Mind Your Farm Business (MYFB) is a 12-part audio series exploring a wide-range of farm business management topics. Featuring thought-provoking leading experts in an engaging format, MYFB is brought to you by RBC Royal Bank. You can find the full series by tapping here. How many times have you let your gut make a big…Read More
Category: Succession Planning
Mind Your Farm Business (MYFB) is a 12-part audio series exploring a wide-range of farm business management topics. Featuring thought-provoking leading experts in an engaging format, MYFB is brought to you by RBC Royal Bank. What's the plan for your farm? If that question seems far too large and long-term to answer effectively, you're exactly…Read More
RealAgriculture, the Canadian agriculture digital media leader, is launching a new audio series to assist producers in building their farm management skills. The 12-part series — Mind Your Farm Business — is sponsored by RBC Royal Bank, and new episodes will be released twice a month, beginning June 9th, 2015. Agriculture is not isolated from... Read More
Family business is a challenge for any family. Whether you are the Jones down the lane, the Millers around the bend or the McMahons of WWE fame, family business has advantages and disadvantages. Keeping the drama low in a family business environment can mean success or failure for the business long term. Since it is... Read More
Have you recently taken over the farm? Or are you about to begin the hand-over to the next generation? Or, just maybe, your New Year's resolution was to up your farm business management game. Whatever your reasons, Jacqueline Gerrard, of Backswath Management, will be presenting some top management tips at Crop Connect '15. The second... Read More
A recent survey suggested that 52% of family businesses don’t have a succession plans. Farms are family businesses — does that number sound about right to you? If so, there are thousands upon thousands of farms and farmers that are still dragging their feet on planning the long-term viability of their farm businesses. What will... Read More
In less than 20 years, there will be no farmers or ranchers under the age of 35 left in the state of Wyoming, according to a study published in the U.S. journal Rangelands last week. Researchers analyzed demographic trends among farm and ranch operators in the state from 1920 to 2007, and as you would... Read More
Is your farm in the realty business? Equity on most Canadian farms is generated in two ways — selling the proceeds from production and by owning property with increasing value. Speaking at the Agricultural Excellence Conference in Winnipeg last week, the head of Canada’s largest farmland investment company argued there are situations where farmers would... Read More
Periods of conflict between family members will make or break a family farm. That’s why it’s important to address conflict like any other risk to a farm business, says a well-known farm family coach from Boissevain, Manitoba. Elaine Froese described the three C’s for managing conflict as part of her presentation at the Ag Excellence... Read More
I suspect there are more people who'd elect for a non-necessary root canal than would like to strike up a conversation with dad about when he'll finally hand over the reins to the farm. And that's too bad, really, because the sooner the conversations about long-term farm business planning begin, the better chance there is... Read More