Farm Financial Fluency Training Program

In recognition of the need for greater financial literacy amongst Canada’s producers, Farm Management Canada and MNP have joined forces to offer a new Farm Financial Fluency training program for producers. Producers of all types and across all commodities will benefit from a deeper understanding of their financial situation and the different options available to remain competitive and take calculated risks for continued success.

Financial literacy is a fundamental starting point for effective farm business management, helping producers understand the direct impact of their business decisions, and opportunities available going forward.

Program Content
Producers will learn how their financial information can be organized for timely analysis and interpretation and how to use basic financial tools to calculate their financial position, options and explore what-if scenarios.

Program content will be customized to each production sector.

Through the Farm Financial Fluency training program, you will learn:

  • Why financial reporting is important and to whom
  • Key differences between types of financial reporting and who uses what
  • Different farm business structures and their impact on financial reporting
  • How to interpret your financial statements (balance sheet, income statement, cash flow)
  • Financial ratios and how to use them to analyze risk
  • How to spot potential financial issues and opportunities
  • Tools and resources available to manage financial risk

The Training Program ends with a production-specific in-depth case study to put the concepts into practice. Participants will come away with a greater knowledge of financial management, greater confidence in making financial decisions, and how to use the tools and resources available.

Each participant will receive a Participant Manual to guide their learning experience.

Program Delivery
As we find ourselves in the midst of a global pandemic, the program will be delivered virtually over the course of three 2-hour sessions coupled with an optional follow-up session with an MNP advisor for those seeking additional support. The three sessions will be spaced apart to allow time for reflection and practice between sessions.

Virtual sessions will also help accommodate producers who may be sensitive signing up for financial literacy training, as participants can remain anonymous.

Program Schedule
Training will be available from October – March. The program schedule will be released shortly. Please check back here for details on how to register or subscribe to our email list for Program updates by contacting Heather.Oakley(at)fmc-gac.com.

Interested in hosting a session?
If you wish to sponsor and host a Farm Financial Fluency Training for your members or clients, please contact Nick Oakley, Business Development Lead at Farm Management Canada: sponsorship(at)fmc-gac.com.

Presenters
Together, Farm Management Canada and MNP will deliver virtual Farm Financial Fluency training, specifically designed to help producers understand, interpret, and use financial information and tools relevant to their farm.

Presenters will be selected based on their subject matter expertise including production sector and region.

Farm Management Canada Presenters

Heather Watson
Executive Director, Farm Management Canada
Heather’s passionate about education and committed to enhancing efforts to encourage better business management practices for a sustainable and truly remarkable agriculture industry in Canada. Heather draws on her 15+ years’ experience and vast network of farm business management experts to help her develop and deliver the necessary tools to move Canadian agriculture forward.

 

Heather Oakley
Project Manager, Farm Management Canada
Drawing from her practical experience, growing up on her family’s Red Angus cow-calf operation and currently being involved in their agri-tourism ventures, Heather brings a realistic perspective to business management. A broad knowledge of happenings across Canada related to farm business management along with a national network of experts allows Heather to coordinate connections and identify learning opportunities for Canadian producers.

MNP Presenters

Kelleen Tait
Business Advisor, Assurance and Accounting Services, MNP
Kelleen is a Partner and Business Advisor with MNP in Lethbridge. Drawing on significant experience working with the agriculture sector, Kelleen delivers a comprehensive suite of assurance and advisory services to agricultural producers, food processors and the Hutterian Brethren. She also works with high-net-worth individuals, private enterprises and non-profit organizations.

 

Dominic Tilbury
Senior Manager, MNP
Dominic Tilbury is a senior manager in MNP’s agriculture niche. He obtained his Bachelor’s Degree from Simon Fraser University and received his Chartered Professional Accountant (CPA, CGA) designation in 2015.

Dominic works closely with family farm businesses and industry organizations on many issues including planning, budgeting, tax and accounting compliance, assurance, succession, and risk management. Dominic grew up in the Fraser Valley and is passionate about the future of agriculture in the region.

 

Kimberly Shipley
Partner, MNP
Kimberly Shipley, CPA, CA, is a Partner in MNP’s Red Deer office and has worked with MNP since 2004. Specializing in serving producers, Kimberly works with over 80 dairy farms on an annual basis to meet their tax and accounting needs and as well as assisting some of these farms with planning to bring in the next generation of dairy farmers, starting or expanding their operations, or exiting the industry. She enjoys helping make sense of financial information and presenting options to assist in making informed decisions.

She has also gained insight into the industry serving as a data collector for the Canadian Dairy Commission in Alberta and was appointed to the Agricultural Products Marketing Council in Alberta in 2017 to 2020.

Kimberly was designated a Chartered Accountant (CPA, CA) in 2007, after receiving a Bachelor of Commerce from the University of Calgary. She was the recipient of the early achievement award from the Alberta Institute of Charted Accountants in 2012.

 

John Loeppky
Senior Manager, MNP
John Loeppky is a Senior Manager in the Farm Management Consulting group in the Winnipeg office. Drawing on more than 21 years of experience in the agricultural and financial industries across western Canada. John started at MNP in January 2017 and has provided great support to his clients in strategic and succession planning, financial projections and operational reviews, business planning, re-financing and cost of production analysis. John graduated from the University of Manitoba with a Bachelor of Science in Agriculture.

John has over 18 years of experience in the farm financial industry. Prior to starting his consulting career, he worked at Royal Bank of Canada for ten years and ATB for 3 years as an agriculture account manager. In both roles he was responsible for maintaining and growing a portfolio of primary agriculture and agri-business clients.

John grew up on a mixed grain and hog farm in south-eastern Manitoba, and still actively farms today. While growing up on his family farm, John was involved in his local 4-H group which deepened his roots to his local agricultural community. These relationships and experiences have lasted him throughout his career and has served as a testament to his dedication to Manitoba agriculture. Whether he is chatting to a large grower, or a small niche farm, John’s practical farming knowledge has allowed him to bring a high level of clarity and service to his client’s problems.

 

Jordan Bowles
Partner, MNP
Jordan Bowles is a Partner in MNP’s Stratford and Clinton, ON offices. Jordan provides accounting, tax and consulting services to a wide variety of owner-managed businesses, with a particular focus on agriculture and agri-business. Jordan also applies his extensive knowledge of all government farm support and income stabilization programs to the Firm’s agriculture clients.

Located in the heart of Ontario’s agriculture community, Jordan uses his 20+ years of public accounting experience to provide solutions to the Firm’s dairy, swine, beef, goat (dairy and meat), poultry and grain producers, with specific proficiency in the areas of tax and succession planning. His network of clients and contacts extends beyond primary producers and includes local grain elevators, feed mills and livestock trucking companies.

Jordan is the Agriculture Niche Leader for MNP’s Southwestern Ontario region and regularly participates in strategic initiatives at the provincial and national level. He acts as the Ontario swine lead, providing insight into production and financial benchmarks to the Firm’s clients and team members.

 

Trevor Elyk
Farm Management Consultant, MNP
Trevor Elyk is a Farm Management Consultant with MNP’s Agricultural Services. His expertise includes farm business management, farm planning, succession planning, and business and strategic planning for primary producers. As a Farm Management Consultant Trevor has worked with all aspects of the agricultural industry, including intensive livestock, crop production, grain marketing, and consulting to primary producers. His problem-solving techniques and ability to establish strong client relationships give him the confidence and knowledge to find the best solutions for today’s agriculture operations.

Trevor began his education with a Bachelor of Science degree in Agribusiness from University of Manitoba, and subsequently earned his Professional Agrologist designation, Designation in Supply Chain and Transportation Logistics Management, and Certificate in Logistics.

Prior to joining MNP he began his career as a Customer Service Representative for Agricore United where he managed inventories, sales, budgeting, contracting, and building relationships with producers. He moved onto the Logistics and Merchandising department where he established and communicated programs, and developed procedures that were used to ship and purchase grain. He worked with the Canadian railways to establish policies and guidelines in shipping grain.

 

Kelly Bromm
Farm Management Consultant, MNP
Kelly Bromm BSA, is a Farm Management Consultant with MNP’s Agriculture Services group in the NorSask Region. Working with producers, agri-business, government and other agricultural agencies, Kelly delivers advice and solutions tailored to each client’s unique situation and goals.

Originally from a farming community in North Eastern Saskatchewan, Kelly grew up on a grain and livestock family farm where he was actively involved in all aspects. He went on to obtain his degree in Agriculture Economics at the University of Saskatchewan and began a 24 year career working in the Agriculture Financial Lending Industry while continuing to be involved in the family farm until 2011 when his parents retired.

Kelly draws on nearly 30 years of experience to develop and implement solutions to the wide range of issues that today’s farmers face. He assists with strategic planning, financial management, succession planning, production economics and human resources, and connects clients with the firm’s broad-based expertise when they are experiencing specific challenges.