Managing farm risk requires you to take a look at the factors that affect your farm but are out of your direct control. Farm profitability is directly related to how well your farm can manage these risks. The Best Management Practice for farm risk management is to assess risk annually and develop an overall risk-management plan. When thinking about risk, you need to think about what this risk cost you. For example, a 5% reduction in yield could result in a 50% reduction in ne

The Agri-Food Management Institute, Grain Farmers of Ontario and Grant Ag held a two-day “Women in Grains” workshop in New Liskeard. The workshop focused on better understanding the financials, such as cost of production, and marketing the end product from the farm. A major focus was determining cost of production on a crop-by-crop basis. While this seminar focused on the grain industry, knowing your cost of production on any type of operation is key to running a successful f