Farm Management Canada is hosting free, one-day farm business practices assessment workshops across Canada beginning later this month. The workshop, Seeding Success: Assess, Act, Achieve!, is open to all Canadian producers and farm families and management teams. The workshop is funded through the Canadian Agricultural Human Resource Council, as part of the Sectoral Workforce Solutions... Read More
Category: Succession Planning
You can't take it with you. In this case, the "it" is the farm, and if you're putting off transitioning the farm to a new owner or manager, you might be missing out on a huge opportunity to mentor and continue the success of the legacy you've built. The trouble is, most of us operate... Read More
Say what you want about the state of farm transition in Canada, but the numbers don't lie: farm business transition from one owner to the next is a huge deal both in dollar figures and families involved. According to Farm Management Canada, about 75 per cent of farm businesses are set to transition to new... Read More
There is a lot riding on a farm, year by year. When a farm transition — or talk of a farm transition — gets added in to the mix, it can be a real challenge to manage the farm, the discussions, and navigate all the important decisions necessary to bring on the next generation of... Read More
The Successors is a RealAgriculture podcast series hosted by Kara Oosterhuis focusing on agriculture from the perspective of the up-and-coming generation. How do you decide it's time for a change? What does it take to become a better communicator? And why is it so crucial to not rule any opportunity out? Lara de Moissac, based... Read More
The agriculture industry is fully aware that successful farm transition is not easy and comes with many potential barriers. Every family farm business is unique, but based on a new RealAgristudies study looking at farm transition, there are some common challenges to work through. 588 farmers across Canada responded to questions about farm transition as... Read More
Farm business transition is not a new challenge or opportunity for the agriculture industry, but there's been an increased level of coverage and discussion about it in mainstream media following a well-publicized report by RBC highlighting the challenges earlier this spring. At RealAgriculture and RealAgristudies, we are very interested in this topic and how it... Read More
If you are a farmer or farm business owner, succession planning is a critical process that you cannot afford to overlook. Succession planning involves transferring ownership and management of your farm business to the next generation, and it is essential for ensuring the long-term viability of your business and your family's financial future. In this... Read More
Planning for the next generation to potentially take over or deciding what comes next for your farm business can be very tricky. Not as tricky as not having a plan, however, so even if the farm business is pretty young, it still pays to ask some key questions. Trevor MacLean, a partner with MNP's agriculture... Read More
It's a stressful world out there, there's no doubt about it. Whether it be personal stress, emotional stress, or financial stress...the list goes on. One of the stressors we do have some power to dial down a bit, says Stuart Person, senior vice president of MNP, is financial stress. This can be done through three... Read More