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Innovation in Farm Business Management A Grass Roots View

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Innovation in Farm Business Management A Grass Roots View

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    1. Innovation in Farm Business Management ‘A Grass Roots View’ Canadian Farm Business Management Council Innovation Day May 29,2007 Ottawa, Ontario By: John A. Anderson Kingston, Ontario Janderson150@Cogeco.ca 613-389-3746 Agri-Business and Farm Succession Services

    2. Innovation in Farm Business Management ‘A Grass Roots View’ Where is Farm Business Management Advancing to in the 21st Century? What are we seeing at the Farm Gate?

    3. A Personal view… We are seeing Innovation and Change

    4. The Motivator May Be in the “Challenge” The Agriculture Industry continues to change…… More complex Knowledge intensive Producers must ensure that they are taking advantage of all opportunities

    5. Perhaps Farm Managers Are Heeding the Results of Research?

    6. The Key to Profitability Research into the depths of farm income indicates: “ Profitability isn’t determined by where you farm, nor by the size of the operation, and not even by the commodity you produce.” Al Mussell – Senior Research Associate George Morris Centre, Guelph Ontario

    7. The Key to Profitability The real message one should take from farm income statistics: “….investing in and upgrading farm management skills could pay rich rewards, and significantly enhance Canadian agricultural competitiveness.” Al Mussell – Senior Research Associate George Morris Centre, Guelph Ontario

    8. Perhaps Projects such as … Are having an impact… Leading Farmers making management decisions now that could be the common practices of the majority a decade ahead?

    9. So what is new and Innovative? But first….

    10. What is Farm Business Management?

    11. Farm Business Management is… Allocation Direction Control of Limited Resources to achieve the goals of: The farm The farm family Farm Management: Principles and Strategies by Kent D. Olson

    12. To appreciate Innovation and Change understand…Producer Attitude Two stereotypes Management Feel that they can control their future. Non-Management Feel that they are at the mercy of whatever happens!!

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