Category: Mind Your Farm Business

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 »

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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 »

MYFB — Ep 18: The Makings of an Innovative Farmer

By: RealAgriculture News Team

May 10, 2016

“Innovation” is a buzzword in today’s world, often associated with technology, but it’s not necessarily about gadgets, as our guest for this...Read more »

MYFB — Ep 17: Where Is Your Farm At Risk?

By: RealAgriculture News Team

April 15, 2016

When thinking about risks to your farm, what comes to mind? Weather and market risks are usually at the top of the list, but there are many other...Read more »

MYFB — Ep. 16: The Importance of Working Capital

By: RealAgriculture News Team

March 22, 2016

Working capital is the king of financial metrics, especially during the bottom of a market cycle. A farm can have large swaths of land and other...Read more »

MYFB — Ep. 15: Joint Ventures, Mergers & Farm Marriages

By: RealAgriculture News Team

March 8, 2016

In the past, farms looking to grow simply bought more land, but that’s not as easy as it used to be. Rising land prices are...Read more »