Category: Succession Planning

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

In the next decade, thousands of farms and farm businesses will transition in ownership from one generation to the next. How that hand-off happens is far from simple. Farm transitions involve not just assets and operations, but also families, livelihoods, and legacies. In this episode of Ruminating with RealAg, Annessa Good-Hassard of Peak Heritage Consulting... Read More

As land values soar and tax bills loom, Canadian farm families face a pivotal question: are they leaving a legacy — or a liability when it comes to the farm business continuing? In this second interview with RealAg's Shaun Haney, Derryn Shrosbree, CEO and founder of 33seven, outlines the urgency and opportunity in continuity planning... Read More

Farm transition and succession planning are two of the most avoided yet critical discussions for family farms. In this candid and solution-focused episode of the Mind Your Farm Business podcast, host Shaun Haney welcomes back renowned farm family coach and author Elaine Froese to break down the roots of procrastination and explore how to move... Read More

Planning without numbers is like flying blind, and farm transition planning is no different. Before going too far in the farm succession or continuation process, it's critical to understand the value of the farm asset as that figure sets the stage for the rest of the process. According to Derryn Shrosbree, CEO of 33seven Continuity... Read More