person looking at papers in a field

You deserve an advisor who really gets what’s on the line

July 13, 2021

You deserve an advisor who really gets what’s on the line

Synopsis
5 Minute Read

In today’s agriculture industry it’s more important than ever to work with an advisor who really gets what’s on the line.

Get to know MNP’s FMC team

MNP’s agriculture team has been proud to help farmers and livestock producers remain competitive and profitable for more than 60 years. Our team of Farm Management Consultants (FMC) are intimately familiar with all aspects of the agriculture industry and can provide farm planning solutions that deliver results. We like to summarize MNP and our FMC team in a few words: We understand farming.

Our agriculture team is one the largest specialist groups of its kind. Many team members come from a farming background and bring a high level of practical agricultural knowledge and experience, which offers a real understanding of the issues faced by Ontario farmers. 

How MNP’s FMC can help

Whether you are looking for advice on day-to-day challenges or require specific advice on areas such as review and planning, financial projections, cost of production, or examining risk on your farm, our FMC team can help. We work with you on a one-on-one basis to assess your financial operation’s strengths and weaknesses with performance targets and analysis in mind. Our customizable service means you can engage with us for as much or as little assistance as you wish.

In a commodity sector where farmgate prices are volatile and input prices are on the rise, farm planning is more important now than ever. Most likely, your farming operation is more capital intensive and incurring higher revenues then the generation before you. With that, comes higher risk, and managing that risk becomes even more critical. With early diagnoses, our FMC team can mitigate potential problems, find areas for growth, and guide your business toward your vision.

MNP’s approach

Our first step is to sit down with you, coffee in hand, to get to know you, your operation, and the business needs of your farm. We want to discover your future vision for your farm, the short- and long-term goals, and help you make informed decisions while answering your most pressing questions:

What is causing me to lose revenue year after year? Is my business structured in the most profitable way? I am looking to expand my livestock herd, but unsure of the risks, so how can I mitigate that risk? Are there any opportunities for diversification? I want to understand the full cost of production of my business, but where do I start?

MNP offers the solutions and answers to all these pressing questions

With our financial modelling tools in hand, we start taking out the guesswork of these very important and difficult decisions. You will identify and understand the risk factors at play in your business, including their potential for impacting the bottom line. In no time, you will start to see your business through a new lens – which areas of my business are profitable, which areas drive profitability down, and which areas should I focus on to drive growth? The value of this information is critical for the sustainability of your farm, and to safeguard your personal and professional future.

It’s all about relationships

We pride ourselves on having longstanding personal relationships with our clients that allow us to understand your farm like its our own. Visiting your farm and seeing your operation firsthand is essential to confirm that our financial advice makes sense, and regular follow up is provided to account for new opportunities and challenges that arise in an ever-changing marketplace. This is the type of personalized service that sets us apart from other accounting firms.

Whether you own a conventional operation or a niche farming business, our FMC team has the expertise and knowledge to help. Let us help you and your business and together we can create a long-term roadmap for success. 

MNP’s services and solutions

  • Benchmarking
  • Management and Strategic Planning
  • Farm Business Reviews
  • Production Economics and Marketing
  • Risk Management
  • Credit Reviews
  • Business Structures
  • Succession Planning

To find out what MNP can do for you, contact Will Sheard, BcomAg at 647.338.8961 or [email protected].

Insights

  • Agility

    September 23, 2021

    Key considerations for maintaining culture as you create your return-to-office plans

    Developing and implementing a successful return-to-office strategy is one of the biggest challenges leaders will face. With the right approach, you can strengthen culture and create value.

  • Confidence

    September 21, 2021

    Payment service providers and AML compliance in Canada

    Payment service providers face regulatory risk if they don’t have an anti-money laundering program in place – find out why and how to follow best practices.

  • Performance

    How forensic soundness helps get your data into court

    The treatment of digital forensic evidence in the courts is a complex process. Find out the four key criteria Canadian courts look for to ensure your evidential data is admissible in court.