Financial Management and Planning Archives - Page 4 of 7

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...

Striving for operational excellence, hard but worthwhile – by Terry Betker

When you think about excellence, what comes to mind? I suspect for many people, a follow-on question would be why does it matter? I think it would depend on what we’re talking about. Excellence in sports would be quite different than excellence in wood working, for...

Glass half empty or half full? It matters to farm business – by Terry Betker

Is the glass you’re looking at half full or half empty? I think farmers are inherently optimistic, even though when you talk to them, you’ll hear things aren’t going well. Weather, prices, employees and maybe family can be challenging and can dominate a farmer’s...

Solution to cash flow challenges unique to each operation – by Terry Betker

How is it that at the end of each month, the bank account is empty? That’s a question that haunts the great majority of Canadians of all ages. Of course, there can be many reasons. For individuals and families struggling with this seemingly perpetual reality, it makes...

What’s keeping you up at night? – by Scott Kemp

A few months ago, I wrote a piece for Manitoba Beef Producers’ Cattle Country publication called Managing Your Farm Through Uncertainty (May 2022). In it, I discussed that with so much uncertainty on the horizon, improving your farm management and focusing on aligning...

Farm families should talk about their accumulated wealth – by Terry Betker

I attended a high school class reunion a week ago. One of my classmates was pretty excited about recently winning $15,000 in a lottery draw and recounted how she had spent the surprise windfall. We all remembered another classmate who had won $1 million in a...