The process of transitioning a farm business from one generation to the next is often filled with obstacles and patches where progress seemingly bogs down in the mud. Generally, the stickiest areas are the ones that come with the potential for conflict, explains farm family business coach Elaine Froese, in the interview below. “The two biggest things… Read more »
Tag: Elaine Froese
MYFB — Ep 21: Marrying Into the Family Farm
Family farms involve a complex interaction between two worlds — the family and the business, and both these worlds are impacted when a new person arrives. This person can be the glue that keeps things together, or the dynamite that blows things apart. We’re talking about what happens when a son or daughter-in-law marries into… Read more »
Matching the Best Person for the Job — It’s Not Always Who you Think
When’s the last time you sat down and thought critically about who does each job on the farm? I mean REALLY thought about it? Certain roles typically go to certain people within a farm — dad might be the lead combine driver, or always driving the seeder, while sons and daughters may have to work… Read more »
The Three C’s for Managing Conflict in Farm Families
Periods of conflict between family members will make or break a family farm. That’s why it’s important to address conflict like any other risk to a farm business, says a well-known farm family coach from Boissevain, Manitoba. Elaine Froese described the three C’s for managing conflict as part of her presentation at the Ag Excellence… Read more »
Succession Stressing You Out? Elaine Froese On Doing Your Homework Ahead of the AgEx Conference
I suspect there are more people who’d elect for a non-necessary root canal than would like to strike up a conversation with dad about when he’ll finally hand over the reins to the farm. And that’s too bad, really, because the sooner the conversations about long-term farm business planning begin, the better chance there is… 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 »
Crop Week – Elaine Froese Discusses Family Farm Transistions
If you really examine the issues that family farms face you might conclude that they are set up to fail. I am not talking about challenges like low commodity prices or high input costs. What I mean by this is that families that farm together really face tough battles that are different than regular corporate… Read more »