Farm succession planning remains one of the most complex and often delayed conversations in agriculture, bringing together business, family, and financial considerations that can be difficult to navigate without the right support. Speaking at the Advancing Women’s Conference in Calgary, Alta., Sandra Macenko Merkley, senior wealth advisor with ScotiaMcLeod, encouraged farm families to take a... Read More
Category: Succession Planning
Communication, not capital, may be the most overlooked risk in farm succession—and Ron Krahn says it’s where many operations fall short. In this episode of the How Could I Know? podcast, hosted by Patti Durand and Chris Corbett of Brightrack Consulting, Ron Krahn, who farms with his family near Rivers, Manitoba, reflects on the lessons... Read More
I know better than to ask a farmer when they plan to retire. Most will tell you....they don't. But many more do have ideas about things they'd like to do and see when they're maybe not so busy (ahem). The question of "retirement" is two-fold: what will you do with your time, but, more importantly,... Read More
Frustration, family dynamics, and the long game of farming take centre stage in this episode of the How Could I Know? podcast. Hosted by Patti Durand and Chris Corbett, this podcast digs into the pivotal moments that shape careers and businesses in Canadian agriculture. The premise is simple: if you could go back and tell... Read More
With an increasing number of new entrants to agriculture coming from non-farming backgrounds, the question of how to connect and train the next generation of producers is top of mind for many in the industry. At the GLOBE Food Leadership Summit in Calgary, Alta., Alex Pulwicki, Alberta program manager with Young Agrarians spoke with RealAgriculture’s... Read More
In this episode of the Mind Your Farm Business podcast, Shaun Haney is joined by estate planning expert and bestselling author Dr. Tom Deans to discuss why avoiding conversations about succession, wills, and wealth can lead to disastrous consequences for farm families. Deans, author of Every Family’s Business, Willing Wisdom, and The Happy Inheritor, shares... Read More
In the final instalment of RealAgriculture’s Continuity Conversations series, host Shaun Haney is joined once again by Derryn Shrosbree, CEO of 33seven, to walk through step seven of a farm transition strategy. This concluding conversation focuses on an unconventional but practical estate planning and diversification strategy: generating wealth from urban real estate, or what Shrosbree... Read More
As shifting market dynamics tighten margins and challenge growth expectations, the agricultural sector may be on the cusp of another wave of consolidation, perhaps driven more by necessity than ambition. In just the last two weeks, the North American ag sector has seen a seed company merger and the completion of a grain and crush... Read More
Farm Credit Canada (FCC) has announced updates to its FCC Transition Loan to facilitate the transfer of farm business assets between both buyers and sellers. The new terms allow disbursements to the seller over a period that extends to 10 years. The loan is available for farms, agribusiness or food businesses going through changes in... Read More
In this episode of Continuity Conversations with 33seven CEO Derryn Shrosbree, RealAg Radio host Shaun Haney dives into the often-avoided realities of family farm succession: specifically, the thorny issue of how to treat on-farm and off-farm children when transitioning ownership of the farm business. This sixth step in Shrosbree’s seven-part continuity framework challenges families to... Read More