Google Translate Disclaimer

A number of pages on the Government of Saskatchewan`s web site have been professionally translated in French. These translations are identified by a yellow text box that resembles the link below and can be found in the right hand rail of the page. The home page for French-language content on this site can be found here:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

The results of software-based translation do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos, and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

Habits of Top Performers

By: Amanda Richmond, Farm Business Management Specialist, Kindersley

Did you know that management plays an important role in financial success? A study was conducted by Ipsos, a global independent market research company, to determine the degree to which farm business management practices are direct drivers of farm financial success.

The results of the study show a direct relationship between management activities and farm financial success.  There are seven key management activities that have a direct impact on financial success.

  • Continuous learning: Actively seek new information and opportunities for learning and skills development.  
  • Make Business Decisions with Accurate Financial Information: Keep financial information up to date, accessible and used for timely decision making.
  • Engage the Use of Professional Business Advisors: Use a trusted farm business advisor or team of advisors to review the business on a regular basis and ensure activities are meeting strategic objectives.
  • Use of Formal Business Plan: Use, review, and update a written business plan throughout the year when making business decisions.
  • Cost of Production Monitoring: Calculate, review and monitor cost of production for every production cycle and use for benchmarking and management decisions.
  • Risk Assessment and Management: Actively look for emerging risks and use risk management programs and tools to manage risk.
  • Use of Financial Plan with Budget Objectives: Use a budget including revenues and expenses for each product, department or area of the farm business.

These management activities are not exclusive in generating profit for the farm business, but will have the most impact on financial success. Incorporating these management activities into your daily routine can help improve your bottom line.

The full report, Dollars and Sense, can be downloaded from the Farm Management Canada website.

For more information stop by or contact your local Regional Office or contact the Agriculture Knowledge Centre at 1-866-457-2377. 

We need your feedback to improve saskatchewan.ca. Help us improve