FCC buys management software firm

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Reading Time: 2 minutes

Published: November 7, 2002

More farmers should be using AgExpert, Canada’s best-selling farm

business management computer program, says Farm Credit Canada.

And FCC wants to go beyond lending money to farmers. It wants to help

farmers become skilled farm managers.

That’s why FCC bought the company that owned AgExpert and will be

pushing its farm management and financial management software in FCC

offices across Canada, according to FCC’s assistant vice-president of

business services, Lyndon Carlson.

“We want to focus more on the financial area (of training),” said

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Carlson.

“This gives us an in to get up and running.”

Carlson would not say how much FCC paid for Settler Computer

Technologies Inc.

He said FCC plans to spend about $1 million translating the program

into French, improving it, and developing its internet component.

Carlson said many farmers in Alberta, Saskatchewan and Manitoba already

use AgExpert.

Use in Ontario is not as widespread.

“There’s a great opportunity in Ontario to expand, and with our 100

offices we intend to make it readily available in all 10 provinces,”

said Carlson.

Some farmers have been using non-farm business management programs,

something FCC wants to stop.

“I think there’s a lot more you can gain from this kind of tool if it

is based on agriculture,” said Carlson.

FCC bought Settler because its owners wanted to sell the company,

Carlson said.

Settler was started in 1983 by a group of entrepreneurs who wanted to

set up computerized farm management systems.

The Regina-based company had one permanent office, a call centre and

booths at farm shows on which it relied for sales.

FCC wanted access to the program and didn’t want to lose the

opportunity to grab it. FCC will keep Settler’s entire staff of 22

people.

Carlson said FCC is no expert in software development, but he thinks

using software to help improve farmers’ business management skills will

directly complement the corporation’s desire to keep increasing its

role as a farm lender.

“We’re very interested in expanding our line of product offerings

beyond our core business,” he said.

About the author

Ed White

Ed White

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