Three Key Alignments To Improve your Farm’s Management Structure
November 12, 2013
Life on the farm can be very rewarding when the planets align and the weather over a production season is perfect; when there are production shortfalls in other parts of the world and the markets respond positively; when you`re able to price into market highs. This is a possible scenario but likely occurs once in a blue moon.
There are other alignments to keep in mind when farming; alignments that are much more within a farmer’s control. Three key alignments referred to in a new paper released today by AME are business direction, financial performance and management structure. This is nothing new as these functions have impacted on farms for decades. What is new is the importance of more proactively understanding them and monitoring their alignment as a farm business moves through its lifecycle. This is the second paper in AME’s series relating to strategic management improvement for farms and agri-business.
The author is Terry Betker, president and CEO of Backswath Management Inc., and part of AME’s team of instructors on the popular CTEAM—a program specifically for farmers and ranchers. Terry is based in Manitoba and has an interest and passion in providing consulting expertise to farmers, focusing on managing growth and inter-generational transition. He helps farmers develop and implement a business management program that aligns strategy with managerial and financial performance.
Agri-Food Management Excellence (AME) is a Canadian company that provides premiere management and leadership training for agri-food professionals. It was founded by Heather Broughton and Larry Martin who are passionate about helping people transform their business and life by focusing on what is important. They are supported by a set of well-respected instructors from academia and industry. Through expert, practical application and the development of strong relationships with peers and instructors, people who complete AME training programs genuinely aspire for more and have the confidence to achieve their goals. Courses include the well-respected CTEAM, CFAME and Price Risk Management using Futures and Options. More information is available at www.agrifoodtraining.com.
For more information, please contact:
Heather Broughton Larry Martin
Tel: 780 781 2840 Tel: 519 841 1698