As we see more autonomy and robots on the farm in the future, will that minimize or reduce the impact of the benefits of being a farm kid? Does it change it? There’s an element of the physical aspect of doing some of the work, which creates some of the long-term character, like picking rocks,… Read More

An organic beef ranch near Gainesville, Florida, is at the centre of a $520 million lawsuit between a father and daughter. Frank Stronach, Canadian billionaire and founder of Magna International, is suing his daughter, former Member of Parliament Belinda Stronach over a number of things, but most notably the misuse of funds and purposely underfunding… Read More

It’s rare that farmers get as excited about business management professional development opportunities as they do about the latest equipment reveal or new crop variety. But Farm Management Canada is working to change that with its fifth annual Agricultural Excellence Conference. Slated this year for November 26th to 28th, at Winnipeg, Man., executive director Heather Watson… 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

The agricultural industry is changing very quickly on many fronts. Whether it is risk management, human resources, or the latest in technology, farming is becoming more complex all of the time. With all the rapid change around us the one thing that seems to be consistent is the role that family plays in making up… Read More

“Fair” must be one of the most commonly used words in the English language. It most certainly is one of the most dangerous. It gets used and thrown around with reckless abandon every day. Don’t believe me? Here’s are some examples: Farm succession: “Let’s make sure we split up the farm so it’s fair for… Read More

Perhaps more contentious than the buy versus rent debate is the question of when and why to incorporate the farm. The federal government proposed sweeping changes to how taxes were calculated for corporations last summer. The changes were met with significant push-back from the farm community, as the new rules would have a significant impact… Read More

The road that runs along the St. Lawrence River’s north shore from Montreal to Quebec City is known as the Chemin du Roy (King’s Road). Built during the French regime, it was the colony’s very first road. In 1667, shortly before marrying a fille du roy (king’s daughter) named Élizabeth Crêtel, Nicolas Langlois acquired land… Read More

Three transition experts share their advice on the best way for the next generation to start the farm transition conversation. Show them you mean business Since any successful inter-generational transition must become a business transaction, I’ve found that young people who begin with a business approach tend to be taken more seriously. What’s this look… Read More

Despite armies of well-meaning accountants, bankers and consultants urging them to do so, many Canadian farm families don’t have a plan in place to transfer ownership between generations. It could be the word succession that’s getting in the way. This can imply an abrupt change, when the older generation is booted out to pasture and… Read More