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June 20, 2019

Funding the future: Discussing retirement in transition planning

While a succession plan is still uncommon, a retirement plan is not. Sixty-nine per cent of survey respondents answered yes when asked if the farm’s current owner has a plan in place to fund retirement.

Financial support for young farmers a barrier for transition

The lack of financial support for young farmers is one of the barriers to transition planning. However, several organizations recently announced programs to help young farmers fund their futures.

Canadian farmland values steadily climb in 2018, FCC report says

In all provinces, except for Nova Scotia and Newfoundland and Labrador, average farmland values increased. Quebec experienced the highest increase, followed by Saskatchewan and Alberta. The rising cost of farmland squeezes margins but also increases the interest for ownership among family members.
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Succeeding at Succession

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Finances before transition?

Finances before transition?

What if the operation isn’t stable? How can succession be more accessible for upcoming farmers? We’ve collected a few of the comments left from the Ag Succession Survey dealing with financial, tax, and business barriers that come up during the farm transition process and posed them to family farm coach Elaine Froese. » Read more...