Happy Canadian Ag Day! Thanks for tuning in to this special Wednesday edition of the Farmer Rapid Fire on RealAg Radio! Guest host Kara Oosterhuis is joined by: Rebecca Archibald of Truro, N.S.; Kevin Buchner of Brownsville, Ont.; Ron Krahn of Rivers, Man.; and, Todd Hames of Marwayne, Alta. Thoughts on something we talked about… Read More
Search Results for: succession planning
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
Thanks for checking out the RealAg Radio show. Tune in to hear the show live on Rural Radio Sirius XM Channel 147 everyone Monday to Friday at 430 Eastern! On this episode, join your host, Shaun Haney, as he discusses all things succession planning with Elaine Froese on transferring the farm early vs. waiting too… Read More
Welcome to this Tuesday edition of RealAg Radio. On today’s show you’ll hear: Jen Gerson of political commentary vehicle The Line, on priorities of the Trudeau government and her thoughts on Kenney and Ford; Ryan Kehrig of MNP joins the show for a product spotlight; Dick Wittman of Wittman Consulting, on succession planning and how… Read More
Farming with family can be rewarding, and also stressful. Transitioning a farm’s ownership from one generation to the next can be emotionally-charged and high stress, but would it be easier or any different if you were selling the business to a non-family member? Dick Wittman of Wittman Consulting says that many farmers may feel as… Read More
Would you, at 40, pick up and move your family across an ocean to farm? That’s what Gunter Jochum’s parents did in 1980, moving from Germany to Manitoba, Canada. Gunter and his family are still farming today, after plenty of change and challenges on the farm. Tune in to this LIVE! Q&A to hear Gunter’s… Read More
After another hectic week, it is finally time for the Friday edition of RealAg Radio. On today’s show you’ll hear: Anne Wasko of the Gateway Livestock Exchange, with our latest Beef Market Update; Patti Durand of Farm Credit Canada, on tools you can use for family farm succession planning; and RealAgriculture’s Lyndsey Smith and host… Read More
We’re wrapping up the week with a couple of serious, in-depth discussions. On today’s show, hear: The need for urgency in succession planning, with Farm Credit Canada’s Patti Durand; Canada’s relationship with China — what the Phase 1 deal means for that relationship, the Belt and Road Initiative, economic issues, coronavirus — with Gordon Houlden,… Read More
Okay, it’s our second last day of coverage from the Crop Production Show (so the start of warmer temps?). On today’s show from the FCL booth, hear: Errin Willenborg, FCL, on sustainability, Grown with Purpose, clubroot, and the acres still to be harvested in Saskatchewan; Patti Durand, FCC, joins to talk about one of the… Read More
Talking with your family about farm succession needs to happen sooner rather than later, emphasizes Darrell Wade, president and founder of FarmLife Financial. Wade’s key message at the Canadian Beef Industry Conference in London, Ont., was to start the succession conversation early. As he explains in the video below, his family didn’t, and when a… Read More
Maintaining good relationships should be a priority in any succession plan, but sometimes it’s hard to get past the financial and legal jargon associated with the process. For both reasons, a farm business should consider appointing a third party to mediate discussions. And, in the meantime, it doesn’t hurt to learn about some of your… Read More
Below are some of my thoughts about succession planning from this week at Agritrade in Red Deer, Alberta. It is very clear that farmers are not tired of this discussion based on the attendance at the AgriTrend Learning Center. If you cannot see the embedded audio player above, CLICK HERE
“Farm succession can get heated,” says Thamesville, Ont., farmer Dennis Jack. “But you have to get on with life and deal with it or you will destroy your own life worrying about.” In this episode of the Agricultural Management Institute’s (AMI) new farm succession video series, Jack talks about his family’s succession struggles and how reaching… Read More
When should you start succession planning? The earlier the better, says farm succession expert Len Davies. In the second episode of the Agricultural Management Institute’s (AMI) new farm succession video series, Davies takes us to the Veenstra family farm near Port Colborne, Ontario. Here we meet Andy Veenstra who shares succession tips and strategies he used… Read More
What are the key steps that farm families need to consider when developing a farm succession plan? It’s a looming question for many farm families right now. To help in the process, the Agricultural Management Institute (AMI) has produced a new farm succession video series, viewed from the kitchen tables of Ontario farm families as… Read More