Risk management Archives

Report links business management, mental health of farmers

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

By D.C. Fraser May 23, 2020

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

Learning to identify, analyze, monitor and control risk will help you achieve your business objectives.

Guide Business

Thinking about risk?

Next Steps: As Seth Godin says, it’s easier to paddle a canoe on a calm lake. Here’s a practical strategy for smoothing out the waves

By April Stewart March 19, 2020

Reading Time: 7 minutes Agriculture is not for the faint of business heart. If ever there was a job that should come with the warning “avoid if allergic to risk” in bright red letters, it’s farming with its cantankerous and cumbersome risk factors like weather, trade agreements and regulations. Risk has been part of human lives since we crawled […] Read more

General

Bibeau remains federal agriculture minister in shuffle

By D.C. Fraser November 20, 2019

Reading Time: 3 minutes Updated, Nov. 21— Quebec MP Marie-Claude Bibeau retains her role as federal minister of agriculture and agri-food in Wednesday’s cabinet shake-up for the Liberals’ minority government. Bibeau will join her colleagues — including returning Transport Minister Marc Garneau and new Labour Minister Filomena Tassi, a Hamilton MP and former minister for seniors — in having […] Read more

Crops, Markets, Reuters

U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower

By Reuters June 25, 2019

Reading Time: < 1 minute Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations in how it handled trades, the agency said Tuesday. The award, while significant in size, was reduced “because of the whistleblower’s delay in reporting” the […] Read more

Crops, Markets, Reuters

Bunge moves from regional to global operating model

By Karl Plume May 9, 2019

Reading Time: 2 minutes Chicago | Reuters — U.S. agricultural commodities trader Bunge on Wednesday overhauled its global operations and named a new chief financial officer in the latest shake-up for the 200-year-old company hard hit by a years-long grain market downturn. The moves come as Bunge reported a stronger-than-expected first-quarter profit due to higher soy crush margins in […] Read more

Guide Business, Management

Which risks should you take and which should you manage?

AME Management: Risk assessment

By Larry Martin November 2, 2018

Reading Time: 4 minutes Canadian agriculture’s business environment seems even more uncertain than usual. Markets are more volatile than historically. President Trump seems bent on causing new uncertainties in, among other areas, international trade. As this is written, it is not completely certain that Canada will remain in NAFTA, or exactly what shape that agreement will take. Meanwhile, the […] Read more

General, Markets

Consider hedging against rate hikes, farmers advised

By Terry Fries July 11, 2018

Reading Time: 2 minutes CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans […] Read more

There are risk management tools available to help farmers navigate uncertainty as well strategies for emotional well-being.

Guide Business

2018 in doubt

With the constant flow of inflammatory NAFTA headlines, it’s no wonder farmers are feeling more anxious and stressed than in years. Here’s what you can do about it

By Shannon VanRaes April 10, 2018

Reading Time: 8 minutes Hundreds of heads silently bobbed up and down as Canada’s 18th prime minister introduced the topic producers had gathered earlier this winter in Winnipeg to hear about — the renegotiation of the North American Free Trade Act. “We will need to be extremely vigilant in safeguarding access to our most vital market and in resisting […] Read more

Dairy Cattle, Livestock

Report pegs U.S. dairy support levels

By John Greig February 13, 2018

Reading Time: 2 minutes U.S. dairy farmers continue to benefit from broad agriculture supports, a study shows. Dairy Farmers of Canada has had Grey, Clark, Shih and Associates regularly study the effect of U.S. government policy on dairy farms in that country. The latest version of the project was released at the Dairy Farmers of Canada policy conference held […] Read more

Crops, Guide Business

Risk warning

Inside the campaign to get better risk management programs for Canada’s farmers

By Lisa Guenther January 3, 2018

Reading Time: 8 minutes Ask Keith Currie where the biggest risk lies, and he’ll point to the sky. “We’re seeing much more severe weather systems, whether it’s cold snaps, dry snaps, wet snaps. The weather patterns are moving differently,” says Currie, who grows hay and sweet corn near Collingwood, Ont., where he is president of the Ontario Federation of […] Read more

ICE weekly outlook: Canola’s top likely in for 2020

U.S. grains: Crop prices slide as pandemic concerns rattle markets

U.S. livestock: Lean hogs fall on declining wholesale pork prices

GFM Network News