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Tag Archives farm management

General, Markets

Report links business management, mental health of farmers

Farm women, young farmers report higher levels of stress, difficulties coping

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Reading Time: 3 minutes Ottawa — A new report from Farm Management Canada (FMC) calls for action after determining 75 per cent of Canadian farmers reported being moderately to highly stressed about unpredictable interference, workload pressure and financial pressures. But how a farmer plans his or her business — and associated risks — can help lower that statistic. The […] Read more
Wade Bleier runs three companies from his farm in Saskatchewan.
Guide Business, Management

Summer days

On more farms like Wade Bleier’s, summer can’t just be about crops and livestock anymore. Those days had vanished even before COVID-19 arrived. Now the challenge is even greater. How will they use this summer to take back control?

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Reading Time: 13 minutes All Canadians pay close attention to the calendar and clock, but no one more than the Canadian farmer, whose livelihood has always depended on the tactical use of limited hours, days and months. Now comes summer 2020, and on top of all the uncertainties of weather, pests and markets, there’s no end to the COVID-19 […] Read more
Tara Sawyer, centre, with husband Matt, right, and from left, Quin, Emmett and Cassidy.
Crops, Guide Business

At the edge

Five strategies that the new generation of farmers are embracing to take their farm businesses to the next level

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Reading Time: 6 minutes “A wise person once said to me ‘if you don’t stretch, you don’t grow.’” That’s straight from Jake Ayre, the chair of Manitoba Young Farmers who crops 1,900 acres north of Minto together with his parents Heather and Andrew, sister Caitlin and an employee. It’s become his mantra, and a mission. “Be open-minded and try […] Read more
Crops, Machinery

Cervus to expand Saskatchewan reach

Deere chain announces Nipawin shop, Farm At Hand tie-in

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Reading Time: 2 minutes Deere farm equipment dealer chain Cervus Equipment is set to expand its reach in northeastern Saskatchewan next month. Calgary-based Cervus — which operates 21 Deere dealerships in Alberta, Saskatchewan and British Columbia along with 42 other machinery dealerships in Canada, Australia and New Zealand — announced Thursday it plans to have a new dealership open […] Read more
Choosing a growth strategy that is aligned with your overall business goals is a good first step to get you started.
Guide Business

You want to grow your farm business. But how?

Next Steps: These tools are a mix of business theory and practical on-farm wisdom, which is why they’ll help you find opportunities

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Reading Time: 7 minutes In January’s column we looked at how the process of business strategy planning helps orient you on the goals map. But that still leaves a big question: How do you get there? If you’re an existing farm, this means developing a growth strategy. In 1957, Igor Ansoff, known as the father of strategic management, established […] Read more
Finding people you trust in order to build good working relationships doesn’t happen overnight, so start building your team as soon as possible.
Guide Business, Management

Want a super farm business? Build your ‘superteam’

Top tips from the frontline on creating and optimizing a business management team for your farm

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Reading Time: 6 minutes The words can be heard all across the country. “Our accountant, lawyer and bank manager are key players in decision-making on our farm,” says Luanne Lynn, who is currently past president of Canada’s Outstanding Young Farmers Program (she and husband Philip were Outstanding Young Farmers in 2005). The Lynns have a cash crop operation in […] Read more
Terry and father Harry Aberhart find their advisory team widens their management options.
Guide Business, Management

A farm advisory team that works — for you

Advisors can help take the emotion out of business decisions

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Reading Time: 8 minutes A few years ago, Harvey Aberhart came to a family farm meeting looking stressed out. Like many farmers across the country, he wanted the family to find their way to a healthy, forward-looking succession plan, but the night before the meeting, he had been kept up all through the early hours by thoughts of a […] Read more
Crops, Machinery

AGI buys ag business management software muscle

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Reading Time: 2 minutes Grain handling equipment maker Ag Growth Industries (AGI) plans to level up on its SureTrack farm management software platform with a deal for another Canadian player in the same business. Winnipeg-based AGI announced Thursday it has bought all outstanding shares in Oakville, Ont.-based Affinity Management Ltd., developer of the Compass brand of farm and agribusiness […] Read more
Even in this digital era, it's still important to build a good relationship between you and your advisor.
Guide Business, Management

Get more from your farm advisors

Boost the returns from your investment in advisors’ fees with these tactics

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Reading Time: 5 minutes Hiring business advisors and consultants is becoming a top habit on Canada’s most profitable farms, as identified in Farm Management Canada’s Dollars and Sense study. Whether it’s in accounting, law, human resources, succession planning, agronomy, livestock nutrition, communications or marketing, advisors are filling in the gaps in the farm team’s expertise. It turns out, though, […] Read more
The quality and quantity of the data collected saw clear patterns in the behaviour of the most successful farmers.
Guide Business, Guide HR

Seven strategies of successful farmers

Here’s new evidence that business skills increase farm income, no matter what size the farm

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Reading Time: 5 minutes With the harvest finally in the bin, farmers across the country are evaluating their farm management practices and they are making management decisions for the future. Business management skills are more important than ever as farmers face huge challenges, including unpredictable weather, volatile markets, labour shortages, succession, and much more. In this environment, a great […] Read more

Special Podcast Series

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending July 10, 2020.

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