Benchmarking

Understanding your own financial profile is important for the success of your farm operation. Benchmarking helps you assess your farm operation and determine its strengths, weaknesses and areas where improvement is possible.

Comparing your performance against industry peers and competitors will reveal areas in your business that need fine tuning and set the bar for you in terms of how good you have to be to remain competitive.

To help you with this process, Agriculture and Agri-Food Canada has developed a free, easy-to-use financial tool called Benchmark for Success. You input basic financial information on your farming operation, and the program generates a report that compares your financial performance with your peers and competitors. The financial information you provide is not collected by AAFC. It is intended for your use only and is completely confidential.

For further information, articles, and links on benchmarking, view the Links and Articles page.

If you have any comments or suggestions regarding the benchmark web site, please contact compare@agr.gc.ca.