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Category: Mind Your Farm Business

Mind Your Farm Business — Ep 33: When parents won’t talk about farm succession

By: RealAgriculture News Team

August 3, 2018

Photo Credit: Three Farmers

Believe it or not, the farm transition can actually be a joyful journey. But that can only happen once three things are established: Is the business...Read more »

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Mind Your Farm Business — Ep 32: Putting a value on public trust

By: RealAgriculture News Team

June 11, 2018

If we can’t manage what we can’t measure, how do we approach the very real risk of losing public trust in how food gets grown? “Public trust is...Read more »

MYFB — Ep 31: Four elements of a human resource plan

By: RealAgriculture News Team

May 1, 2018

Which questions do you ask potential new hires? Where to you find your next star farm employee? Is the employee handbook up to date? If you laughed...Read more »

MYFB — Ep. 30: When and why to incorporate the farm

By: RealAgriculture News Team

March 28, 2018

Perhaps more contentious than the buy versus rent debate is the question of when and why to incorporate the farm. The federal government proposed...Read more »

MYFB — Ep. 29: Putting together a solid farm business plan

By: Kelvin Heppner

October 6, 2017

No two farm business plans are identical. A young, aggressive producer focused on expanding likely needs a comprehensive business plan with detailed...Read more »

MYFB — Ep. 28: The senior partner’s perspective on succession

By: RealAgriculture News Team

September 13, 2017

Every farm succession plan starts and stops with the older generation. In most cases, it’s up to mom and/or dad to determine how and when the...Read more »

MYFB — Ep. 27: The younger partner’s perspective on succession

By: Kara Oosterhuis

August 10, 2017

Many times we look at farm succession from a very holistic point of view, through a lens focused on the overall process and all the people involved....Read more »

MYFB — Ep. 26: Before the funeral home

By: RealAgriculture News Team

July 17, 2017

Building a successful farm takes many years of hard work and dedication. That’s well understood. But what it takes to continue that success into...Read more »

MYFB — Ep. 25: Steering through business risk and financial risk (and what’s the difference?)

By: Kara Oosterhuis

June 17, 2017

Risk — a four letter word that drives farmers crazy. As farmers, our chances of success are greatest when we know the risks we’re exposed to and...Read more »

MYFB — Ep 24: Can break-even be your worst case scenario?

By: RealAgriculture News Team

May 3, 2017

If when you think of risk in farming you think only of uncontrollable things, like the weather and global trade, or only crop price slides, you’ve...Read more »

MYFB — Ep. 23: Four Elements of a Well-Crafted Farm Business Plan

By: RealAgriculture News Team

October 20, 2016

The finding is staggering. A recent IPSOS Reid poll found that certain farms achieve five-times higher return on assets because of one key...Read more »

MYFB — Ep 22: What’s Fair is Not Always What’s Equal

By: RealAgriculture News Team

September 28, 2016

“One day, this will all be yours.” If this is the sum total of succession planning you’ve done as a farm owner, or if, as the son or daughter,...Read more »

MYFB — Ep 21: Marrying Into the Family Farm

By: RealAgriculture News Team

August 29, 2016

Family farms involve a complex interaction between two worlds — the family and the business, and both these worlds are impacted when a new person...Read more »

MYFB — Ep 20: Attracting and Retaining Employees

By: RealAgriculture News Team

July 6, 2016

As Canadian farms continue to grow, so does the need for talented employees who can help farmers reach their business goals. But how do you find and...Read more »

MYFB — Ep 19: Taking Advantage of Trade Agreements

By: RealAgriculture News Team

June 6, 2016

We often hear of the importance of trade, with headlines updating us on international trade deals. But, that’s only the tip of the iceberg....Read more »