Reading Time: 2 minutes Farm auction sale season has begun, and a provincial farm financial specialist says a lot of retiring farmers are choosing to sell their land by public auction. “With interest rates remaining low and the majority of Alberta farms continuing to have a strong balance sheet, the demand for farmland purchase in Alberta remains robust,” said […] Read more
Three resources to read before buying land
The high cost of farmland doesn’t leave room for emotion — or miscalculation
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
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
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
Cyber-Savvy Farmer
