Farmers Edge has announced the creation of DigiAg Risk Management Inc., a subsidiary of Farmers Edge. This new unit will provide farmers across Canada with parametric insurance products, risk transfer solutions, and group benefits, the company says. DigiAg is the sole managing general agency (MGA) with access to proprietary, field-centric datasets coming directly from broadacre... Read More
Category: Farm Management
2021 has been a tough weather year. From prolonged drought and excessive heat, to the flooding witnessed in recent weeks in British Columbia — weather disasters have had a tremendous impact on Canadian farms and agriculture businesses. Erik Davies, from Barefoot Consulting, has spent his career working on disaster recovery and risk management issues. Last... Read More
A month into the job as Minister of Agriculture, Forestry, and Rural Economic Development, Nate Horner says he's catching up with producer groups in the province and working to get up to speed on the priorities for Alberta agriculture. Up first on the docket following his appointment was the Federal-Provincial-Territorial ministers meeting last month, where... Read More
Bill C-208, an act to amend the Income Tax Act, received royal assent in June of 2021. The act, which governs the rules and regulations regarding the transfer of agriculture businesses between family members, was applauded by many in the farming industry. Farm business advisors and accountants might be telling farmers and ranchers that changes... Read More
Year-end financial statements aren't just for year-end reviews — especially if they happen months after the year-end. Realistically, if you're not reviewing the books until months later, the decisions being made in the present aren't fully informed by the reality of the business situation, says Lisa Miller, partner with MNP Agriculture, based at Edmonton, Alta.... Read More
Not-for-profit associations will have the opportunity to access a piece of $8 million in federal funding over the next three years for communications initiatives. Minister of Agriculture and Agri-Food Marie-Claude Bibeau announced the AgriCommunication Initiative via webcast December 9, 2021. The initiative will support progress towards achieving Canadian's access to safe, nutritious, and culturally diverse... Read More
Farm Management Canada held its annual Agricultural Excellence Conference last month where Colleen Younie was announced as the 2021 recipient of the Wilson Loree Award. Now in its nineteenth year, the award honours individuals or groups who have made an extraordinary contribution to advancing agricultural business management practices in Canada. Since 1972, Younie has served... Read More
One challenge that many farmers face is how to pass the reins of an operation to a successor and how to get out of the way, but not go away. Dick Wittman learned plenty of valuable lessons managing a family-operated 20,000 acre crop, cattle, and timber operation in northern Idaho. He now heads Wittman Consulting,... Read More
UFCW Local 401 says its members who work at Cargill's High River beef processing plant have voted 71 per cent in favour of the most recent agreement offered by Cargill, averting a strike or lockout that was set to begin December 6. The latest offer from Cargill included retroactive pay, signing bonuses, a 21 per... Read More
Many Canadian beef cow-calf operators are not just surviving, they're thriving. That's one of the key takeaways from the first report produced by the Canadian Cow-Calf Cost of Production Network, which was established in the spring of 2021. Made up of cow-calf operations from across Canada, the network of producers is working with Canfax Research... Read More