GFM Network News


At Hebert Grain Ventures, data from field operations -- as well as from employees, financial statements and a host of other sources -- is analyzed and used to find new ways to improve efficiency.

How one farm put data analytics to work

Saskatchewan grain farm makes money by assessing data on everything from employees to soil moisture

Most people say, “If it’s not broke, don’t fix it.” But at Hebert Grain Ventures, their motto is, “If it’s not broke, you haven’t looked hard enough.” “We don’t believe that, just because we had a good year or a good yield, that’s enough,” said Evan Shout, the Saskatchewan farm’s chief financial officer. “If we […] Read more

What was the real bottom line on your farm in 2017?

Cash accounting can save you taxes, but it doesn’t give you a true picture of profitability

Was your farm profitable in 2017? Now is the time to find out by converting cash statements to accrual income and expenses statements, says a provincial farm financial specialist. “The majority of farms still report their incomes and expenses on a cash basis via their annual income tax returns with the goal of avoiding or […] Read more


The Agricultural Business Analyzer is an easy way to create the three key financial statements that measure the health of a business.

How’s business? There’s an app for that

Free online tool can tell you exactly how your farm is doing 
financially and create a financial plan for the coming year

An online tool for analyzing the performance of your farm business has been upgraded, along with some additional user assistance for the software. The Agricultural Business Analyzer is a set of Excel spreadsheets designed for a farm business. It helps producers prepare the three key financial documents: a balance sheet (that measures net worth), income/expense […] Read more

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

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 […] Read more