Navigating career transitions, business expansion, and farm management requires a willingness to adapt, ask questions, and embrace continuous learning. While scaling an operation or taking on multiple entrepreneurial roles can present significant logistical and financial challenges, viewing unexpected hurdles as learning opportunities can help producers build resilient, flexible agribusinesses. In this episode of the How... Read More
Category: Succession Planning
On this episode of the Mind Your Farm Business podcast, host Shaun Haney sits down with agricultural business management expert Dr. David Kohl to discuss what separates the most resilient and successful farm businesses from the rest. They dive into Kohl’s “two-in-ten” rule, with the idea that in commodity agriculture, farmers may have two great…Read More
On this Mind Your Farm Business podcast, host Shaun Haney sits down with Rena Striegel, president of Transition Point Business Advisors, to discuss why farm succession plans fail when families focus solely on transferring assets rather than leadership. They dive into the dangers of the "shadow CEO," the misunderstandings surrounding sweat equity, and why true…Read More
Canadian farmers under 40 years old now have access to a new national program aimed at connecting, supporting, and amplifying the voices of young farmers and young agricultural leaders across the country. Canada's Young Farmers, coordinated by Farm Management Canada, will offer leadership and professional development opportunities, mentorship, networking, learning events, and resources tailored to... Read More
Rising land values have forced a shift in how Canada's largest agricultural lender approaches the upcoming $50-billion intergenerational asset transfer, according to Farm Credit Canada (FCC) CEO Justine Hendricks. Speaking with Shaun Haney of RealAgriculture at the FCC head office in Regina, Hendricks describes the wave of upcoming farm successions one of the most "complex,... Read More
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
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