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TOPIC

Retirement

Navigating rising interest rates and inflation during transition

https://www.fcc-fac.ca/en/knowledge/rising-interest-rates-inflation-transition.html

Four ways farmers in transition planning can manage rising interest rates and inflation.

Why retirement and transition should always be top of mind

https://www.fcc-fac.ca/en/knowledge/retirement-and-transition.html

Take proactive steps towards farm transition early and include the next generation in the process.

Moving back to the farm? 4 big questions to answer first

https://www.fcc-fac.ca/en/knowledge/moving-back-to-farm.html

Taking time to consider what moving back to farm means for parents and adult children can help make the transition easier.

What to consider before you stop farming

https://www.fcc-fac.ca/en/knowledge/before-you-stop-farming.html

Knowing the right time to stop farming is no easy task – but it’s made easier by having a good grasp on your financial picture and a solid plan in place.

Farmland renters may enjoy added growth and opportunities

https://www.fcc-fac.ca/en/knowledge/economics/farmland-renters-growth-opportunities.html

Renting land can mean faster growth, better cash flow management and a successful farming operation.

Selling to the neighbours? How to set up a win-win farm sale

https://www.fcc-fac.ca/en/knowledge/buying-neighbouring-farm.html

The Smiths thought an equipment auction and land rentals were the way to go on retirement, until a conversation with a neighbouring farm family made them rethink their options.

Re-imagining retirement as a new start

https://www.fcc-fac.ca/en/knowledge/re-imagining-retirement-as-a-new-start.html

Consider retirement as a career change and take the same steps to plan for it as if starting a new business.

The financial realities of farm retirement

https://www.fcc-fac.ca/en/knowledge/the-financial-realities-of-farm-retirement.html

How much money does a Canadian farmer need to retire? According to farm finance and transition experts, it depends primarily on the intended lifestyle and a personal definition of financial security.

Does retirement seem impossible?

https://www.fcc-fac.ca/en/knowledge/does-retirement-seem-impossible.html

There are many factors that impact a senior partners’ ability to retire from the farm. In Episode 1, we look at questions to answer and the roles transitioning to retirement.

Dividing assets between farm and non-farming kids

https://www.fcc-fac.ca/en/knowledge/dividing-assets-between-farm-and-non-farming-kids.html

Parents are often hesitant about dividing estate assets fairly between farm and non-farming children. In this episode, we look at ways to achieve this while keeping the farm stable.

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