Modern agriculture is no longer only about production; it can be about managing a multi-million-dollar enterprise. And as the complexity of farming deepens, thinking like a CEO becomes ever-more important. It means approaching the farm as a business, equipped with important tools like a long-term vision, and strategic and risk management plans. With a CEO mindset emphasizing […]
Safety protocols for technology on the farm deserve the same amount of attention as the safety protocols you have in place for operating farm machinery. Information in this technology footprint is vast and growing. Private details, such as banking and financial information and employees’ personal details, are examples of digital farm data that are crucial to […]
As you get ready for the busy growing season, catch up and stay inspired by exploring an on-demand event library. You won’t want to miss the new Young Farmer Summit virtual series, now available to watch: FCC Young Farmer Virtual Summit Part 1: Navigate farm transition Part 1 of the Young Farmer Summit as we […]
Supply and demand dynamics are ever-present and changing, but you can use them to achieve higher profits. The foundation of earning profit through supply and demand is to make the right decisions about what to grow and when to sell it. Justin Shepherd, an FCC Senior Economist, says farmers usually choose what to grow based on […]
Planning isn’t just paperwork. It’s how you take control of your future. Avoiding common pitfalls now can give you the momentum and confidence to thrive in your first decade and beyond. These four moves can help you crush your first decade and stay on track. Avoid flying blind – build a plan If you don’t […]
Financial planning professionals spend years acquiring the experience and skills to do their jobs effectively. This is a level of training most people don’t have — but that doesn’t mean financial literacy is unattainable. For Lance Stockbrugger, Saskatchewan farmer and veteran chartered accountant, taking steps to better understand what the numbers are telling you is […]
The following fictional case study was created by BDO. Brian and Louise knew from an early age that their children, Isaac and Emma, aspired to be the seventh generation of their family to farm. They also knew the existing operation was not large enough to support three families if both children chose to farm full time. […]
As farms grow and rural lifestyles continue to change, maintaining a sense of community is an integral part of supporting your mental health. The importance of connection Humans are wired for connection, and farm operators are no exception. Bonnie Taylor, a registered social worker and psychotherapist based in Kitchener, Ont., says humans are wired for connection, […]
Over the past six months, grain and oilseed producers have faced a mix of challenges and opportunities. Global supply chain news, shifting U.S. trade policies, and unpredictable weather all played a role. Yet, prices have generally been stronger than expected. Since January’s outlook, crop margins have improved, although for many producers they remain close to […]
The following fictional case study was created by BDO. Brian and Louise knew from an early age that their children, Isaac and Emma, aspired to be the seventh generation of their family to farm. They also knew the existing operation was not large enough to support three families if both children chose to farm full time. […]
