Current Owners
Who should be involved in planning your family farm’s transition of labour, responsibilities, management and ownership from one generation to the next? When should the different players be brought into the process? And what should their roles be in the process?
Succession planning can seem like an overwhelming task. All succession plans encompass legal, financial and operational elements, but there are as many variables as there are differences in farms and farm families.
Léona Dargis was only 22 years old when the unthinkable happened: her parents and grandmother were killed in a plane crash, leaving Dargis and her four younger sisters alone on their family farm in northeastern Alberta.
Last month Statistics Canada released the results of the 2016 Census of Agriculture. Like many of you, I was eager to read up on the results and discover how our industry has changed in the five years since the last survey was conducted.
Succession planning involves transferring not just the ownership, but also the management of your farm to ensure its continued smooth operation and profitability.
There are two main parts to developing a succession plan: (1) the "process" - discussing it, thinking about it, researching options, planning, deciding and (2) the "documentation" - recording the decisions through a written succession plan.

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