Reading Time: 2 minutes Cody Snyder knew that he could always return to the farm, so he took advantage of the opportunity to work, travel and learn, “Because the farm is always there, it’ll never go anywhere,” he says. For a while he worked as a licensed mechanic and then decided to live in England for two years. He’s […] Read more
All roads lead to the farm
Formalize the family farm with shareholder agreements
Reading Time: 3 minutes What if everyone in the farm business could lay out their expectations and at the same time determine what is expected of each to make the business work? And what if you could also design a road map for how each person exits the operation or buys out other parties? A shareholder’s agreement is an […] 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
Summer Series: Coming home to farm
[Make It Count] Don’t expect the keys to be waiting, warns Andy Caygeon Junkin. Instead, carve out a path to self-improvement
Reading Time: 6 minutes Let’s imagine you have just come back to the family farm. You have completed your diploma or degree, your head is full of ideas, your energy is overflowing, and you are absolutely itching to sit down and have a conversation with Mom and Dad about when and how you are going to take over the […] Read more
Summer Series: The learning curve of farm diversification
[Make it Count] Change is certain. Now, these two farms leverage it to diversify and grow their farms even more
Reading Time: 6 minutes The reasons farms diversify are as varied as the types of farms. The options are equally numerous. Maybe it’s to enhance or grow the operation or to add more income streams. Or the owners come across an opportunity too good to turn down. So, how does someone decide when to diversify and what option to […] Read more
Summer Series: The challenge with family rental agreements
[Land] Family rental agreements are getting big attention in 2024. Just don’t rely on them as the foundation of your succession plan. They’re one piece in the puzzle
Reading Time: 5 minutes Family ties and farming operations have long been intertwined. Indeed, family forms the backbone of many of our agricultural traditions, and today, it is often the reason why navigating farm succession is so complex. In fact, we can say even more. In an important way, family is making succession planning even more difficult in 2024 […] Read more
Summer Series: The family landscape
[Land] The Impact: Rising farmland values mean new farm opportunities, and frequent challenges for family harmony
Reading Time: 5 minutes Once considered among the most traditional, unchanging ways of life, farming today is being transformed. Farmland values are changing the nature of farming and farm business management, and introducing new opportunities and risks. Plus, they are creating challenges for farm families. Land prices are raising new questions about how to direct assets to different siblings, […] Read more
Summer Series: “Not just with acres”
[Land] “We had to find another way to diversify,” says Jennifer Lindgren
Reading Time: 10 minutes The question we’ve come to ask is why Jordan and Jennifer Lindgren made the strange choice to turn being a grain farmer into such a public life. Unlike most farmers, the Lindgrens’ marketing campaign puts their farm and their family right in the public spotlight. Can it possibly pay? And what’s it like behind the […] Read more
Summer Series: You forgot who?
[Change Management] When Mom and Dad feel they’re being pushed out of the way, all sorts of bad things happen
Reading Time: 5 minutes The Irish government thought it was such a great idea. The year was 2007, and in Ireland, as in the Canada of that time, few farms were setting up formal transition or succession plans. The Irish government had also begun asking itself what would happen when age or ill health finally pushes all those farmers […] Read more
Summer Series: Assessing your farm’s financial horsepower
[Change Management] It’s going to pay to keep your financials in order in 2024, and beyond
Reading Time: 3 minutes Every year, we go through harvest with our grain. Then there comes a harvest season of a different sort — the bookkeeping and the accounting that needs to get caught up to “close the books.” Unfortunately, some accountants can get backed up like grain terminals in winter. Farm files trickle in until eventually the accountant’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
