Two couples walking by a corn field

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

Many farming operations are run through one or more corporations, which adds additional layers of complexity for transferring the underlying assets.

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