Whether you’re pursuing a new opportunity or responding to a crisis, financial resilience provides a healthy foundation for thriving amid uncertainty. With a solid vision and goals, a clear view of your organization’s value and a plan to address risk – your business can be ready for just about anything.

When looking at your balance sheet, one of the big questions to ask is: How hard is your debt working for you? That is, are you making money on what you have borrowed from others? We often look to the numerator first to see what is happening there. Revenue is a great place to start, but we also need to look at the debt schedule. 

The farming industry is an ever-changing landscape. With each year that passes, new complexities and challenges arise that place pressures on Canadian farmers to continuously adapt their business practices to remain competitive.

The challenges facing today’s dairy farmers are vastly different from those of previous generations. Rising costs, environmental regulations and technological advancements have created a complex and competitive environment. For the next generation poised to take over family dairy farms, financial literacy is not just an asset; it is a necessity.

To obtain a loan, your application must be approved by an underwriter – a specialist who examines your finances. To obtain capital on favorable terms, it’s helpful to understand what underwriters are looking for and take action to accelerate the underwriting process.