Filmmaker Brina Romanek was working on a project about food waste in Canada when one of her subjects showed her how many farms in the area were not being passed down to the next generation. It sparked an interest in her, and also anxiety about what it would mean for farming’s future. The feeling was […] Read more
Tag Archives succession — page 2
Documentary explores subject of farm succession
Filmmaker focuses on the story of a retiring Ontario farmer who is passing on his operation to a non-family member
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 that…” is one of them, such as: “where is it written that a farm woman must have a garden?” Another is, “comparison is a joy-stealer.” […] 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 a family’s farm succession finances if an exemption can’t be achieved. Consequently, it’s important for farmers to know when LTT applies — and how to […] Read more
Three approaches to farm succession success
Frank discussion and a gradual approach have helped these families with their farm transitions
The reality of just how capital-intensive farming can be becomes apparent when it’s time to pass on the business — the next generation needs capital to get in and the retiring generation needs to take it out to fund retirement. Why it matters: The experiences of three families shows that the right risk-mitigating investment strategies […] Read more
Federal government invests in scientist “succession planning,” more inclusive research
The investment in agriculture research includes some new ways of involving partners
The federal government recently announced a $70 million investment into Agriculture and Agri-Food Canada’s (AAFC) network of research institutions, including what is being called the Living Laboratories Initiative. The investment is separate from the Canadian Agriculture Partnership — the latest rendition of federal-provincial agriculture investment — with large portions allocated to finding new hires and […] Read more
Quebec ag spending trimmed, tax credits boosted
Quebec’s farming sector can expect a noticeable cut in program spending and a handful of tax credits and tax relief coming out of Thursday’s provincial budget. Finance Minister Carlos Leitao on Thursday announced a cut of about 15 per cent in program spending for the agriculture, food and fisheries ministry through the province’s general fund, […] Read more
Cyber-Savvy Farmer
