GFM Network News

When margins are tight, you need to know where you stand

When margins are tight, you need to know where you stand

Calculating your current ratio will tell you if you’re in good shape — or if trouble is heading your way

Reading Time: 2 minutes Commodity prices and the weather have been volatile and expenses are trending upwards because of a weaker Canadian dollar — so now is a good time to review your marketing plan. “If you aren’t paying attention to your marketing plan or don’t have one, you may find yourself with a reduced margin,” said provincial financial […] Read more

Canadian hundred dollar bills

Cash flow really is king when growing your farm

Tighter margins have upped the danger level for farms that have expanded 
or just getting started

Reading Time: 2 minutes Cash is the lifeblood of a business, but with so much emphasis on profitability, this can be easily overlooked, says Rick Dehod, farm financial specialist with Alberta Agriculture and Rural Development. “Of course, the bottom line is important, but poor cash flow management can drive a growing and/or profitable company out of business,” said Dehod. […] Read more

Avoid a cash crunch

Reading Time: < 1 minute Alberta Agriculture and Rural Development has an online cash flow analyzer. The analyzer is a spreadsheet that allocates an operation’s cash requirements throughout the year, allowing the user to create a cash flow budget, and identify those months with the largest draws. It can also be used to calculate demands on operating loan and the resulting […] Read more