An eight-module course, taught in partnership with RBC, Farm Credit Canada, and the University of Guelph, was launched in January 2022. The free online course, which covers topics such as risk management, financial literacy, and transition, is still available to farmers throughout the country. Modules in the course focus on helping farmers implement effective business planning processes, leverage financial tools, motivate employees, and even look at mental health issues to ensure people are taking care of themselves and their operations.
As a result of the collaboration between RBC, FCC, and University of Guelph, this comprehensive free course is designed to strengthen Canadian agriculture through enhanced management knowledge, skills, and confidence.
"To be successful within a farm operation today, it's become essential to have a good handle on the fundamentals of farm business management. For some producers, that might mean the need to continually sharpen and refresh their knowledge around the key concepts that lead to greater profitability and efficiency on their farm. For others who are just getting started in the industry or perhaps have never had an opportunity to study formally, we felt a step-by-step foundations program would help start the journey," explained Mike Tisdall, Director of Content Marketing and Industry Events at FCC.
Since launching in January 2022, over 4000 people have registered and 850 have completed the course, earning a certificate from the University of Guelph, according to Tisdall.
The University of Guelph hopes that over 50,000 producers will take at least one course module over the next two years.
"Family farm transition is one of the biggest issues in Canadian agriculture right now. We know that many farmers are thinking about passing on the family farm to the next generation. Conversations about succession planning can be really stressful and challenging for all farm family members," shared Dr. John Cranfield associate dean at the University of Guelphs Ontario Agricultural College. This course is recommended for all agricultural producers, says Dr. Cranfield.
The program will continue to be offered four times per year in the winter, spring, summer and fall. All those interested in registering in the program should visit GuelphAgriculturalManagement.com.