GFM Network News


Pot firm Canopy’s loss widens as spending surges

Reuters — Canadian cannabis producer Canopy Growth posted a bigger-than-expected quarterly net loss on Wednesday as it ramped up spending in the run up to the legalization of recreational use of pot in mid-October, sending its shares down nine per cent. Marijuana companies in Canada have been pouring cash into their businesses to both fend […] Read more

Monsanto surprises with adjusted profit as expenses drop

Reuters — U.S. seeds and agrochemicals company Monsanto, which agreed last month to be bought by Germany’s Bayer for US$66 billion, reported a surprise adjusted profit, helped by a drop in expenses and higher corn seed volumes. Monsanto agreed in September to a sweetened $128-per-share offer from Bayer that, if approved by regulators, would create […] Read more


Alberta sacks AFSC board over top brass’ expenses

Alberta’s government has dismissed the board of its farm financing and crop insurance agency following an internal probe into “expense and procurement practices” for senior executives. Three unnamed senior executives at Agriculture Financial Services Corp. (AFSC) have also been “relieved from active duty,” the province said in a release Monday. The province on Monday named […] Read more

Was it a good year or bad on your farm? Only accrual financial statements provide a true picture 
of income and expenses.

Know the real bottom line before heading out to seed

Finance expert says knowing your actual cost of production allows for 
better decisions on marketing and risk management

Another seeding season is within view, but do you know how you fared last year? “Unfortunately, farmers really don’t know if their farm was profitable in 2014,” said Rick Dehod, farm financial specialist with Alberta Agriculture and Rural Development. “The majority of farms still reports their incomes and expenses on a cash basis via their […] Read more