The future is a vital component of farm succession planning

I read some statistics on farm succession planning the other day. It caused me to think about a conference on succession planning I attended in 1999. People and presenters quoted statistics about the average age of the Canadian farmer being about 57, if I remember correctly — something close to that anyway. There was also […] Read more

Clear communication eases farm transition

Many farm families deal with difficult issues by not dealing with them, which means avoiding them until somebody dies

Farm succession plans are sometimes never written because farmers are coping with false ideas and deep emotions. But those factors can be handled with open communication and the right advisers, says farm family dynamics expert Elaine Froese. “We’re not just dealing with numbers and balance sheets,” said the Boissevain, Man., farmer, who has long coached […] Read more

Bob Tosh of MNP’s Farm Management Consulting Group says formalizing a process for farm transition will help families deal with the “fair versus equal” dilemma.  |  File photo

Farm transition needs tough conversations

A farm management specialist says succession planning must be emotional but it also requires a formal process

Satisfying all the members of the family tree during a farm transition will take an emotional investment by the farm owners, but it will also take discerning decision-making that requires formal planning, says Bob Tosh. “You’re not going to go through any kind of intergenerational transition without actually getting emotional about it. And if you […] Read more


Stacey Wiebe, left, and Dale Maier are taking over the farm from Hélène Tremblay-Boyko and Al Boyko.  |  Supplied photo

Unique farm succession plan moves forward

A Saskatchewan couple hand-picks their successors, ensuring the operation is farmed the way they would prefer

While all succession plans are unique, one playing out on the farm of Al Boyko and Hélène Tremblay-Boyko near Canora, Sask., could be described as more than a little outside the box. Readers met the couple in The Western Producer two years ago. At that time they were looking for a young couple who would […] Read more

The sooner your succession conversations happen, the better. Farm families should start writing down what the deal looks like to ensure everyone is clear on the terms.  |  Getty illustration

Succession planning crucial for financial sustainability

Tough decisions and conversations will need to be made, say experts, but it will ensure a smoother transition

Families that are beginning the process of transitioning the farm should follow a number of general rules for it to be financially sustainable, say tax specialists. The key to any succession plan, no matter what stage it’s in, is communication between family members, said Riley Honess, a senior manager in tax with KPMG in Lethbridge. […] Read more


A farm asset transfer crisis is looming on the Prairies

According to Agriculture Canada the total value of farmland and buildings in Canada amounted to $427.9 billion in 2016. In the same year, the total value of farm machinery and equipment owned and leased by farm operators added another $53.9 billion to the asset base. The fastest-growing age group in the farm population was operators […] Read more

Filmmaker Brina Romanek talks with Jim Giffen, the subject of her documentary.  |  Katie Sadie photo

Documentary delves into farm succession

Filmmaker focuses on the story of a retiring Ontario farmer who is passing on his operation to a non-family member

Filmmaker Brina Romanek was working on a project about food waste in Canada when one of her subjects showed her how many farms in the area were not being passed down to the next generation. It sparked an interest in her, and also anxiety about what it would mean for farming’s future. The feeling was […] Read more

Farmers with children who will eventually inherit the farm but do not necessarily want to farm it may consider transferring the land to those individuals. This can be done in a couple of ways.
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How to pass on land to non-farmers

Estate plans are key when trying to figure out how to keep non-farming children involved in the family operation


Farmers with children who will eventually inherit the farm but do not necessarily want to farm it may consider transferring the land to those individuals. This can be done in a couple of ways. In Saskatchewan, for instance, land can be held by multiple individuals in two ways: as joint tenants or as tenants in […] Read more


A farm succession expert says too many families fail to consider the long-term consequences of transitioning all or most of the operation’s equity to one child.  |  Getty Images photo

Make tough decisions now

The demographics of Canada’s family farms are changing. That means there’s a need for new attitudes toward farm succession planning, said Brent DeKoning, a farm succession expert with Lorkovic Wealth Management. “Over 50 percent of the farmers in Canada are … 55 and older,” DeKoning said during a recent web seminar, sponsored by Farm Management […] Read more

Finance Canada is holding consultations this month on how to enable intergenerational farm transfers.
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Government gathers input on intergenerational farm transfers

The Canadian Federation of Agriculture continues to push for a comprehensive review of the Income Tax Act

MOOSE JAW, Sask. — Finance Canada is holding consultations this month on how to enable intergenerational farm transfers. Canadian Federation of Agriculture vice-president Norm Hall said the department committed to the consultations after efforts last summer and autumn to overturn proposed federal tax changes that would hinder farm transfers. He told the Farming For Profit? […] Read more