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Often the benefits of having an advisor are clear. But what if you have one and it’s just not working out?
Features

6 signs it’s time to change farm advisors

Are you getting what you need from your farm advisor? When is it time to break up?

By
Reading Time: 6 minutes The right farm advisor can help a business improve efficiencies, optimize performance and grow revenue. They also provide support to overcome challenges, but despite these benefits, the number of farmers using advisors has declined from 32 per cent in 2015 to 23 per cent in 2020, according to Farm Management Canada’s Dollars and Sense Study. […] Read more
In accounting terms, accrual grain revenue equals the value of current year production plus or minus the prior year’s inventory adjustment.
Features, Management

Summer Series: Watch your grain inventory adjustment

[Make It Count] With the winter’s drop in grain prices, it’s important to track your inventory adjustment to avoid cash-flow and financing surprises

By
Reading Time: 3 minutes Canola prices, as just one example, are down approximately 25 per cent from late 2023. Wheat is down 15 per cent, meaning producer paycheques have decreased with the markets this winter. That’s not all there is to watch for, however. Given that many farms have post-harvest year-end dates, a significant amount of inventory on 2023 […] Read more
“Bring more value,” Ag Grow’s Kara Annand tells advisors.
Features, Guide Business

Are you getting the right advice for your farm?

This summer, the top job for more farmers will be to get busy evaluating the people who advise them

By
Reading Time: 7 minutes Is it time to find a new advisor? Or would walking away from your current advisors be such a serious mistake that you’d regret it for years to come? Accountants, agronomists, grain marketers and other advisors are key parts of many farm management teams. But how good are we farmers at managing those relationships and […] Read more
Summer Series: Farm opportunities
Guide Business, Management, News

Summer Series: Farm opportunities

[Make it Count] Steve Larocque builds a case for value-add at every farm size

By
Reading Time: 7 minutes We’ve all seen them, even in this magazine. They’re all the headlines about the wonderful world of value-add. How many headlines have you read? A dozen? More? They seem to be everywhere, offering glowing accounts of outside-the-box thinking and entrepreneurial success. Often, though, the concept leaves a big question in the air. Is value-add only […] Read more
“I’m not re-inventing the wheel.” – Luke Dinan.
Features, Guide Business

Your next great business idea

These five tips promise to make you even better at spotting great business ideas for your farm

By
Reading Time: 5 minutes Farmers who can identify new business opportunities have a valuable leg up in this competitive and rapidly changing world, so Country Guide reached out to innovative farmers and to innovation experts for their insights into finding that next winning idea. 1. Be Tenacious What does it take? For one, it takes attitude. Over and over […] Read more
‘Farms that are good at change are the successful ones.’
Features

Summer Series: Implementing change on farms that works

[Make it Count] Like it or not, one day your farm will have to change to succeed. But what makes a farm good at change?

By
Reading Time: 8 minutes Norm Dreger has seen a lot of farms and agribusinesses change. Like a lot of Country Guide readers, he’s seen it from the family farm, but he also saw it in his earlier role as head of business development at Syngenta and he sees it now in his current job as principal at Osborne Interim […] Read more
Unlike formal leasing arrangements with non-family entities, family farmland rental agreements may lack the clarity and specificity needed to prevent future conflicts.
Features

Summer Series: The challenge with family rental agreements

[Land] Family rental agreements are getting big attention in 2024. Just don’t rely on them as the foundation of your succession plan. They’re one piece in the puzzle

By
Reading Time: 5 minutes Family ties and farming operations have long been intertwined. Indeed, family forms the backbone of many of our agricultural traditions, and today, it is often the reason why navigating farm succession is so complex. In fact, we can say even more. In an important way, family is making succession planning even more difficult in 2024 […] Read more
According to Statistics Canada, approximately 40 percent of Canadian farmland is rented, and farmland pricing across the country has been on a steady upward trajectory.
Features

Summer Series: Choosing who gets to rent your farmland

[Land] With commercial owners purchasing more farmland, farmers need to know how to win them over

By
Reading Time: 5 minutes For Robert Andjelic, the largest farmland owner in Canada, this has become the top priority when he’s looking to decide who he will rent that ground to. It’s how he thinks those farmers treat the land they are renting. It isn’t just a nice-to-have, it’s the core of his business model, Andjelic says. “Soil is […] Read more
“We’ve seen things go up and people then think we’re on an elevator that only continues to go up, but now we’re in this margin squeeze situation.” ― Darren Bond.
Features, Guide Business

Summer Series: The dark market of farmland rentals

[Land] It’s not getting any easier to follow the market for this key farm expense

By
Reading Time: 5 minutes Somehow, how farmland rental rates get set remains one of the mysteries of the universe despite being so hotly debated in social media. Whether you’re a renter or a landlord, everyone is endlessly fishing for details about what the neighbour is charging or paying, although it’s easier to crack a bank vault than pry that […] Read more

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