Producers say it makes sense for them to hire ex-farmers at harvest because of their experience: ‘they just figure it out’
FAIRVIEW, Alta. — It’s been 14 years since Nigel Cleland sold his farm, but each fall he takes time away from his trucking company to help out other farmers harvest. “It still connects you back to the farm. I enjoy being part of a team and the camaraderie it brings,” said Cleland of Fairview. For […] Read moreTag Archives after the farm — page 4
Retirement planning must start now
Retired couple say they started working on a plan three years before retirement, and that probably wasn’t enough time
Retirement planning can be difficult for many farmers. Getting started on building up savings and talking about retirement goals often doesn’t start soon enough. For Reginald and Theresa Nelson knew they could not continue their Rockglen, Sask., seed cleaning and 2,000-acre grain and certified seed operation because of Reginald’s health. But selling their operation and […] Read more
Income can continue after retirement
Different income streams can improve financial stability, whether it means an investment portfolio or continuing to work
When Reginald and Theresa Nelson started looking into their retirement plans, being financially stable was their biggest concern. No one wants to retire wondering where their money is going to come from, but retirement doesn’t have to mean that they stop working. While Reginald was not healthy enough to continue their Rockglen, Sask., seed cleaning […] Read more
Get a handle on expense and income streams
It can take a great deal of work to figure out ahead of time what ‘living within your means’ will involve after retirement
Russell and Terri Bruce are excited about their farm auction this fall. After decades of farming near Tuxford, Sask., and their last harvest in 2019, the couple looks forward to closing their operation and spending more time with their grandkids. To do that, planning their retirement, including their budget for the coming years, had to […] Read more
Call a financial planner before retirement
Farmers advised to set aside money for insurance and investment needs off the farm long before discussing retirement
When it comes to planning for their retirement, farmers rarely go to financial advisers asking for a plan. At least, that what Colin Sabourin, a financial planner with Hemmett Anseeuw and Associates of Winnipeg, sees when he works with farmers. Sabourin sees a trend of farmers whose retirement plans are selling off their assets when […] Read more
Know what you want to get from retirement
Identifying expectations can help map out suitable investments based on goals rather than just risk tolerance
What do you want out of your retirement? Being on the verge of retirement, Russell and Terri Bruce are taking this question seriously. Of course, their family is the biggest priority but visits cost money for travel and other expenses. The questions of what you want out of retirement and how you intend to pay […] Read more
Some people divorce and some people don’t
Not all of Clive Tolley’s clients want a divorce. Some just want some space. “I’ve had several clients that have got to a time in their life where they just wanted to have some independence and do some things they wanted to do and didn’t get a chance to do. They kind of still love […] Read more
Family establishes on-farm cemetery
Don Eirickson acknowledges that his family’s decision to establish a cemetery on the farm may not be one everyone agrees with. “Some people might think we’re a little bit off the wall but we’ve never regretted it,” he says. The Eirickson family cemetery is on a slight knoll overlooking a lush green pasture and the […] Read more
Who can buy your farm?
Rob and Grace were a few years away from retirement when one of the “neighbour kids”, who was now an adult, pulled into the yard one day fresh from the rigs and driving a shiny new truck with an offer to buy their farm — a very substantial offer. Rob might have gone for it. […] Read more
Ownership trends tracked
A study involving three universities tracks the changing pattern of farmland ownership in three Saskatchewan rural municipalities. The work was conducted by Andre Magnan at the University of Regina in collaboration with Annette Desmarais at the University of Manitoba and Darrin Qualman and Nettie Wiebe from the University of Saskatchewan. It is titled Land grabbing […] Read more
