The Importance of Advisor Support
Farm Management Canada’s 2015 ‘Dollars and Sense’ research report identified seven business management activities that, when adopted, are drivers of farm financial success. That is to say that these activities are more likely to be present on financially successful farms and/or more likely to be absent on less financially successful farms.
The report established that utilizing business advisors are key drivers of farm financial success. Analysis of adoption rates for each of these activities is included in the report and demonstrates that farms within the Top 25% Financial Performance Segment are more likely to have adopted each of these activities. Farms in the top quartile are 30% more likely to work regularly with a trusted farm business advisor, or team of advisors.
Advisor Support Resources