Diving into the details of farm labour costs can feel like you’re opening a Pandora’s box. But it’s an important Pandora’s box to open. Just like calculating things like annual fuel costs, putting firm numbers to farm labour costs help you determine your overall production costs, break even point, and profitability. And those are the keys to the financial success of your farm.
This summer we met Dylan Biggs, the owner and operator of TK Ranch, at a low-stress cattle handling workshop. Upon meeting Dylan, the opportunity to visit his ranch for a day came up and without hesitation we took it!
Cash flow management is a huge part of any farm operation. Mike Witkowicz is the Vice President Strategy and Business Development for the AG Exchange Group. In this video he talks about it is important to look at the big picture before you start to market your grain. Witkowicz spoke at the Rural Roots Canada - Rolling Hills Ag Day.
Keeping records and doing comparisons takes time and effort, and most of us prefer to be outside getting things done than being inside doing paperwork. Your time is limited so you want to be sure added paperwork has advantages and helps you focus on maintaining or improving the important things outside. Keeping detailed records and benchmarking does.
Josh Younker of Younker Cattle Company farms with his dad, his two uncles and his cousin near Irma, AB. He is a twenty-three-year-old third-generation farmer, is the current vice president of AYFR, and is loving farming!