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TOPIC

Retirement

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.

Buying out a neighbouring farm

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.

The top 5 big transition planning mistakes farm families make

https://www.fcc-fac.ca/en/knowledge/transition-planning-mistakes-farm-families-make.html

Learn about the biggest transition planning challenges most farm families encounter and how to avoid them.

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.

3 ways to balance retirement with farm ownership change

https://www.fcc-fac.ca/en/knowledge/3-ways-to-balance-retirement-with-farm-ownership-change.html

Farms are expensive. For families in transition, ensuring the next generation has enough capital to buy the farm while leaving the previous generation with enough to retire can be challenging.

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