Farmers seeking to delve deeper into the business side of their operations might want to take advantage of analysis tools like financial ratios.
How much money does a Canadian farmer need to retire?
Farm management experts often stress the importance of communication in the creation and maintenance of a successful farm business team.
With fall colours on full display across much of the country and farmers hosting agri-tourism events paired with harvest, consumer experts say the on-farm experience helps set the stage for future loyalty and buyers – especially with the millennial and generation Z crowd.
Working with family in the farm business is not the same as working with employees you don’t share a blood bond with.
Working with a farm adviser is more than a one-on-one conversation. Multiple interests, backgrounds and expertise can combine to help move a farm forward.
One might think a drop in average farmland values would cause at least some grief for an ag realtor like Saskatchewan’s Tim Hammond.
From bankers to accountants, agronomists and veterinarians, farmers work with several advisers to ensure they keep their operation running.
Building financial strength takes follow-through with made-to-measure plans, experts state.
New opportunities are emerging for horticulture producers who are positioned to help enthusiastic millennials and new Canadians develop a green thumb and make their homes more verdant.