When people want some influence and agency to try something new, and are faced with “This is the way the grandparents always did it,” enthusiasm and creativity can be dampened.
Tag Archives transition planning
Consider new ideas on the farm with a learner mindset
Farm Family Coach: It’s still wise, though, to seek mentors’ wisdom rather than have to relive past mistakes
Grandma, stop hurting your family’s farm transition
Seeds of Encouragement: Hard commitment to a late spouse’s wishes may not align with what’s now happening in the business
The situation: A mom is not willing to consider that her dead husband’s wishes — which she wants to honour – may not be the best direction for the farm or the family in the current situation of 2025.
Get great transition plans in place now and make my heart sing
Seeds of Encouragement: When you let go of things, you need something to move toward
Thirty years ago this week I published my first column with Grainews. It has been an honour to hear stories from readers on the steps they have taken to better their lives.
Parents retiring, leaving farm to two sons
Farm Financial Planner: A sale of personal assets to a farm corporation is subject to a now-increased capital gains exemption
A couple we’ll call Jared, 68, and Leanne, 66, from eastern Manitoba, have built a successful grain farming operation. They have three sons: Josh, 40; Craig, 38; and Shawn, 36. Jared and Leanne want to work toward retirement. The plan is to have Josh and Craig take over. Josh and Craig have both been farming […] Read more
Watch your words
Seeds of Encouragement: Self-defeating language can kill transition conversations and affect your mental health
Recently in one of our amazing membership coaching calls a farmer sighed loudly about his transition frustration and said, “It is what it is.” This sparked a lively conversation about how we handle our mental well-being, which is often bathed in waves of frustration as we try to navigate the needs and wants of founders […] Read more
Great questions to uncover inheritance expectations
Seeds of Encouragement: Keeping a farm intact can complicate the process, but not insurmountably so
One of the key fears of aging farm founders is the conflict they anticipate when the farming heir has access to millions of dollars of land, and the siblings who are off to other careers do not have the same net worth opportunity in their future. Or do they? Firstly, where it is written that […] Read more
Using common ground for written agreements
Seeds of Encouragement: Put intentions and interests into well written words before change inevitably comes
I hope you are reading this on your phone while waiting in the field, which would mean #plant2024 conditions are perfect to go. The type of “common ground” I refer to in the headline is not your soil; it’s the things everyone on your farm team is committed to work toward. As mediators in conflict […] Read more
Finding a ‘bridge’ over transition waters
A will or partnership agreement is important, but is not a farm succession plan
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
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
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
Create more financial transparency with your farm team
Farm partners need to be able to be frank about their financial realities
Where is “You don’t talk about money!” written in the farm family rule book? Recently on a coaching call, a farm family admitted a huge “undiscussabull” within the family had caused great stress to their over-40-year-old son. This non-farming son did not have any clue about the profitability of the farm, what the parents needed […] Read more
Cyber-Savvy Farmer
