency, diagnose where they have problems, and measure the financial risk they are bearing or are about to undertake when they make a substantial investment. We find, however, that we hear very few people […] Read more

Daily Network News

Chinese pig farmers test fermented feeds as Beijing weans sector off U.S. soy

Deere settles U.S. right-to-repair lawsuit with $99 million fund, repair commitments

Klassen: Negative margins weigh on Western feeder cattle market

Tag Archives farm income