It's unlikely that anyone goes in to a marriage expecting it to fail, but the reality is that marriages do end, and when a farm business and farm property is involved it can get very messy, very quickly — It doesn't have to be this way. Instead of thinking of a pre-nuptial agreement as an…Read More
Category: Succession Planning
When a farm business transitions from one generation to the next, there's a laundry list of technical things to do — business structure changes, estate planning, loans, and insurance. But there's more to farm succession than just the technical aspects, and Farm Credit Canada (FCC) has created a new role within the organization to help... Read More
Behind the scenes, to front and centre, women have always played a critical role in farming and in the agriculture industry. In this episode of Mind Your Farm Business, host Shaun Haney speaks with three women from unique backgrounds and stages of their careers, to talk about their perspective on the challenges and opportunities that…Read More
Trust is the basic building block of all relationships. You can't have accountability, commitment, or constructive conflict without first having trust. A lack of trust or a breach of it is a business risk, but how do we first measure, then manage that risk? Trust, like the word strategy, is thrown around largely as a…Read More
It seemed like a rare opportunity to bring agriculture to the fore when, in 2014, the United Nations’ General Assembly declared it to be the International Year of Family Farming. At the time, it said the declaration was to “raise the profile of family farming and smallholder farming by focusing world attention on its significant... Read More
The Ag Women’s Network (AWN) has announced that Farm Credit Canada (FCC) will fund this year’s mentorship program for Ontario women in agriculture. “A mentorship is a valuable tool for leadership development, and we are proud to offer the mentorship program for a second year. Our team has taken feedback from industry and last year’s... Read More
If you talk about big picture stuff at the very face-to-face kitchen table, your family is far more likely to successfully navigate the farm transition from one generation to the next. Dr. Tom Deans, author and intergenerational wealth expert, says that when business owners (looking at you, farmers!) visit the topic early and often with... Read More
As we see more autonomy and robots on the farm in the future, will that minimize or reduce the impact of the benefits of being a farm kid? Does it change it? There's an element of the physical aspect of doing some of the work, which creates some of the long-term character, like picking rocks,... Read More
Farm Management Canada (FMC) is about to start a national study of the connection between mental health and farm business management, but they need industry help. They're requesting those in agriculture, business management, or the mental health field to submit expressions of interest to be involved in the study which is planned to start April... Read More
Talking about transitioning the farm business can be tricky, especially when there's a bit of an age gap. The Goods know all too well what that's like, as Merle, owner of GRS Consulting, has been in the process of transitioning his own farm to his daughter Annessa. They're also working on Annessa stepping up to... Read More