The best and the most valuable advice comes from people who have actually been in the situation that they're giving advice about. So when a topic as touchy and as potentially difficult as succession comes up, you need that "first hand experience" type of advice. Lee Markert brought that advice to producers when he spoke... Read More
Category: Farm Management
Choosing financial software for your business is a custom fit kind of operation. There are a number of things to consider when you make that choice that are uniquely tied to your business, allowing you to expand and grow without having to switch programs. Ideally, your software should be as customizable as your business. With... Read More
Of all of the aspects of a business that have to be managed, human resources can be the most challenging. The needs and the dynamics involved in managing human resources are unique to every business and have to evolve as a business grows and changes. For many farmers human resources can suck the life out... Read More
James S Peck owns and operates PX Farms Ltd. in Cambridge, England. The operation is close to 6000 acres and is comprised of a combination of contracted acres and his own family farm. The farm is extremely large for the U.K. and the growth it has seen since PX Farms was established in 2003 has... Read More
When it comes to succession planning, one of the most difficult things to do may be just getting the conversation started. No other topic can get defences up, arouse suspicions or cause divisions like the topic of succession if it's not handled correctly. Having a pure business discussion with your parents or kids easily crosses... Read More
Have you ever been to a farm meeting and there is a speaker talking about the cost of production? Do you ever feel like they are speaking no different than the teacher in Charlie Brown? Farming is business and businesses need to know their cost of production. Guessing your cost per acre is just not... Read More
Over the past couple of days, I have been reading and seeing a bunch of different articles in relation to keeping young farmers on the farm and attracting first generation farmers. My question? Why is it any different than any other entrepreneurial business. I’m sure that there are tens of thousands of people across Canada... Read More
Christie Young is the Executive Director of FarmSmart and this week she has created some stir within the Canadian Agriculture industry by saying that our industry is not prepared for the coming mass farmer retirements. What has really caused the stir is her statement that the government has some sort of responsibility to ensure we... Read More
Have you ever heard the saying, "hope is not a plan." This is a great saying that is very applicable in agriculture. It is very critical to ensure that you are creating the proper roadmap. This should include projections on production, prices and yields. This also includes plans for capital expenditures in the coming year.... Read More
Farming is a unique business. It involves every aspect of business you can imagine from shovelling to marketing. It's that diversity that can make successful farming a challenge. Many farmers may be good at one or two aspects of the buiness but not so good at the others. This can have devastating consequences if you're... Read More