What key performance indicators should I track in my farm business?

Jul 08, 2025

Setting and tracking key performance indicators (KPIs) is essential for long-term farm success. After all, you can’t manage what you can’t measure, right? How do you know if you’re on track if you haven’t figured out where you want to go?

Start with defining what success means to you, your farm, family and farm team. Profit and productivity are usually the first things that come to mind. What about health and harmony? Growing the skills and confidence of the team? Positioning the operation for a successful transition?

It’s crucial to choose KPIs that align with your goals. Next, determine the best way to measure success and track your progress toward reaching your goals.

Here are some KPIs you may want to think about for your farm:

Financial prosperity – cost of production, profitability, liquidity and cash flow, and debt repayment
Production/productivity – yield, quality, labour, equipment and livestock efficiency, animal health and welfare
Market growth – customer satisfaction and loyalty, market share, pricing, sales, products sold
Technology and innovation – use of smart technology, return on investment, new products or processes, operational efficiency

Click here to see more...

Video: Home Grown Ontario Tulips

Ontario’s flower sector is blooming ??

With more than $1 billion in farmgate sales and over $650 million in annual exports—much of it centred in the Niagara region—Ontario growers are a major force in Canada’s floriculture industry. In fact, the province produces roughly 50% of all flowers grown in the country, serving a market of over 100 million consumers within a one-day drive.

It’s a powerful example of how strategic location, cross-border access, and strong production capacity come together to support both local agriculture and global markets ??

?? Watch as Andrew Morse, Executive Director of Flowers Canada, shares insights and the full story behind Ontario’s tulip industry and its thriving flower sector.