Could a philanthropic gift be the right succession strategy for your farm?
As farms grow in value, it gets tempting to think succession planning is too risky to consider. It’s why only eight per cent of Canadian farms have written plans. But maybe there’s a way after all
How can you be sure they’re ready for the responsibility of running the operation?
In central Nova Scotia, Cornwallis Farms has been in the same family for nine generations. So how are they planning for David’s arrival, and the start of a whole new chapter?
"The best thing you can do to protect your legacy is to be a part of planning what it will be.”
The Hunter family is presented with three options for their farm transition
As we look into concrete financial options, a sense of excitement replaces the family’s initial worries
"In the end, we all want the same thing,” Bruce says. “I just don’t see how we can make everyone happy.”
Knowing the questions that your older neighbours are asking themselves as they start winding down their farms could give you the inside track
Alberta farm advisor Merle Good shares an innovative and tax-smart plan to encourage all your children to be patient investors with a portion of your land
As Canada’s oldest farm publication, with roots back to 1886, Country Guide is about the business of farming, providing farmers with strategic business thinking. In each issue, enjoy stories on Profiles, Products and People.
