Impact Farming

Tracy caught up with Stephanie at the FCC Young Farmer Summit in Winnipeg after her presentation to a room full of eager young farmers about managing cash flow on their farm. This event was one of the many stops on their cross Canada tour, and Tracy was more than excited to interview Stephanie on her expertise…money and cash flow management.

When the economy gets tough, unfortunately, so does farm cash flow as well. Because farming is equal parts business and production. The stronger we are at both, the better the farm does.

Do yourself and your farm a favor at catch this week's episodes.

➡️ Part #1 – Cash Flow Is King - What is cash flow and why it's important?

If you farm in Canada or the United States, chances are you may already be using their insurance or have heard a lot about it. So, who are they and what do they do? Global Ag Risk Solutions is a new, private, revenue-based risk management solution backed by a major Canadian insurer, and they say their insurance does what no other insurance can do.

As part of our risk management series, Tracy is excited to chat with Dave and find out more about how their private insurance works and who it is designed for. They dive into the types of commodities covered, how it's different than regular insurance, whether or not it can be used in combination with other insurances, and much more.

In volatile times like these, our risk management strategies must be in place and secure. What are you doing to protect your farming operation? Do your farm a favor and tune into this week's episode.

What would happen to your farming operation if the worst were to happen? Not a question that most people like thinking about, especially at a time like this. This is a subject that should be taken seriously to ensure that our family and our farm are taken care of once we are gone. It's estimated that almost half of our population does not have a will, and the half that does, many of their wills are incredibly outdated.

In this episode, Caroline shares what a will is, why you need it, and she reviews a few of the other essential legal documents that go hand in hand with your will. What happens if you pass away without a will?

Join Tracy and Caroline as they explore the financial consequences, personal consequences, and they chat in-depth about the big question, "Why does everyone avoid it?"

If you do not have a will yet, or you cannot recall the last time you looked at yours, this week's episode might be the poignant reminder to make sure that your legal affairs are in order. We cherish our family and our farm legacy, so what could be more fulfilling than making sure that both are taken care of if something were to happen to us?

Do yourself, your family, and your farm a favor and check out this week's episode!

Join Tracy and Dave in this three-part interview as they take a look at the current farming economy and discuss why now, more than ever, farmers need to be marketing their grain as the key strategy to unlocking higher profits on their farming operation. They discuss the obstacles that farmers often face when it comes to marketing their grain, and why these common behaviors tend to cause farmers to freeze up and miss securing higher prices for their grain. Dave gives actionable advice on how farmers can overcome the fears that are associated with grain marketing. It is these same fears that hold farmers back and cause missed revenue opportunities. They round the interview off with a lively discussion about the power of an advisor, and how even the best at their craft use a coach to train, mentor and improve their performance. Dave asks a million-dollar question to get farmers thinking: "What if Tiger Woods didn't have a coach?" Where would he be? Are you interested in unlocking higher profits on your farm? If so, you won't want to miss this lively discussion between Tracy and Dave.

Part #3 – The Power of an Advisor Learning the basics of grain marketing takes time and energy. Cargill answered this need with MarketSense, a customizable program dedicated to helping farmers succeed at grain marketing. Hear Dave share more about why Cargill launched the program and the mission it aims to serve. They review some of the most common marketing terms. Dave wraps this segment up with some poignant words of wisdom for farmers with respect to marketing their grain. Don't miss this sage advice. With all the variables that we cannot control, which seems like almost everything these days, learning how to market your grain is truly the key to unlocking higher profits for what you already grow. Dave is one of the best at what he does, and we are so happy that he joined us on "The Impact Farming Show." Thank you, Dave!

Join Tracy and Dave in this three-part interview as they take a look at the current farming economy and discuss why now, more than ever, farmers need to be marketing their grain as the key strategy to unlocking higher profits on their farming operation. They discuss the obstacles that farmers often face when it comes to marketing their grain, and why these common behaviors tend to cause farmers to freeze up and miss securing higher prices for their grain. Dave gives actionable advice on how farmers can overcome the fears that are associated with grain marketing. It is these same fears that hold farmers back and cause missed revenue opportunities.

They round the interview off with a lively discussion about the power of an advisor, and how even the best at their craft use a coach to train, mentor and improve their performance. Dave asks a million-dollar question to get farmers thinking: "What if Tiger Woods didn't have a coach?" Where would he be? Are you interested in unlocking higher profits on your farm? If so, you won't want to miss this lively discussion between Tracy and Dave.

Part #2 – Overcoming Fear to Make Better Decisions How are you marketing grain on your farming operation? Tracy and Dave review how the majority of farmers are currently selling their grain. Tracy asks, are they proactively selling or just picking up the phone the day they need to sell grain in order to free up bin space or to generate revenue to pay upcoming bills? His answer may or may not surprise you. With increasingly narrowing margins, learning how to market your grain should no longer be an optional activity on your farm. The growers with the sharpest pencils, and highest crop revenues, all have a strong grain marketing plan in place at all times. They discuss some of the physical and mental hurdles that farmers deal with when it comes to making the decision to proactively market their grain.

Join Tracy and Dave in this three-part interview as they take a look at the current farming economy and discuss why now, more than ever, farmers need to be marketing their grain as the key strategy to unlocking higher profits on their farming operation. They discuss the obstacles that farmers often face when it comes to marketing their grain, and why these common behaviors tend to cause farmers to freeze up and miss securing higher prices for their grain. Dave gives actionable advice on how farmers can overcome the fears that are associated with grain marketing. It is these same fears that hold farmers back and cause missed revenue opportunities. They round the interview off with a lively discussion about the power of an advisor, and how even the best at their craft use a coach to train, mentor and improve their performance. Dave asks a million-dollar question to get farmers thinking: "What if Tiger Woods didn't have a coach?" Where would he be? Are you interested in unlocking higher profits on your farm? If so, you won't want to miss this lively discussion between Tracy and Dave.

Part #1 – Grain Marketing in Uncertain Times Dave walks us through what is happening in the world and how these variables are wreaking havoc on the markets. They chat about each of the main commodities — canola, barley, wheat, corn, and soybeans — and Dave shares his thoughts on where we are at and why. Tracy asks Dave to put his wizard cap on and share what's in store for farmers in 2020 and 2021. His answer is the exact reason why farmers need to create a grain marketing plan. With all the variables that we cannot control, which seems like almost everything these days, learning how to market your grain is truly the key to unlocking higher profits for what you already grow. Dave is one of the best at what he does, and we are so happy that he joined us on "The Impact Farming Show." Thank you, Dave!

In this three-part episode, we begin with an outlook of today's farming economy. In the second part, Tracy and Peter explore each of the tools available and complete the segment with a discussion on how the tools can complement each other. In the third and final part, they explore the question 'What's Right for My Farming Operation?" They discuss the adoption rate of the most common programs, why farmers might not use these tools, being over-insured/underinsured, and Peter provides some final considerations to help you determine how much coverage is correct for your farming operation.

Now more than ever, farming is definitely a risky business, and we owe it to ourselves, our farm, and our future farming generations to do the best job of protecting our farm and farm assets. Do yourself a favor a tune into this episode.

If you enjoy this episode, make sure to stay tuned for additional March and April episodes of The Impact Farming Show, where we will dive into each one of these tools with a dedicated episode and program expert.

In this three-part episode, we begin with an outlook of today's farming economy. In the second part, Tracy and Peter explore each of the tools available and complete the segment with a discussion on how the tools can complement each other. In the third and final part, they explore the question 'What's Right for My Farming Operation?" They discuss the adoption rate of the most common programs, why farmers might not use these tools, being over-insured/underinsured, and Peter provides some final considerations to help you determine how much coverage is correct for your farming operation.

Now more than ever, farming is definitely a risky business, and we owe it to ourselves, our farm, and our future farming generations to do the best job of protecting our farm and farm assets. Do yourself a favor a tune into this episode.

If you enjoy this episode, make sure to stay tuned for additional March and April episodes of The Impact Farming Show, where we will dive into each one of these tools with a dedicated episode and program expert.

In this three-part episode, we begin with an outlook of today's farming economy. In the second part, Tracy and Peter explore each of the tools available and complete the segment with a discussion on how the tools can complement each other. In the third and final part, they explore the question 'What's Right for My Farming Operation?" They discuss the adoption rate of the most common programs, why farmers might not use these tools, being over-insured/underinsured, and Peter provides some final considerations to help you determine how much coverage is correct for your farming operation.

Now more than ever, farming is definitely a risky business, and we owe it to ourselves, our farm, and our future farming generations to do the best job of protecting our farm and farm assets. Do yourself a favor a tune into this episode.

If you enjoy this episode, make sure to stay tuned for additional March and April episodes of The Impact Farming Show, where we will dive into each one of these tools with a dedicated episode and program expert.

As a leadership expert and coach for farmers, Kelly helps farmers develop themselves so that they can better manage and grow their farming operations. We start with leadership development and why it's so essential for today's farmer. We quickly dive into whether or not the next generation is even ready to take over the farming operation. Some of the questions asked are:

• Are we doing a better job now of mentoring the incoming generation sooner on the business, finances, and decision-making activities on the farm? Not the production side of farming, the business side.
• What are some of the biggest mistakes that we see farmers making when it comes to mentoring the next generation?
• What are some actionable ideas that we can start to implement right away on our farm to mentor the next generation better?

If you have multiple generations on your farm, and a transition in the future, you will not want to miss this episode.