GFM Network News


How to pass on and preserve the family farm and generate retirement income

A couple puts an equitable plan in place for their children, only one of whom will continue to farm

A couple we’ll call Harry, 53, and Martha, 50, farm 5,500 acres in Manitoba’s Interlake region. They have three children ages 19, 20 and 24. Only the eldest, who we’ll call Bruce, is interested in taking over the farm one day. The other two see their destinies in what could be called town jobs. The […] Read more

Procrastination is killing agriculture. Way too many families are drifting with no clarity of expectations of each other or the future.

Froese: How to help founders get transition plans moving

Now is the time to check your mindset and consider how you can create certainty for yourself and the next generation

Long harvest hours give you time to think about what is working on your farm and what needs to be tweaked. Our thoughts drive our actions. It’s time to check your mindset to consider how you can create more certainty for yourself as the owner, and the next generation that wants a piece of equity […] Read more


Froese: Risk, choice and opportunity — your farm’s transition

Start by looking at the challenges, creating solutions and beginning the process with a trusted adviser

Late last year I decided to stop listening to sad farm transition stories, proposing a new hashtag for Twitter #healingstories4ag. “Succession planning would be considerably less difficult if the long-term stability of the agricultural industry was more predictable. Given the current hurdles, long-term profitability is very uncertain! I do not wish to transfer an operation […] Read more

Farm Financial Planner: Farm transfer could lead to “hobby farm” status

Passing on an unprofitable farm can raise tax challenges for the next generation

A couple we’ll call George and Mary have farmed in south-central Manitoba for the last 35 years on a third-generation family farm. Each is 60 years old. Their dilemma is generational transfer. Their issue is the fundamental low level of profitability that could, if not handled properly, cause the farm owner to lose their ability to […] Read more


You have to share what’s in your head with your farm team. People can’t read minds.

Love does not read minds

You need to share what’s in your head and heart so have those farm transition discussions

An amazing group of Alberta farmers shared their deepest fears with me at the 2018 Agriculture Service Board Conference. They texted me their biggest issues regarding fairness in transition planning. I thought you might like to see what resonates for you in this list of texts (no particular order). What I have had to come […] Read more

Winter is a good time to review farm transition plans.


Finding fairness in farm transition

How are your plans unfolding? Now is the perfect time to check on this

Winter is a great time to take a fresh look at how our plans are unfolding. As a speaker, it’s also a season of meeting and greeting many stressed-out farm families who are seeking solutions to being stuck. BDO’s Jim Synder has a daughter who thinks that families who see fairness defined as “helping everyone […] Read more


The power of a letter to get unstuck

Sometimes we have to go back to basics in order to keep healthy change happening on our farms. Lately in my transition seminars I have been encouraging frustrated young farmers to write a letter of intent to their founding parents. People who are stuck with a large degree of anxiety and overwhelm from not knowing […] Read more

Coming to the table to talk about farm transition

Farmers often stop me in the hall of conferences to ask deeper questions that are keeping them awake at night. The most common question is, “Elaine, how do we even get people to the table? My parents are refusing to talk, and my grandparents are even more stubborn!” Farm families are stuck because they give […] Read more