GFM Network News

More News →

Tag Archives succession

A farm’s founders and successors alike need clarity of expectations.
Columns, Farm Life

Write the first draft now for your next chapter

You no longer have the luxury of avoiding hard conversations

By
Imagine how wonderful life would be on your farm if you did not have to guess what other folks on your farm team really want for their lives, and for the farm business? I had the great joy of speaking to 540 young Iowa farmers last month. Many of them are stuck in getting equity […] Read more
One marker in a farmer’s life should be to set up a succession plan that keeps family bonds intact.
Features

Finding a ‘bridge’ over transition waters

A will or partnership agreement is important, but is not a farm succession plan

By
Maggie Van Camp understands the challenges as well as the tremendous value of farm succession planning. She’s been on that road a couple of times in her life as a seventh-generation Ontario farmer, as well as a communicator and agricultural consultant. The first time was after the sudden death of her husband in a farming […] Read more
Under the legislation, farmers can now sell farm shares to their children, creating a shareholder loan.
Features

How to reduce the tax load on a farm succession

A Manitoba MP's bill is considered a game-changer for farm transition — if you know how to use it

By
Glacier FarmMedia — Taking advantage of the revamped federal Bill C-208 can provide you with some significant tax savings when drafting family succession plans for your farm. C-208 was initially introduced as a private member’s bill by Manitoba MP Larry Maguire in 2021. The bill sought to amend the federal Income Tax Act to exclude […] Read more
Family members’ unspoken expectations can turn out to be “the silent killer” of a family farm, FCC’s Tim Lang says.
Features

Plan now for a farm’s future

FCC business advisor Tim Lang offers advice on what families need to consider in transition planning

By
With Canada’s farm population aging, it stands to reason transition planning would be a high priority for farmers in this country. But that doesn’t appear to be the case. Despite 60 per cent of Canadian farmers being age 55 or older, fewer than one in 10 have a written transition plan, according to Farm Management […] Read more
parents and an adult child discussing finances
Columns, Farm Life

Get the tough and tender transition conversations started in 2024

A farm’s founders may not want the embarrassment if they see a personal net worth lower than expected

By
Seven years ago, here’s what I said about getting transition conversations started: Show up as adults to attack the issues, do not attack the person who is delivering ideas for change. Understand transition is a journey of many plans, with communication as the foundation. Spend some quiet time with yourself thinking about what you truly […] Read more
Andrea Borodenko and Antoine Casimir have acquired Quebec’s Production Lareault.(CNW Group/Production Lareault)
Crops, Fruit/Vegetables

Major strawberry plant producer changes hands

New owners get funding to buy Lareault business

By ,
The Quebec company billed as Canada’s largest producer of strawberry plants has picked up new ownership after nearly 70 years. Production Lareault, based on just over 450 acres at Lavaltrie, Que. — about 40 km northeast of Montreal, in the province’s Lanaudiere region — has been acquired by investors Antoine Casimir and Andrea Borodenko for […] Read more
Photo: StockSeller_ukr/istock/getty images
Farm Life

Honest communication: The key for farm succession

Unsure of your future on the family farm? Helping Dad share his emotions can achieve clarity for all

By
The green of spring and summer in this country goes by far too quickly. Our eldest granddaughter turned six two months ago, which means I have just 12 summers left before she launches at 18. Yes, time is going by, and many farms may share this situation. As Mom and Dad age on the farm, […] Read more
Martha would like to retire next year. However, if she does that, she fears she might run out of money one day. Estimating income for her long life ahead is a challenge.
Columns

Options for a widow to retire and keep the farm in the family

The farm continues, Mom’s retirement is secure and assets provided for non-farming kids

By
Martha, as we’ll call her, is a 51-year-old widow. She owns 3,100 acres in southeastern Manitoba. Her daughter, who we’ll call Alice, is 30. Alice wants to continue the family farm, although her siblings, a brother and a sister, want to continue with their town jobs. Planning this generational transfer is complex. Martha’s personally held […] Read more
(JJ Gouin/iStock/Getty Images)
General, Machinery, Markets

International farmers may ease Canadian human capital crunch

A global retirement crunch is coming and Canada is ill prepared, report says

By
As other nations reduce their agricultural footprints in an effort to boost sustainability, their loss could be Canada’s human capital gain, a new report suggests. “The immigration of scientists, data engineers, and entrepreneurs has been recognized as critical to Canada’s growth. A similar approach needs to be adopted to attract farmers,” the authors wrote. The […] Read more
Choosing not to talk or giving your family the silent treatment is a decision with painful consequences, as you don’t have input in the wealth transfer decision process.
Columns, Farm Life

Froese: Reduce family friction

How to get your non-farm siblings on board with your farm vision

By
Are your aunts and uncles still talking to your farm parents? Do you have a broken branch of your family tree that has been severed forever due to estrangement? Would you like to have a healing story for your farm family transition with no drama? “The Farmland Dilemma: Help! The Siblings Who Don’t Farm are […] Read more

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

Sponsored By:
More Videos →

Cyber-Savvy Farmer

Glacier Farmmedia Podcast

Latest Market News

More Market News →