GFM Network News


How to help founders let go

The transfer is inevitable so it can either be done in planned stages over time or by death

What should I do with the next 25 years? At 61, my life expectancy is 86. The math says I have a quarter of a century left to create legacy, help others transition, and mentor the next generation. I am also now a grandmother who delights in reading Penny Grace stories, rocking her to sleep, […] Read more

Farm Financial Planner: Grandchild will inherit widow’s farm

Farm Financial Planner: Grandchild will inherit widow’s farm

Managing taxes across the generations takes extra effort and a careful approach

Celeste, as we’ll call her, is 75. She lives in south central Manitoba and owns a 320-acre farm. Her husband, who we’ll call Edward, passed away earlier this year. The farm, a mixed grain and grazing operation, was profitable for many years. The couple put about $382,300 into off-farm investments over the years. Celeste’s problem […] Read more


Farm Financial Planner: Retiring farmer selling off the farm

Farm Financial Planner: Retiring farmer selling off the farm

With no spouse and a disabled nephew, this Saskatchewan farmer is ready to close up shop

In northwestern Sask-atchewan, a 63-year old farmer we’ll call Rorie runs a mixed grain and cattle operation on 12 quarters of land. Helped by Sam, his 43-year old nephew, Rorie, who has never been married, keeps five quarters in wheat and oilseeds and grazes 80 cows on the remaining seven quarters. Rorie has a lot […] Read more