What comes to mind when you hear the term "accrual accounting?" Perhaps you flashback to filing your taxes last year when your accountant suggested switching to accrual accounting, but you're weren't sure what it meant and why it would be worth the hassle. Maybe your mind immediately goes elsewhere — what's for supper tonight? Well,... Read More
Category: Farm Management
Farm Management Canada (FMC) and the Canadian Association of Diploma in Agriculture Programs (CADAP) have launched the 2015-16 Excellence Award for Agricultural Students, designed to encourage students to improve their critical thinking, communication and leadership skills through a national competition. FMC and CADAP are collecting submissions from agricultural students across Canada and will award three... Read More
Is there an ideal exchange rate for Canada's agriculture industry? That depends, of course, on what you're selling or what you're buying, and it's rare to win on both sides of that equation. What's more, farmers have no control over currency changes, so how can farmers best prepare for managing currency risk? That's the topic... Read More
On a freezing cold late afternoon in February, 14 women gathered in a meeting room at the Ontario Ministry of Agriculture, Food and Rural Affairs office in Woodstock to talk about big-picture issues facing women in the agricultural sector. Maternity leave issues, and their impact on a career, were the focus of this meeting. They... Read More
Grains were recently taken for a ride along with the rest of the world markets, mainly thanks to tanking equity markets in Asia. They’re calling August 24, 2015 Black Monday as markets in China crashed, and when North American markets opened up, they quickly followed. The main argument for the flash decline is lack of... Read More
There are sound reasons to incorporate the farm — significant financial reasons, operation benefits and very real long-term business planning implications. But if incorporating is so beneficial, why aren't most farms carrying the Inc. behind the business name? In this episode of Mind Your Farm Business, Shaun Haney asks veteran farm management advisor Merle Good... Read More
If you hadn't heard of Ashley Madison before a couple weeks ago, it probably means you're a decent person — the match-making website's sole purpose was to connect married people looking to have an affair. The website made headlines recently after a hacking group stole then shared user account names and details for all the... Read More
The grains complex continues to deal with decent growing conditions, better than expected yields, and a tougher global markets environment. This week we saw the market volatility index spike to levels not seen since last year when Russia was invading Ukraine (translation: market participants are pulling dollars out and parking it in cash positions as... Read More
The Canadian Total Excellence in Agricultural Management (CTEAM) course offered by Agri-Food Management Excellence (AME) is open for fall registration until October 30, 2015. CTEAM is a national farm management training program for farmers and ranchers, that uses participants' own farm data to create a strategy and develop a plan specifically for their farm or... Read More
A guest column by Frayne Olson, Crops Economist at North Dakota State University A farmer recently asked a very simple but extremely relevant question at a market outlook meeting: "Will I ever see high grain prices again in my lifetime?" The farmer asking this question started his farming career in the early 1980s and remembers... Read More