Category: Succession Planning

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

Taxes support vital infrastructure, such as roads and hospitals, but income tax rates that climb over 50 per cent leave many farmers feeling that the value just isn’t there. There are strategies — all within the tax code — that can help to keep income tax at a more manageable level. In this episode of... Read More

Roughly 88 per cent of Canadian farmers still don’t have a continuity plan, and that lack of preparation could leave families facing more than grief in the event of a death or serious injury. That’s the warning from Derryn Shrosbree of 33seven, who joined Shaun Haney in this fourth instalment of a continuity planning series... Read More

Thanks for joining us for episode three of Continuity Conversations! The first two episodes focused on the value of the farm and the importance of thinking long-term about not just the farm legacy, but also the debt load of a continuing business (see those here). In this episode, host Shaun Haney again sits down with... Read More