Farm Management Canada and the Canadian Association of Diploma Agriculture Programs are collecting submissions from agricultural students across Canada and will award three winners with $1,000 towards furthering their education in agriculture. The award is designed to help students develop their communication skills by having the opportunity to voice their opinion on a subject related… Read More
Category: Succession Planning
Earlier this spring while having a nice quiet breakfast at a hotel restaurant, I overheard a very disturbing, but common conversation. Let me set the stage (table?) for you: There was a couple in their 70s sitting at the table beside me chewing away at their eggs Benedict when the husband says to his wife,… Read More
Recent growth in farm land pricing has outpaced land’s earning capacity. What does this mean for the farm? It means, among many other things, that land is more than even before an indicator of wealth and a business asset in the farming economy. This is good news for farmers who own land, however, it creates… Read More
By Terry Betker This is a fantastic time to be entering (or be in) the business world, because business is going to change more in the next 10 years than the last 50. We always overestimate the change that will occur in the next two years and underestimate the change that will occur in the… Read More
By Terry Betker When the planets align and the growing season weather is perfect, and there are production shortfalls in other parts of the world and the markets respond positively, and when you’re able to price into market highs, life on the farm can be very rewarding. A possible scenario? Perhaps, but likely it’ll only… Read More
Stuck in some pricey land rent agreements? Worried that falling crop prices can support recent land payments? You’re not alone. Merle Good, farm business consultant and farm succession expert, is set to present at the very first CropConnect conference set for February 18 and 19, 2014 at Winnipeg, Man. In the audio interview below, Good… 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
If you haven’t yet registered for FarmTech, Rick Taillieu would like you to soon, because the event will likely sell out and you don’t want to miss this conference. Held at Edmonton’s Expo Centre and running from January 28 to 30, 2014, FarmTech features over 60 concurrent speakers, and you won’t want to miss the… 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
Feedback from last year’s Advanced Farm Management Program was overwhelmingly positive. So much so in fact, that the program has expanded to three different locations in Ontario. This year, Guelph, North Gower and Chatham, Ontario will host the program, giving participants in each location a chance to bring their farm management skills to the next… Read More