GFM Network News


Tips on securing business financing

Understanding how a lender evaluates your application can help you be successful when applying for financing. To help with this, Alberta Agriculture and Forestry has a new fact sheet entitled Get the Loan You Need. “This information will help give business owners an edge in securing the financing they need to develop their business,” said […] Read more

Producers need to stop robbing Peter to pay Paul, says Merle Good.

Farm debt at record highs — but top lender not worried

While FCC says most farmers can handle their debt load, 
financial expert Merle Good says some are ‘robbing Peter to pay Paul’

Farm debt has hit a record high, bringing back some unpleasant memories of the 1980s debt crisis. But we’re not there yet, said farm business expert Merle Good. “In 1980, we had huge inflation and huge interest rates,” said Good, a longtime tax specialist with the provincial government who now runs a private consulting business. […] Read more


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

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