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Better Farming Ontario Featured Articles

Better Farming Ontario magazine is published 11 times per year. After each edition is published, we share featured articles online.


Farm business planning increases growth

Tuesday, May 3, 2011

by BETTER FARMING STAFF

Farmers actively engaged in business management planning practices are seeing increased growth while farmers who do not plan have lower or declining incomes, according to a new study by Ipsos Reid.

The study was recently previewed at a  meeting of the Agricultural Management Institute (AMI) which surveyed Ontario farmers on their farm business management practices and attitudes. The study included six focus groups and 20 in-depth interviews with farmers as well as telephone interviews with 500 farmers of various farm types across the province.
 
"This survey shows that there is a connection between farm business management planning and farm business growth," says Gerald Renkema,the newly elected Chair of the AMI. BF
 

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