Farm family coach, author and speaker Elaine Froese has a clear message for farmers who are not actively working on transition planning. “Stop procrastinating and avoiding conflict,” she says. “To […] Read more
Tag Archives farm transition
Three ways to advance farm transition planning
‘Canada’s farm whisperer’ recommends key discussion topics for farm families
Top transition tips for young farmers
How the next generation can help farm transition be successful
Transitioning management and ownership of a farm business from one generation to the next can present many challenges. While there are numerous resources to support farm founders in assessing their […] Read more
Introspective estate planning for your farm
Focus on the people involved in farm succession, not just assets
Estate planning means knowing where financial and material assets will go after you die, but according to veteran financial strategist Chris Delaney, forgetting to prepare people to receive those assets […] Read more
Making non-family business transition work
These two families found a way to make a dairy farm transition succeed
Most farm transitions today happen through succession planning between families, but there are growing examples of how non-farmers are making it work with existing farmers and on their own. FarmSmart, […] Read more
Rules of transition, and when to break them
Well-known coach and columnist addresses Women for the Support of Agriculture
Farmer and farm transition counsellor Elaine Froese has a list of truisms she shares in regularly published columns and at meetings with farm organizations. The expression, “where is it written […] Read more
Succession can be taxing if some land ownership isn’t considered
Does your succession strategy account for Land Transfer Tax? If not the repercussions could be costly
When it comes to transferring land, handing the farm to the next generation can be expensive. Ontario’s Land Transfer Tax (LTT), more specifically, can take a significant bite out of […] Read more