EPISODE · Dec 4, 2020 · 43 MIN
Anyone Can Buy the Equipment
from Growing the Future · host Heather Watson, Joerg Zimmermann, Dan Aberhart
Anyone can buy the same equipment you bought. Management is the part nobody can copy.Farm Management Canada joins the show to make the case that the business side of the farm, not the production side, is what separates the top performers. Their Dollars and Cents research found that the best farms outperform regardless of what they grow or how big they are, and that the difference comes down to a set of management practices any operation can adopt.What's Inside- Why the word "producer" quietly tells you where the industry puts its attention, and what gets neglected as a result- The seven practices the research identified, from ongoing skills development to making decisions off accurate financial data to actually reviewing a written business plan once a year- What a business plan covers when it is done properly: financial, strategic, operational and human resources, not just a cash flow projection- Why written goals change behaviour, and how accountability partners and peer groups keep a plan from becoming a document nobody opens- The connection FMC keeps returning to between farm business management and the things that are harder to measure: family harmony, risk and mental well-being- What personal freedom actually looks like as an outcome of good management rather than a reward for survivingFind more information about FMC here: https://fmc-gac.com/Connect with Growing the FutureWebsite: growingthefuture.caYouTube: Growing the FutureInstagram: @growingthefuturepodcastLinkedIn: Growing the FutureSubscribe to the Growing the Future Podcast wherever you listen, and register for Convergence Conference 2027 at convergence.ag. Register for the Convergence Conference at convergence.ag and stay updated by subscribing to the Growing the Future Podcast at growingthefuturepodcast.ca.
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What this episode covers
Farm Management Canada is a national organization focused on farm business management research, resources and training. In this conversation its leadership makes the case that management, not production, is the durable competitive advantage on a farm, because equipment and inputs can be matched by anyone while management practices cannot. The discussion works through the seven practices identified in FMC's Dollars and Cents study, what a complete business plan actually covers, and why written goals and peer accountability change behaviour in ways good intentions do not. It closes on the argument that better management is what buys a farm family the freedom it was chasing in the first place.
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Anyone Can Buy the Equipment
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