Reading Time: 5 minutes For many farmers, being a farmer is part of their fundamental nature. It’s who they are and they can’t imagine a time when they won’t be a farmer. Who hasn’t heard a farmer say they want to die farming? But the reality is that many farmers will need to exit the business whether they want […] Read more
How farmers can thrive in retirement
There isn’t a one-size-fits-all approach to retirement and planning ahead makes it much more enjoyable
Planning for retirement: Lifestyle versus finances
Reading Time: 3 minutes Farmers might not think about retirement often, if ever. But the sooner you start to think about retiring, you can minimize the impact of the adjustment when the time comes. A retirement plan should be part of the conversation when creating a succession plan. The emphasis of succession planning is typically on transferring the business […] Read more
Starting succession right
If you’ve resolved to start transitioning the farm this year, these insights can help you get a strong start
Reading Time: 7 minutes It’s no secret that many farm and ranch operations facing the prospect of transition to the next generation feel stuck and unsure how to proceed. “We can’t emphasize enough that retirement is a significant life transition that comes with a rollercoaster of challenges and emotions,” write Robert Laura and Colleen Drummond in the Modern Elder […] Read more
Attracting the right kind of capital in agriculture
Capital is required to grow the farm business but sometimes it takes an innovative approach
Reading Time: 2 minutes Agriculture’s future will rely on attracting capital. In the past, capital typically came from banks or family. But the changing demographic of farmers and farmland owners means that many farms and a tremendous amount of farmland will change hands over the coming decade. To add to the list of challenges, inflation and farmland appreciation has […] Read more
How these Canadian farms thrive
Like a roadmap, these farms are setting goals to make sure they end up at the right destination
Reading Time: 8 minutes Every January business partners DJ Wassenaar and Matt Bergman take a day to set goals for the coming year. It’s a practice that’s proven successful for their partnership and an integral part of their planning process. “We always need something to aim for, and whether the goal is attainable or not, giving ourselves a direction […] Read more
Planning for 2025 and beyond
Reading Time: 3 minutes Farming is a complex business full of daily decisions with expensive consequences. Country Guide associate editor, April Stewart, sat down with Evan Shout, a.k.a. the Farmer Coach, for his thoughts and top tips on how farmers can prepare to make decisions not only for the coming year but for the next decade. Below is an […] Read more
Country Guide’s top 10 stories of 2024
Reading Time: 2 minutes All year, Country Guide has published content highlighting the conversations that drive farm families, their businesses and the industry forward. Here are the top 10 stories that caught the attention of readers in 2024. 1. Numbers toolkit Designed with all agricultural sectors and all business sizes in mind, the worksheets, checklists and flowcharts included in […] Read more
The formula for farm growth
Capital + Risk + Execution = Farm SUCCESS
Reading Time: 3 minutes “Change is inevitable, growth is optional.” That’s how John C. Maxwell said it, and he might have said it best. It’s easy to look around the ag industry and see changes in the landscape. Suppliers, competitors and customers are consolidating and growing. Yet growth is often met with more scorn in farming than in these […] Read more
Diversifying the farm helps build a new business
Who has time to manage a bigger, more diversified farm? The Boldts found how to say, “We do!”
Reading Time: 11 minutes When Melanie Boldt pivoted her business from a grain farm to the first vertically integrated meat producer and market in Saskatchewan, she took a “just do it” approach and leaned into the challenge to change, diversify and expand her family farm. That was 26 years ago, and looking back, Boldt says she’s not sure she […] Read more
Legal considerations when transferring farm assets
Every farming operation is different and poses its unique challenges and considerations
Reading Time: 5 minutes The transferring of the land, buildings, equipment and quota that make up the farming operation can be thought of as the “meat and potatoes” of transition planning. Typically, once a plan has been developed for succession, there are assets that need to be transferred from one generation to the next. This can take the form […] Read more
A message from April Stewart, Country Guide's Associate Editor
