Understanding farmland values – by Terry Betker
The illustration, taken from the recent Farmland Values Report issued by FCC, doesn’t tell us anything we don’t know in general. Farms are getting bigger. Have been for quite some time now. The Report is interesting to say the least. Trying to put perspective to...
Risk thresholds can measure impact of declining margins – by Terry Betker
Example What does managing for financial success mean to you? Is it simply a function of more and more money? If that resonates for you, and you own farmland in Western Canada, your “success” — your wealth — will have increased substantially over the past 10 years as...
Creating control and alignment – by Terry Betker
I recently attended a conference in Manitoba. One of the speakers addressed alarming changes in crop costs and expenses over the past eight years and included a projection for 2023. While these vary from region to region the trend is similar. Costs are up and prices...
Prepare for life’s curveballs by protecting working capital – by Terry Betker
I never did learn how to hit a curveball, and in hindsight, I’m sure that had a lot to do with a decision to stop playing baseball. I took up golf but I likely should have pursued a different sport based on my current handicap. Baseball pitchers have a selection of...