family farms Archives - Page 6 of 6

Five habits for a successful farm succession

Unresolved conflicts destroy family businesses. Plan ahead to help your family through the farm succession minefield 

By Michael Flood April 28, 2015

Dr. John Fast, a business planning consultant, bills himself as “The Family Business Doctor.” Judging from the size of the crowd at his talk at this year’s FarmTech Exhibition in Edmonton, lots of farmers are seeking his prescriptions. His presentation, “The Ultimate Management Challenge: Succeeding At Succession,” addressed one of the most difficult parts of running a family […] Read more

Farmer sitting in tractor wheel with wheat in hands

FarmLife

Stopping the shame game

No one can function well when they always feel like a failure 

By Elaine Froese February 20, 2015

We sat crowded a round the kitchen table less than a stone’s throw from the main farmhouse, two young frustrated farm couples and me, the farm coach. My eyes met the eyes of a daughter in-law (DIL) whose ready tears were about to roll as I explained that sometimes in the culture of agriculture there […] Read more

Columns

Keep the money in the family

Farm Financial Planner: Family finds way to transfer financial gains from farming on to the next generation

By Andrew Allentuck December 17, 2014

A couple we’ll call Jack and Mary Walrosser, 35 and 34, used to farm with Jack’s family in central Manitoba. Jack’s father Harold and Harold’s wife Beatrice, both age 61, farm 960 acres of pasture and oilseeds. Life has had its challenges. Harold had contracts to produce pregnant mare’s urine for the pharmaceutical industry. Those […] Read more

family standing in front of a Christmas tree

Canola, Cereals, Crops, Features

Farming was the right choice

After 40 years of farming, Blair Rempel knows he made the right choice when he chose to come back to the farm

By Shirley Byers November 10, 2014

Blair Rempel has been farming for almost 40 years. The Nipawin area producer and seed grower earned his diploma in agriculture at the University of Saskatchewan, in 1976. He considered other careers but always came back to agriculture. “The things I found attractive was a certain degree of independence and the satisfaction of building your […] Read more

Columns, Guarding Wealth

Farm financial planning: Trusts can increase family trust

Trust avoids family infighting for retiring Manitoba couple aiming to keep  their land in the family, but also keep their kids still talking to each other

By Andrew Allentuck November 4, 2014

In south central Manitoba a couple we’ll call Harry and Ella, both 64, face the challenge of transferring their 3,500 acre mixed grain and 400 cow operation to their three children. The problem is that two of the children, each in the 30s, don’t want to farm. It’s a good business worth about $4 million. […] Read more

Columns, Farm Life

Success or mess?

In the third part of a series on succession planning, Management Minute focuses in on the family

By Andrew Deruyck, Mark Sloane May 14, 2014

In our introductory article to this series we looked back over our last 10 years identifying successes and messes we’ve seen in business transitions. We developed an extensive list of reasons why those transitions were successful or what caused them to go off the rails. We grouped this list into five key areas that captured […] Read more

U.S. grains: Soy, corn futures weaken on harvest pressure, firm dollar

U.S. livestock: Cattle futures higher, though traders uncertain about demand

Feed Grain Weekly: Corn prices steady, barley harvest slows

GFM Network News

U.S. grains: Soy, corn futures weaken on harvest pressure, firm dollar

U.S. livestock: Cattle futures higher, though traders uncertain about demand

Feed Grain Weekly: Corn prices steady, barley harvest slows

Tag Archives family farms

Five habits for a successful farm succession

Stopping the shame game

Keep the money in the family

Farm financial planning: Trusts can increase family trust

Success or mess?

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