Business Management

Canola profit opportunities exist despite challenges

Three market analysts Errol Anderson, David Derwin and Jon Driedger provide tips on how to find those opportunities in a more challenging market.

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Know Your Grade ahead of time

If you want to know the grade of your canola going into delivery season, you can send samples to the Canadian Grain Commission’s Harvest Sample Program. As long as the sample is an accurate representation of the canola you’ll deliver, the extra knowledge could help when it comes to marketing.

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PAMI studies fan speed effect on drill function

PAMI compared seed damage and distribution for two common drills running at low, medium and high fan speeds. The study found minimal damage to canola seed, even at high fan speed. The study also found that while distribution of canola seed tended to be lowest at the outer extremes, higher fan speed reduced this variability.

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Use ‘big data’ when it provides a clear benefit

Terry Griffin from Kansas State University says farmers don’t need to rush into data collection, sharing and analysis. When the business case is strong enough, farmers will move into that space in a big way.

Business Management

7 practices to improve farm management

Farm Management Canada has identified seven practices that are common
among top farmers. One is to have a written business plan that they follow and
review annually. Only 26 per cent of farmers do this, according to an FMC survey.