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Farm Profitability: Benchmarking for better decisions
With the growing number of financial records, benchmarks by type of farm and region are calculated in the report to help farmers understand and compare their financial management performance.
BDO Financial Benchmarking FAQs
BDO's standardized financial statements and benchmarking introduce meaning, understanding, context, and foundational support to take operations to the next level.
Dairy farm financial statements: Understanding benchmarks
In addition to planning and monitoring all the moving parts of a dairy farm's operations, knowing where you stand financially equips you to make the more informed business decisions.
How to apply financial benchmarking in practice: A look at grain/oilseed and dairy farm comparisons
Farm Profitability: Benchmarking for better decisions, examines the ways in which benchmarks taken from farm financial statements can be used to assess operational and financial performance.
BDO financial benchmarking: FAQs for dairy farmers
BDO's standardized financial statements and benchmarking introduce meaning, understanding, context, and foundational support to take operations to the next level.
Apply financial benchmarking in practice: A look at three dairy farm comparisons
Our report, Farm Profitability: Benchmarking for better decisions, examines the ways which benchmarks taken from farm financial statements can be used to assess operational and financial performance.
Managing Change with Financial Benchmarking
This video introduces Marina McLean, a BDO advisor in the firm’s agricultural group. Marina specializes in financial benchmarking to help farmers set realistic short- and long-term financial goals.
Farm Profitability: A glimpse at other farm sectors
In this world of constant change, it's more important than ever for Canadian farmers to know their own farm's financial health and understand how they can react to mitigate risks.
Understanding farm financial statements
In addition to planning and monitoring all the moving parts of a farm’s operations, knowing where you stand financially equips you to make informed business decisions for your farm to flourish.
New Pathway to Permanent Residence for Foreign Workers in Agri-Food
The labour shortage in Canada’s agri-food sector continues to grow, and business owners are struggling to keep up. One way they are solving this problem is by sourcing talent from abroad. To...
Aquaculture in Atlantic Canada: A primer
Word is spreading about the aquaculture opportunity in Atlantic Canada. This emerging market continues to grow, as international companies set up aquaculture operations along the country’s...
Benchmarking for better decisions: Standardized financial statements for primary producers
We want to play an integral role in the success of our agricultural clients. Using standardized benchmarks to compare financial performance helps them make better strategic decisions....
Successfully Transitioning a Farm
There are some startling statistics regarding successful family business transitions – 30% transition successfully to the second generation and only 10% to the third generation. Although it...
Impact of canola price drop on Manitoba grain farm
Canola trade halt with China March 2019 marks the start of Chinese importers halting their purchase of Canadian canola seeds. Forty percent of Canada's canola exports go to China,...
2019 Federal Budget: Gearing up for change in agriculture
Following the recent release of the 2019 Federal Budget, our agriculture team would like to share some details that will affect the agriculture industry. We focus on five areas in...
Some Canadian farmers now exempt from fuel charges
The Greenhouse Gas Pollution Pricing Act (GHGPPA) established a federal standard for reducing carbon pollution. Effective April 2019, this pricing system will add a charge to everyday fuels...
Canada’s Agriculture Day 2019: Managing change in the agriculture industry
For Canadian agriculture, 2019 is all about managing change. Primary producers are embracing all the capabilities of technology to move towards efficiency. Like never before, they’re capturing...
How the Accelerated Investment Incentive will benefit the agriculture industry
Canadian farmers and agribusinesses should benefit from the Accelerated Investment Incentive announced in last year’s Fall Economic Statement. The incentive will allow businesses to write-off...
Let’s Change the Conversation About Succession
Statistics Canada recently released the 2016 census and much attention has focused on a new statistic – only 8.4% of respondents declared having a written succession plan. Can that be right?...
When Corporations Make Improvements to Farms Owned by Shareholders
It is not uncommon for a farm corporation to construct a new building or invest in capital improvement (i.e. land clearing and drainage) on land that is owned by the shareholders outside of the...