Reading Time: 2 minutes What makes a farm profitable? “Recently, farm management expert Professor Eric A. DuVuyst of Oklahoma State University shared three traits common to all successful producers, drawing on observations and experience gained from working within five U.S. land grant universities,” said provincial farm management specialist Rick Dehod. “We definitely see these same three common traits in […] Read more
The three common traits of profitable farms
Know your costs for every enterprise, spend money to make money, and never run short of working capital
Run the numbers and don’t be buffaloed by basis
Your grain company likely uses unadjusted basis in U.S. dollars, but you want basis and the cash price in the same currency
Reading Time: 2 minutes Wheat basis has been a hot topic this year and a weak loonie has continued to make it an issue, says a provincial market analyst. Basis is calculated as the difference between the cash market price and the relevant futures price. Spring wheat futures, as traded on the Minneapolis Grain Exchange (MGEX), are generally used […] Read more