Bachelor farmer seeks retirement plan

Farm Financial Planner: With no spouse and no children to take over the farm, this single farmer needs to decide when he can retire, then create his retirement and inheritance plan

Fred, as we’ll call him, has farmed in central Manitoba for four decades, often adding to farm income by working for his neighbours. Over time, he has sold off parcels of his operation — once 480 acres — and is now down to 160 acres. He uses his land for producing hay, custom grazing and […] Read more

Young Manitoba farmers plan their lives

By planning early and including an off-farm pension,
 this young couple will have a secure retirement

A couple we’ll call Roger and Martha, both 29, farm in southern Manitoba. They have combined income of $160,000 a year based on Martha’s town job, which pays $90,000 a year, and Roger’s work on his family farm and his own part-time farm operation for which he draws $70,000 a year. Life is good for […] Read more