Reading Time: 6 minutes Labels are a tricky business, especially in an agriculture where there is a dictionary full of words you can use to describe other farmers, or that you can use to call yourself. Are you a farmer, or a producer? Or are you a grower, or a rancher? More to the point, what do you call […] Read more
Is it time to drop the term ‘commercial farmer?’
When you call yourself a commercial farmer, consumers may hear ‘factory farm’
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
Meeting your legal obligations if your farm is incorporated
Guide Legal: When businessmen become directors
Reading Time: 4 minutes When a business transitions from a sole proprietorship or partnership to a corporation, the move requires a shift in how decisions are made. In particular, making decisions solely as a businessman (or woman, of course) is different from making decisions as a corporate director, so it is important to know how directors’ decisions will be […] Read more
How much can you pay?
First, ask yourself these six questions
Reading Time: 3 minutes “When you see that ad in the local paper for land for sale, there are six things you need to consider before you pick up the phone,” says Jacqueline Gerrard of Backswath Management. 1. Carrying cost: “Think of this as your interest or opportunity cost,” says Gerrard. “In other words, what will it actually cost […] Read more