When farmers talk about succession, the conversation typically revolves around how the farm could be transitioned to the next generation of the family. But when Ravena, Ont., beef and grain farmers James and Joan McKinlay talk succession, the conversation is rarely about their family. Much of the focus is on a generation of non-farmers who... Read More
Category: Succession Planning
What are your first thoughts when you wake up in the morning? Motivational speaker, author, and entrepreneur Darci Lang advocates for positivity. "Focus on the 90 per cent, is my message. [It's] my belief that we all hold this big magnifying glass out in front of us in our lives, and we have a choice... Read More
Are you farming year-to-year, or looking five, 10, or even 20 years out? Edgar Hammermeister, with Western Ag Professional Agronomy, says that solid, long-term crop planning is one key piece of the long-term viability puzzle of any farm, but one that often gets dropped when short-term economics or challenges arise. For Hammermeister, long-term crop planning... Read More
The federal government has opened the application process for the first Canadian Agricultural Youth Council. In a press release, Agriculture and Agri-Food Canada says the Council will identify new and emerging issues, enable on-going dialogue on challenges and opportunities, share information and best practices, and provide advice on the strengths and weaknesses of policies and... Read More
You might think that how your parents treated you growing up has little to do with what kind of employee or manager you are (yes, even on the farm), but in fact, parenting has a profound impact on how we interact in the workplace. Everything from how we dress and present ourselves, to our priorities,... Read More
Farmers will hear much talk of the need for resilience in the years ahead. From weather and markets, to trade, to family and managing day-to-day operations, farmers need to be able to cope with the challenges and setbacks that are routinely part of production agriculture. No one personifies resilience more than Springfield, PEI, dairy farmer... Read More
Why do family farm businesses fail? Quite often it's not economics but rather family governance issues and relationship problems, says farmer and business consultant Dick Wittman. Many farms fail because operators don't run the farm in a professional manner, says Wittman who learned plenty of valuable lessons managing a family-operated 20,000 acre crop, cattle, and... Read More
In a spin on 'walk before you can run,' Kristjan Hebert says that farmers need to focus on the data they already generate before thinking about large-scale data collection. Hebert, managing partner of Hebert Grain Ventures, says that farmers need to focus on understanding their own numbers such as debt servicing ratio and access and... Read More
The longevity of a business is less about how well it does in the good times, and more about how it fares through the rough patches. A farm being resilient can come in many forms, but usually comes down to the strength of the management team running it and the financial nimbleness of the overall... Read More
For 20 years, Len Davies has been helping Canadian farm families develop and implement farm succession plans. Over two decades, Davies and his Ontario-based Davies Legacy Planning Group have helped 600 farm families navigate the succession process. Farm Management Canada acknowledged Davies' efforts by awarding him the 2019 Wilson Loree Award at its recent Agricultural... Read More