Succession expert, Dr. John Fast offers advice for navigating the tricky emotional dynamics to create a healthy family farm transition everyone can agree to.
Transferring the farm to the next generation can be emotionally and logistically complex for everyone involved. A transition planning expert offers advice for making it easier.
In a farm transition, things don't always go as expected. A good plan should be a living, evolving process that can handle the complexities.
A key step in farm transition is understanding the finances of the farm operation and people involved. Answer these questions to help form a clear picture of your current situation and desired financial vision.
Farm business owners can choose from a number of valuation methods to make good decisions around the value of their operations.
Learn how one family created a farm transition plan that gave them a clear roadmap for future operation success.
Understanding the farm business value is useful for more than just sale situations. Financial experts say both general assessments and more in-depth business valuations are practical in multiple ways, including developing tax and transition plans.
A New Brunswick egg farm family is preparing to transition to the next generation. But it wasn’t always clear that would happen.
If you're part of a farm transition, sharing your knowledge and skills is important. Here are 6 questions and tools to make the process easier.
Proactive business planning requires more than one annual visit to the accountant.