GFM Network News

CN strike to weigh on railway’s 2019 profit

Reuters — Canadian National Railway on Tuesday cut its adjusted profit growth target for 2019, citing shipment delays from the country’s largest rail strike in a decade that ended last week. Shares in CN, which counts billionaire Bill Gates’ investment firm as its biggest shareholder, fell almost two per cent in morning trading in both […] Read more

Maple Leaf profit misses estimates on weak pork prices

Reuters — Packaged meat producer Maple Leaf Foods missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats business. Pork prices have taken a beating from the Sino-U.S. trade war, with China’s retaliatory tariffs affecting demand from the South Asian country, which is the world’s biggest pork […] 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

Farm business experts are always saying, ‘Know your cost of production.’ But this year, ignoring that advice could quickly get you into the red.

Margins are tight — will you be able to squeeze out a profit this year?

Management specialist Dean Dyck says have a break-even budget, 
buy inputs early, and forget about machinery purchases

The weak Canadian dollar and a drop in prices are going to make it tough for crop producers to make a profit this year. Tough, but not impossible, says a provincial farm business management specialist. “You can make a profit this year,” said Dean Dyck. “I took a look at the four major crops in […] Read more

Which crop makes you the most money? There’s no way to know without doing a cost-of-production breakdown.

Drilling down into production costs

AgriProfit$ is a free program that breaks down cost of production for every enterprise on a farm

Enrolment for this year’s AgriProfit$ program is open until the middle of January. “With changes in today’s environment and economy, there seems to be renewed interest in building business plans, following cost of production and getting adequate returns for that production,” said provincial research analyst Pauline Van Biert. “The AgriProfit$ is a business analysis program […] Read more