The value of farm management systems in working with your bank
With so much data now available in farming, there’s never been more opportunities to get additional value, helping improve decision making, planning and collaboration.
Remi Schmaltz, TELUS Agriculture’s business development lead for North America, recently joined ATB Financial’s Jon Neutens, vice-president for agriculture, to discuss the benefits of using farm management systems (FMS), like Decisive Farming and Farm At Hand, to streamline data use and improve collaboration and information sharing with financial institutions.
"I think there’s a lot of duplication, with really simple things like crop plans or inventory being created by the grower and then put into a different format for the bank. It’s about how to enable growers to leverage the information they have,” says Schmaltz. Adding a FMS on farm can help better define data and layer in other information like farmable acres and field performance – all things that go a long way in increasing a bank’s financial comfort.
Read the full article by ATB Financial, a financial services provider based in Alberta.