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MANAGEMENT

Manage dairy employees, establish farm protocols, take on milk marketing, and become more confident in your farm financials.

LATEST

As a farm family coach, I hear the struggles of farmers who are used to being able to quickly repair or fix problems that arise daily. When these hardworking, well-intentioned folks have a farming adult child who is not a good fit for the farm, great stress lingers far too long.

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Bob, the dairy’s general manager (GM), came into Cliff’s office and said, “It’s bad, Cliff. This just isn’t going to work anymore. Either he goes, or I go.”

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We have all heard and said the farmer’s mantra: “Next year, we will work a little harder, and next year will be better.”

In fact, we’ve heard and said it so many times the qualities identified in that statement – hope, faith and optimism – have almost become commodities we think we can store and tap into on an unlimited basis.

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In late October, the Canadian dairy industry officially changed how it calculates requirements and quota allotted to provinces in order to be more responsive to market needs and allow forecasting beyond a one-year period, thus creating a more reliable forecast model.

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Last month, we talked about the tension that comes with great wealth transfer. Here is more information on that subject. Financial planner Anthony Williams describes a study by Investment News suggesting 66 percent of children will ultimately fire their parents’ financial adviser once they receive their inheritance. These children are called fleeing heirs.

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Where can you get unbiased insight and information on critically important and sometimes sensitive issues and opportunities?

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