Finances & Profitability
Canadian dairy producers rely on their advisers to help improve production and profitability. Formal advisory teams can help build communication and trust between advisers and improve farm outcomes.
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September WASDE report projects third-highest production for corn on record
Based on conditions as of Sept. 1, corn yields are forecast at a record-high 183.6 bushels per acre, which is 0.5 bushels higher than last month’s projection and up 6.3 bushels from last year’s final estimate of 177.3 bushels.
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Go beyond the handshake: Get farming contracts in writing
Understanding how farming contracts work can aid in protecting your business.
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Have an appreciation for depreciation
Understanding the methods of calculating depreciation can aid in making investment decisions.
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Changes to business risk management programs under Sustainable CAP
Agriculture and Agri-Food Canada's BRM programs, updated under the Sustainable Canadian Agricultural Partnership, help producers manage risks with enhanced features, simplified processes and integrated climate risk management.
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Inside Brilman Dairy: How a first-gen dairy producer’s fieldwork expertise drives revenue diversification
Photos tell the story of southern Alberta's Brilman Dairy – showcasing the farm's automation and efforts to increase non-dairy revenue.
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Three ratios to improve your dairy’s financial fitness
As we age, health principles like stability, cardio and strength are vital, just as key financial ratios like working capital, debt-to-equity and debt service are essential for assessing and improving the financial health of dairy operations.
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Lower milk output per cow offsets higher cow inventories
Cheese, butter, whey and nonfat dry milk (NDM) price forecasts for 2024 are raised from the previous month on recent price strength and an expectation of tighter milk supplies.
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The business of agriculture: Are you the CEO?
Farming demands both technical and financial skills; Canadian dairy producers excel in production but often lack financial knowledge, highlighting the need for better management training and adviser collaboration for success.
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Improve financial transparency with your farm family team
Openly discussing money in farm families is key for smooth transitions and financial literacy, through steps like leading conversations, understanding values, managing debt, analyzing spending, sharing stories and holding family meetings.
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