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Transition preparation

If you want a successful farm transition plan, start the process early

https://www.fcc-fac.ca/en/knowledge/farm-transition-plan.html

Transition planning takes more time than you think – start the process early and keep the lines of communication open.

Tales from transition: The value of external advisors

https://www.fcc-fac.ca/en/knowledge/transition-external-advisors.html

Learn from a senior partner and transition expert about the value of bringing outside expertise to the planning table.

Family farms transition for a powerful future

https://www.fcc-fac.ca/en/knowledge/family-farms-transition.html

How formalized succession plans for two family farms and mentoring to lead, grow and prosper resulted in successful transitions.

Can you simplify transition by splitting the farm into two corporations?

https://www.fcc-fac.ca/en/knowledge/transition-splitting-farm-two-corporations.html

A brother and sister discover if the “related party butterfly” process is the right move for their farm family.

How managing conflict can help you with farm transition talks

https://www.fcc-fac.ca/en/knowledge/managing-conflict-farm-transition-talks.html

Learn how to use conflict as an effective risk management tool to gain a deeper understanding of the family’s wishes for the farm.

Finding fairness with land value when transitioning the farm

https://www.fcc-fac.ca/en/knowledge/land-value-transitioning-farm.html

Transferring land fairly among on-and off-farm children can be tough. Here’s advice and questions to make the process go smoothly.

Why your farm transition plan should be a living document

https://www.fcc-fac.ca/en/knowledge/make-your-transition-plan-a-living-document.html

The last step in the transition is to embrace that it’s an ongoing process and subject to change.

Farm transition takes a team – here’s how to find the right fit

https://www.fcc-fac.ca/en/knowledge/building-a-solid-transition-team.html

Learn how to build a team of advisors who can help your reach your transition goals and vision.

Sharing knowledge - a major part of any successful farm transition

https://www.fcc-fac.ca/en/knowledge/keep-pace-with-learning-and-training.html

A major part of any transition plan is transferring knowledge and continuing to learn and build your skills – wherever you are in the process.

Why an updated will is the most important part of any transition plan

https://www.fcc-fac.ca/en/knowledge/write-a-will.html

Learn why you need a will, what to include and the differences between a will, estate plan, health directives and power of attorney.