The growing sophistication of farm operations is reshaping farm transitions, and the challenges they face demand our immediate and strategic attention.
Tag Archives farm transition
Proactive succession planning key to success
Whether the decision is to sell the farm or save the family legacy, it’s important to start planning process as early as possible
Farmer brought governance skills to the table
Alta. man started in pharmaceuticals while also putting together a farm that he will pass on to his daughter and son-in-law
CAMROSE, Alta. — Health rather than a grand retirement plan pushed Ed Gaudet away from the farm he loved. “I got off the combine Oct. 2, 2023, and two days later I was old. I was shuffling and a little faint in the head and walking kind of funny,” said Gaudet, 84, of Camrose. “That […] Read more
Farm transition service offered
Loft32, an agricultural communications company, has launched a new farm transition service. Called Farmers’ Bridge, it provides online training and assessments for families that want to develop a farm transition plan. A series of three to five minute videos feature experts answering common succession questions such as “what is Canada’s farm rollover rule” and “what’s […] Read more
Fair transition can require creativity
Estate planning specialist says families must recognize that everyone involved in the process has different perspectives
LACOMBE, Alta. — When farm families need strong medicine to help solve their farm estate challenges, they call the Farmacist. Reg Shandro has talked to farm clients for more than 20 years, helping to find the correct remedy for a successful farm transition. Shandro has broken his estate planning into four themes — perspective, fair, […] Read more
