Starting your farm transition journey? Here are resources to help

2 min read

Farm transition is different for every family and for every farm – and it’s not a one-and-done project. If you’re unsure where to start, consider FCC’s 9-step pathway to farm transition developed for Canadian ag producers to help you identify where you are in the process and what to do next. No matter where you’re at, we have resources to keep you moving forward.

Tackle your transition challenges

Review the common transition challenges below and choose the one that best reflects your situation. Explore the related pathway to farm transition step, along with resources to move you forward.

Your pathway to farm transition in 9 steps

Reference this checklist to see where you’re at in the pathway and what to tackle next. Are you further along than you thought?

Step	You’ve likely completed this if:
Prepare and identify	Key people involved know transition planning is happening Important farm, ownership and family information has been gathered
Assess current state	Strengths, challenges and readiness have been discussed Roles and responsibilities have been reasonably defined
Vision and goals	Shared vision, goals, and future roles have been discussed
Connect with experts	Needed advisors have been identified Expert support for questions in place
Will & estate planning	Current wills exist and have been reviewed recently Estate planning discussions have occurred
Build a business plan	Transition goals and decisions have been documented Timelines, responsibilities and financial considerations have been discussed
Train and develop	Knowledge transfer has been happening intentionally Successors have been building skills and experience
Align and activate	Advisors and stakeholders have reviewed the plan Timelines and actions have been agreed upon
Review and revisit	Transition discussions have continued regularly Plans have been updated as circumstances changed

Transition preparation Transition conversation