GFM Network News


This study by Farm Management Canada and the Agri-Food Management Institute surveyed 604 farmers and found those in the top quartile outperformed those in the bottom quartile by a wide margin, including having a return on assets that was 525 per cent higher and gross margin ratio that was 155 per cent higher.

Now is the second-best time to create your business plan

Business plans boost profitability but during a crisis, they also help you ‘sleep at night’

COVID-19 has a lot of farmers dusting off their risk management strategies, but if a business plan isn’t part of that, you’re likely sacrificing your bottom line — and your peace of mind. “We know that farmers are very stressed, but we also know that business planning can help,” said Heather Watson, executive director of […] Read more

Guelph to host new agri-food accelerator

The University of Guelph has created a new organization to help launch agri-food ideas and innovations. Accelerator Guelph aims to provide business training, help create networks and provide a process to innovators in agriculture and food at the university. Why does it matter? Getting research and great ideas from university researchers to the market has […] Read more


Have your financial ducks in a row before spring hits

Farm business specialist says there are four financial documents you need to prepare and share with your advisers before things get too busy

Now is the time to review operating plans, investment plans and cash requirements for the upcoming year, says an Alberta Agriculture and Rural Development specialist. “The need to develop a strong business plan has been never greater,” said Rick Dehod. “With grain prices flattening, margins have been squeezed. Being proactive allows your business to strategically […] Read more

Province offering ‘how to be a farmer’ seminar

Want to be a farmer?

AARD release – “If you’re thinking of getting into farming but aren’t sure where to start, this session is ideal for you,” said Abby Verstraete, a farm business analyst with Alberta Agriculture and Rural Development. Getting into Farming – Information Session for the Aspiring Farmer will be held in Airdrie on Oct. 30. It will provide […] Read more


Women should take measures to avoid a hard landing

Planning ahead for your business is critical for when the day a crisis hits, 
or when you want to make big changes

I do a lot of flying and still to this day find the takeoff rather exciting. After 35 years of travel there has never been an incident with takeoff — but the landings have been mixed. There were quite a few times when we could not land because of weather, and times when the pilot […] Read more