Kawartha Lakes Farmer Wins Ontario’s Most Profitable Acre Challenge
“The difference between a successful farmer and his polar opposite is almost always the way the farmer manages his business,” said Peeters.“Rarely are luck and chance to blame for a profitable farmer, though you could probably say winning this competition was chance.”
Partly attributing his success to high organic crop prices in 2014, Peeters says knowing his cost of production and utilizing best business management techniques has influenced his bottom line year after year. To expedite efficiency and profitability, Peeters tracks his input costs, has a written marketing plan, is a member of a business management club, has a written business plan, and sees a farm advisor on a regular basis. “It definitely takes some last minute decision making out of the picture, which means less stress,” said Peeters. “Plans and goals are essential to profitability.”
Nineteen farmers entered the competition. “We are pleased to see farmers recognizing that proactive approaches to business through planning and best practice sharing create profitable, efficient operations,” said Brenda Lammens, Board Chair of AMI. “It encourages all farmers to start dedicating as much time and effort to the management side of their business as they spend in the field.”
Agriculture and agri-food sector is a mainstay of the economy in Kawartha Lakes. According to postings, Farm Cash Receipts or sales of farm products in Kawartha Lakes continue to increase. The total reached over $116.9 million in 2013, which was a ten million dollar increase over 2012 figures. The biggest change in the last year was seen in soybeans which jumped from sales of $12.1 million to $19.0 million. Kawartha Lakes' receipts grew significantly more, at 8.8%, than the 2.5% growth seen across the province.
The Economic Development Department facilitates the growth and development of industries and communities through a number of initiatives and programs. Further details can be found at http://www.advantagekawarthalakes.ca.
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About Economic Development
The Economic Development office at 180 Kent Street in Lindsay provides business support services to all business sectors; with an emphasis on agriculture, tourism, business retention & expansion, innovation, arts, culture and heritage, small business and entrepreneurship.
For further information, please contact:
Acting Director, Economic Development
705-324-9411 extension 1208