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Agriwebinar: Farm Financials to Help You Sleep at Night – Part One
14 November, 2019 @ 12:00 pm - 1:00 pm
Live! Thursday, November 14 @ Noon EST
Agriculture is a sector riddled with uncertainty. Most recently, international trade disputes have increased uncertainty for Canada’s farmers. This is causing many farmers to worry about their financial performance and its impact on the future of their farm. Such uncertainty is keeping many farmers up at night, and contributing to increased stress, anxiety and difficulty making sound management decisions. Not knowing, or fully understanding, where things are financially on the farm compounds the stress.
Through analyzing aspects of financial performance and using certain tools, like “what-if” scenarios, farmers become more aware of their situation. This gives them the ability to assess the actual resilience of the farm when faced with potential threats, and further, has the benefit of reducing the stress caused by these “unknowns”.
In this presentation, Terry and Gavin Betker will use their consulting experience to provide insight into analyzing financial resiliency and how what-if scenarios can be used … both designed to help you sleep at night.
Terry Betker, President and CEO,Backswath Management Inc.
Terry Betker is President and CEO of Backswath Management Inc., a company that provides business management expertise to farm families on strategic business planning, succession planning, financial analysis, benchmarking and human resource management.
Terry has delivered presentations on farm business management throughout Canada, the U.S., Mexico, Chile, New Zealand, Poland and the Netherlands. In addition to teaching at the University of Manitoba, Terry is a professional agrologist, certified agricultural consultant and certified management consultant. He is the 2015 recipient of Farm Management Canada’s Wilson Loree award, recognizing his contribution to developing and promoting new and positive change in agricultural business management practices and expertise in Canada.
Gavin Betker, Consultant Associate, Backswath Management Inc.
Gavin Betker graduated from the University of Manitoba with a Bachelor of Commerce (Hons.) in 2004. Throughout his career, Gavin has gained expertise in business development, farm management consulting, and teaching. Having grown up on a farm, he shares the Backswath passion for advancing farm management.
After obtaining his business degree, Gavin was a front-line production manager in a window manufacturing plant. He later transferred to Calgary, where he managed the service and delivery operations for Southern Alberta. In 2010, he decided to change career tracks and came back to his roots in Manitoba to farm, where he spent three years as a hired hand on the family farm near Souris, MB.
Gavin began working for Backswath in 2014, putting his business and farm backgrounds together. Most recently, Gavin has been working first-hand with the development of EAGLE software with Backswath. He is also a part-time instructor at the University of Manitoba in the School of Agriculture, which he enjoys very much.