“Farm succession is a journey, not an event.” That’s the key message farm succession expert Len Davies has for farm families in the final episode of Agricultural Management Institute’s (AMI) new five-part video series. In the earlier episodes, four farm families shared their personal insights on what made their farm succession plans work. In the final episode,… Read More

Many farmers consider the farm to be their retirement nest egg. Of course the farm will play a significant role in funding retirement, but relying solely on farm assets can create challenges when it comes to farm succession. “You can run into trouble if you put all your eggs in one basket,” says farm succession… Read More

Succession Saga Part 3 - Your Exit Is All About Timing in the Family Business

By Dick Haney Whether You are Entering or Exiting a Business as General Manager, Timing is Everything. “You got to know when to hold’em, know when to fold’em, know when to walk away, know when to run.” Probably many of you have identified these words as part of a song written by Kenny Rogers called… Read More

When is the Right Time to Start Talking About Family Farm Succession? - Elaine Froese

When we think about the threat to family farms we might talk about industry consolidation, farm commodity depreciation, access to qualified workers, rising input costs or market volatility.  All of these things are threats to the survival of Canadian family farms but maybe the biggest threat was not included in this above list. In my… Read More

Farm Management Canada is hosting free, one-day farm business practices assessment workshops across Canada beginning later this month. The workshop, Seeding Success: Assess, Act, Achieve!, is open to all Canadian producers and farm families and management teams. The workshop is funded through the Canadian Agricultural Human Resource Council, as part of the Sectoral Workforce Solutions… Read More

Farm business transition is not a new challenge or opportunity for the agriculture industry, but there’s been an increased level of coverage and discussion about it in mainstream media following a well-publicized report by RBC highlighting the challenges earlier this spring. At RealAgriculture and RealAgristudies, we are very interested in this topic and how it impacts… Read More

For any farmer, focusing on learning and development allows them to continuously improve in a vast amount of areas. As agriculture evolves, so do agronomic practices, risk management tools, and technological advancements. By constantly learning and expanding their skillset, farmers can identify new opportunities, increase profitability, and productivity.  Developing new skills can also improve problem-solving… Read More

The Successors is a RealAgriculture podcast series hosted by Kara Oosterhuis focusing on agriculture from the perspective of the up-and-coming generation. How do you make the call on what technology to keep up with? When is the “right time” to get involved with politics? And who do you involve in your succession planning conversations? Gerrit… Read More

One of my favourite parts about December is looking back at the year and reflecting on the past 12 months. Of course there are always personal aspects to it, but what I especially like doing is looking back at some of the great conversations I’ve experienced through my job here at RealAgriculture. I’ve compiled a… Read More

Succession planning isn’t just for farms — it’s important for every business. A few years ago, Josée Lemoine brought her business, Pivot Performance, into the Backswath Management fold. As planned, Backswath founder Terry Betker is now stepping down (but not away) from leading the business, as Lemoine will step up to lead the company as… Read More

 

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