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Free webinar, “Financial Efficiency and Benchmarking Profitability in 2020” Wednesday, April 8, 2020 - 8am to 9am. CDT

 

Free webinar, “Financial Efficiency and Benchmarking Profitability in 2020”
Wednesday, April 8th, 2020 - 8am to 9am. CDT
Webinar speakers: Farm financial management experts Terry Betker from Backswath Management and Colin Phillip from Granular Canada

To register: https://ca.granular.ag/webinar/backswath/

Tighter margins call for tighter farm management. Join experts from Backswath Management + Granular to get tips on how to boost financial efficiency. Analyzing and managing financial performance can be both relatively simple and complex, at the same time.

When profit margins are wide, there is usually strong cash flow. When times are good (high profit / strong cash flow), less attention is paid to the detail of managing financial efficiency. But what about when times aren’t as good (low profit / weak cash flow)?

Here’s what you can expect to learn at this webinar:

Insight into analyzing financial performance
Cost control measures that are designed to improve bottom line results
Ways to improve resilience and stay strong despite market volatility
Key KPIs to monitor in order to improve financial efficiency

See how you can put Backswath Management and Granular to work on your farm in 2020.

 

Webinar Speakers

Terry Betker, P.Ag., CAC, is President and CEO of Backswath Management Inc., a Manitoba-based company that originated in 1992. Terry has an interest and passion in providing consulting expertise to farmers, focusing primarily on strategic business and succession planning, financial analysis, and risk management. Consulting to agribusiness has been, and continues to be, part of the service suite. He is also a sessional instructor on farm management at the University of Manitoba. Terry is the Canadian representative to the International Farm Management Association. He is a founding member of Familybusiness.ag.

Collin Phillip has more than two decades of professional experience, the last ten of which have been in leadership roles within the agriculture sector. He joined Corteva in 2014 as Business Director - Eastern Canada for Pioneer, and for the past three years has been the Area Leader for Eastern Canada.

 

Backswath Management’s response to clients, employees and collaborators during COVID-19.

 

As the COVID-19 outbreak continues to evolve, it is touching us and changing our lives. I want to take a moment to reassure you that it is Backswath Management’s priority to do everything we can to carefully manage the safety and well-being of clients, employees, and collaborators.

We want you to know that we are following the advice of Health Canada and will be updating our response as more information becomes available. We have business continuity plans in place to continue to meet your needs. Although the Backswath office is currently closed, our team is now set up to work remotely to ensure the continuity of service.

Although we have restricted business travel until further notice, we will continue to hold scheduled client meetings virtually using conference calls, Microsoft Teams or WebEx. Your Backswath contact will be in touch with you to discuss the best approach to meet your needs. You also have the option to reschedule if you prefer.

We thank you for your patience and look forward to a continued collaboration. We thank you for your understanding during this global pandemic.

If you have any questions, please don't hesitate to reach out.

Regards,

Terry Betker, P.Ag., CAC, CMC

President & CEO

 

Peer Groups

 

“Joining this peer group is absolutely one of the better decisions we have made as a farm and I look forward to every meeting. The peer group has been immensely valuable to me and my farm. Any opportunity to learn about other farmer's operations has great value, but what makes the peer group so effective is that we have time to get to know each other.

We understand the context within which they operate, which offers so much more clarity on why they do what they do. You just can't get that anywhere else. It really isn't just about farm operations either; it's about HR, management, communications, budgets and, importantly, mental health (and so much more),” says Jake Leguee (Leguee Farms, Fillmore, SK).

Peer groups are defined as “a group of people, usually of similar age, background, and social status, with whom a person associates and who are likely to influence the person's beliefs and behavior”.

One of Backswath Management’s most important programs is organizing peer groups for the Canadian farming community. We see the value in bring farmers and farm families together to meet, share, learn while building relationships with other like-minded participants in an open, trusted and confidential environment of peer group meetings up to three times per year (working around the planting and harvesting seasons). We advocate the “farmers learning from farmers” process as there is great value in sharing experiences, tips, contacts, and connections from others doing similar farm business management.

Backswath Management provides administration and coordination services to the peer group as well as facilitation of the meetings. This includes planning the in-person meetings; coordinate data collection where applicable; prepare reports as required. Facilitators are provided and their role is to lead and guide the discussion and to keep the peer group on point based on the goals and objectives identified by each peer group’s Charter. They are there to engage participants, to make sure that everyone is heard and encouraged to speak up, and to keep the group focused on the agenda as determined by the members of the peer group.

For more information about Backswath Management’s Peer Group program, please contact us at 204-275-0458.

 

Coming Events

Canada's Farm Progress Show

June 16-18, 2020
Regina, SK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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