Reading Time: 5 minutes Hammered by dry weather and trade upheaval, many Alberta producers are struggling with cash flow. And more will be in the months ahead. But there is help out there. “It’s important for producers to know that there are more options out there than they may realize,” said Don Anderson, Farm Credit Canada’s senior vice-president of […] Read more
Struggling with cash flow? Take a second look at these farm lending programs
Giving yourself some financial breathing room can make your operation stronger — and reduce your stress
Maximums for loan guarantee program doubled
Feeder association members can get up to $2 million from loan guarantee program to finance calf crop
Reading Time: < 1 minute The maximum loan limit for the provincial Feeder Association Loan Guarantee Program has been doubled to $2 million. The increase, which applies to both individual and joint membership loan limits, will allow feeder associations to distribute their fixed costs across a greater number of livestock and provide increased access to capital. The provincial government is […] Read more
Brazil meat company Minerva plans IPO by Chilean unit
Sao Paulo | Reuters – Brazilian meat company Minerva SA plans an initial public offering in Santiago of its units outside Brazil as a way to reduce its debt, according to a securities filing on Tuesday. After a capital increase at its Chilean subsidiary Athena Food, Minerva said it will gather its operations in Paraguay, Uruguay […] Read more
Seven summer financial bottlenecks
In biz-speak, a bottleneck is a point of congestion that causes delays or inefficiencies, leading to higher costs. It’s a perfect metaphor for farm finances at a time of year when the bottle we’d rather be thinking about might have something cold in it, with us sitting on a dock. Yet summer is a too-good-to-miss[...]
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When it comes to cash flow, ignorance is dangerous
Tighter margins make it that much easier to find yourself caught short when bills come due
Reading Time: 2 minutes The new year is a good time to review your marketing plans and cash flow projections, says a provincial farm financial specialist. “Cash is the lifeblood of a business, but with so much emphasis usually put on profitability, it can be easy to overlook this fact,” said Rick Dehod. “Poor cash flow management can drive[...]
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That work you hate pays very well
If you’re still running the farm on a cash basis, you’re tying one hand behind your back
Reading Time: 2 minutes Nearly three decades ago, a study of farmers’ work priorities found — to no one’s surprise — that record-keeping ranked well behind field work; buying and selling machinery and crops; and equipment repair. Only 16 per cent hired outside help for record-keeping, 50 per cent did it themselves and 20 per cent named their spouse[...]
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The cost of living may be a lot more than you think
Cash flow is king in any business, and farmers need to factor in family living costs when preparing their business plans
Reading Time: 2 minutes Now that the 2015 crop is off, it is important to review cash flow projections and marketing plans. That process involves budgeting for family living expenses — a number that may shock you. “In the last five years, family living costs have increased substantially due to inflation and good farm margins,” said Rick Dehod, a[...]
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