Current Owners
For many current owners, succession planning is synonymous with retirement planning. The Ag Succession Survey looked into how farm owners are expecting to fund their future.
At the end of the Ag Succession Survey, respondents had the opportunity to leave final comments about the topic of succession planning. We’ve collected a few of these questions and comments and posed them to an expert.
At the end of the Ag Succession Survey, respondents had the opportunity to leave final comments about the topic of succession planning. We’ve collected a few of these questions and comments and posed them to an expert.
To better understand the results of the Ag Succession Survey, it’s important to understand who answered the survey.
Succession, or transition, planning is a topic that is always present in agriculture – but quite often, the formal transition plans are not.
Average farmland value in Canada continued its steady climb in 2018, driven by fewer, but more strategic investments by producers.
Ontario is looking into ways to streamline licensing for farmers and processors to reduce regulatory burden.
More farmers are concerned with the burden of red tape compared to 10 years ago (77 per cent in 2008, compared to 81 per cent in 2018) according to findings released on Jan. 24, 2019 by the Canadian Federation of Independent Business (CFIB) during the 10th annual Red Tape Awareness Week.
Through the months of February and March, Top Crop Manager, Fruit and Vegetable, Canadian Poultry, Manure Manager and Potatoes in Canada – the agricultural magazines published by parent company Annex Business Media – polled their readers to find out their opinions on their succession plans and the future of farming in Canada.
An aging population and increasing farmland values are the perfect breeding grounds for consolidation, making the modern farming landscape filled with massive farms that rely on technology and scale to make money in a low-margin game. 
Succession planning can be a daunting task for farm owners – especially for those who don’t have any qualified successors to take over over the operation.
Bryan Maynard says his grandfather, a Prince Edward Island potato farmer, didn't start talking about retirement until he was 80 years old and had been diagnosed with dementia.
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.
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