The financial realities of farm retirement

Published on 10.17.2019 by Matt McIntosh

How much money does a Canadian farmer need to retire? According to farm finance and transition experts, it depends primarily on the intended lifestyle and a personal definition of financial security.

Getting a hard number, however, means developing a plan that aligns retirement goals with business and savings realities.

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Use ratios to analyze farm finances

Published on 10.17.2019 by Richard Kamchen

Farmers seeking to delve deeper into the business side of their operations might want to take advantage of analysis tools like financial ratios.

Expressed as percentages or as a comparison, financial ratios compare two or more elements of financial data, explains John Molenhuis, Ontario Ministry of Agriculture, Food and Rural Affairs’ business analysis cost production specialist.

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