Milt and Tash Olfert leave the dairy business and start two new ventures: one in the air and the other in the brewery
Two years ago, Milt and Tash Olfert decided to sell their dairy cows and quota and leave the dairy business. The southern Manitoba couple ran a dairy until their two children were in their 20s and could decide whether they wanted a farming career. “We could tell when they were in high school the interest […] Read moreTag Archives transition planning — page 2
Feedlot transition takes many steps
Family hopes to make process smoother by using a business tool, hiring a facilitator and holding weekly team meetings
LETHBRIDGE, Alta. — Les Wall has ownership in three feedlots and a desire to retire, so the Wall family knew they had to get serious about succession planning. The family spent years planning and thinking about the future, and then took a giant step forward by joining EOS Traction, a business tool designed to bring […] Read more
Use care and intention when forming a transition team
No two transition plans are the same. That is obvious to anyone who has read about the subject or has partially or completely navigated through the process. However, there are commonalities among lots of families and farms that manage through this important stage of the business lifecycle. One of those is that you will likely […] Read more
Transition planning best if it is made part of farm’s routine
In a perfect world, transition planning for management and ownership is built into the long-term planning of a farm. However, most farms approach it like a task; a single event or point in time that needs attention. While this approach can work, it can be improved, and doing so will likely provide long-term benefits. I’ve […] Read more
Farms encouraged to consider setting up joint ventures
A farm’s overall success in the short and long term has a number of factors, chief among them being the blood, sweat, and tears of the men and women who operate them. Many farms are in the middle of or preparing for a transition to the next generation. The legal structure of the farm (proprietorship, […] Read more
