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Archive for April, 2014

GUELPH, April 29, 2014 -Ontario farmers and processors have a new tool to measure current business performance and help build an action plan for greater success. The Agricultural Management Institute’s (AMI) Business Score Card is an online business assessment tool developed for farmers and processors to help them to:

  • Identify business management strengths, weaknesses and gaps
  • Develop action plans to improve business management performance
  • Provide clear direction towards resources that can help their business

“The Business Score Card will deliver great benefits for farmers and processors,” says Ryan Koeslag, AMI executive director. “It will help them gain a greater understanding of their business strengths and weaknesses; help assess current systems, knowledge and skills; and prioritize areas for improvement.”

Participants are required to answer a short series of questions on 10 different business management focus areas. These focus areas include: strategy/leadership, customers/markets, production, suppliers, finances, information systems, people, risks, responsibilities and succession planning.

In addition, the tool prompts users to create an action plan for each business area to help them address any management gaps that have been identified. It takes about 30 minutes to complete the assessment. When completed, participants instantly receive a report detailing the assessment results,priority rankings, action plans and recommended resources based on the identified priorities and opportunities for improvement.

“We believe it can have a bottom line impact. It will help farmers and processors achieve better efficiency and profitability,” adds Koeslag. To use the Business Score Card, visit the AMI website at www.takeanewapproach.ca. The launch of the Business Score Card is part of AMI’s work to support the unique business management needs of Ontario’s farmers as well as agrifood and agriproduct processors. Human resources and business succession toolkits are also available.

For more information:
Ryan Koeslag
Agricultural Management Institute
120 Research Lane, Suite 200
Guelph, Ontario N1G 0B4
Office: 519-822-6618
Fax: 519-821-7361
ryan@takeanewapproach.ca

 

 

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Managing the Multi-Generational Family Farm Price: $29.00

The material in the book is organized in building blocks, and is best viewed in order so each section builds on the previous one. The first few sections deal with the management of the all-important ‘family component’ followed by the management of the business component and ending with the management of the succession process. Each section provides strategies that will facilitate the activities in the subsequent sections.

The book includes the “Interactive Farm Transfer Tool”, a CD designed specifically to help users prepare to transfer their farm business. This multi-media tool includes an interactive questionnaire, a list of resources and programs available for each region, testimonials from farm families, and a review of the steps involved in a transfer in order to facilitate the preparation of an action plan.

Visit Farm Management Canada’s website to order this book.

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Farm Management Canada eligible to receive over $4 million to strengthen producers’ business skills. Pierre Lemieux, Parliamentary Secretary to Agriculture Minister Gerry Ritz, announced a five-year investment of over $4 million to Farm Management Canada (FMC) to help them strengthen producers’ business skills and build farm management capacity. FMC will use the funding to enhance farm business management knowledge and skills development in Canada by delivering leading-edge resources and tools through various print and online channels and by working with industry and provinces/territories to identify and fill gaps in farm business development information and resources. This investment is made through Growing Forward 2’s (GF2) AgriCompetitiveness Program, a five-year, $114.5-million initiative, which includes a combination of government initiatives and funding for industry-led projects. Support is directed to not-for-profit organizations operating nationally in Canada whose proposed projects are national in scope and which support and complement the GF2 cost-shared adaptability and industry capacity program objectives.

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