Cultivate financial literacy, boost farm resilience

Jun 24, 2025

Financial planning professionals spend years acquiring the experience and skills to do their jobs effectively. This is a level of training most people don’t have — but that doesn’t mean financial literacy is unattainable.

For Lance Stockbrugger, Saskatchewan farmer and veteran chartered accountant, taking steps to better understand what the numbers are telling you is an important means of improving the profitability and stability of your farm business.

It will also equip you with essential tools to navigate your business effectively. Understanding financial management will empower you to speak the language of your advisors, ensuring clearer communication and more productive consultations.

It also helps you to calculate costs accurately, negotiate the best deals and make informed decisions to protect your bottom line. By improving your financial capability, operators can foster stronger, more strategic conversations with stakeholders and advisors, ultimately leading to smart management and long-term success.

Click here to see more...

Video: Winter Canola Trial in Mississippi | Can It Work for Double Cropping? | Pioneer Agronomy

Can winter canola open new opportunities for growers in the Mid-South? In this agronomy update from Noxubee County, Mississippi, Pioneer agronomist Gus Eifling shares an early look at a first-year winter canola trial and what farmers are learning from the field.

Planted in late October on 30-inch rows, the crop is now entering the bloom stage and progressing quickly. In this video, we walk through current field conditions, fertility management, and how timing could make this crop a valuable option for double-cropping soybeans or cotton.

If harvest timing lines up with early May, growers may be able to transition directly into another crop during ideal planting windows. Ongoing field trials will help determine whether canola could become a viable rotational option for the region.

Watch for:

How winter canola is performing in its first season in this Mississippi field

Why growers chose 30-inch rows for this trial

What the crop looks like as it moves from bolting into bloom

Fertility strategy, including nitrogen and sulfur applications

How canola harvest timing could enable double-cropping with soybeans or cotton

Upcoming trials comparing soybeans after canola vs. traditional planting

As more growers look for ways to maximize acres and diversify rotations, experiments like this help determine what new crops might fit into existing systems.