GFM Network News

The decline in grain prices means more farmers — like these producers at an auction in Manitoba in 2014 — are buying used instead of new. Freeing up cash flow is critically in a commodity downturn, says financial expert Kim Gerencser.

Producers need to banish bad habits as margins become slimmer

Producers need to sock away some cash as we head into a downward cycle

Reading Time: 3 minutes In the tale of the ant and the grasshopper, only the forward-thinking ant survived — and the same may be true for Canadian farmers as they head into the next downward cycle. “This next business cycle could potentially do to grain farmers like BSE did to cattle operators,” said Kim Gerencser, president of Growing Farm […] Read more

Cows and calfs.

Upswing in cattle business offers chance to reinvest in the ranch

Business specialist says now is a good time to make investments in productive assets, herd health, and yourself

Reading Time: 2 minutes Now that the cattle business seems to be on the upswing, cow-calf producers should consider investments to boost their bottom line, says an Alberta Agriculture and Rural Development farm financial specialist. “Improving working capital, and investing in productive assets, herd health, and yourself can all bring excellent returns,” said Rick Dehod. “Herd health is an […] Read more