Transition Preparation

If a farmer dies without a will, knowing the nuances of provincial estate law regulations can save survivors money.

It’s never too early to start discussing financial basics and giving your kids opportunities to learn the business side of farming.

Farming opportunities come in many forms. For the Payne and Steele families, the least expected way forward ended up being the very best.

When it comes to transition planning, farm and non-farm businesses have many things in common. Transition expert, Nevin McDougall shares best practices for both.

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.

Joining the operation as a junior partner takes grit, work ethic and a solid plan to show your value. Family business consultant Jolene Brown shares lessons every next gen in a transition needs to know.

How does transition planning begin? By broaching the subject, of course.

Legal agreements are important, but rarely used on the farm. In this episode, we explore why you need them, which ones to consider and why a handshake is not enough.

Are you operating a family-first business or a business-first family? Family business consultant Jolene Brown breaks down these concepts and why it’s important to know the difference.

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.