Business Management

Which risk management programs are right for your farm?

January 2023—What are the potential risks to your projected income, and what farm insurance programs can mitigate them? MNP’s interactive Ag Risk Management Projector (ARMP) can help farmers answer those questions by providing them insight into the costs and benefits of numerous insurance risk management programs, and how to tailor them for their specific operations. “Forecasting...

Business Management

Domination Over Inflation

November 2022—

Canada’s farmers say that unpredictability of the sector is their number one cause of stress. The good news is, there are ways to reduce this uncertainty, even when it seems like everything is outside of one’s control.

Business Management

A New Kind of Pest: Hackers and Cyberattacks

September 2022—

Farmers and agribusinesses are not immune to cyberattacks. This article describes various cyberattacks and provides tips to reduce the risk. Farms will want to look for training opportunities.

Loss of access to critical data and systems are among the primary risks facing farmers.

Business Management

A Contingency Plan For Health

March 2022—How will the farm function if one of the major players has a serious injury, illness or dies? A good answer takes some planning. Create “What if” scenarios, plan how to work through these scenarios, and share these plans with every member of the farm team. We all know that agriculture can be dangerous, but...

Business Management

Using foresight as a tool for farm success

January 2022—

The global pandemic has revealed that agriculture is an essential industry, and farmers are resilient. While we celebrate these successes, it’s also important to reflect on what we could have done differently to manage risk and maximize opportunity. Moving forward, farms that use foresight and put business practices in place to reduce uncertainty will be better positioned for continued success.