GFM Network News


“It was so simple,” Bob McCoubrey says. Instead of putting funds in investments, he’d set up a mortgage to help the Thurstons buy the farm. But it didn’t stay simple for long.

Getting to the dream

A real-life story of making a non-family farm transition work, including all the time, the effort, the talking and the satisfaction

Reading Time: 9 minutes About 15 years ago, Bob and Sharon McCoubrey were facing a dilemma. Bob’s body was telling him it was time to give up his orchard and vegetable farm in British Columbia’s Okanagan. It was time for the next phase of their lives, but past experience had left a bitter taste in their mouths. “We were […] Read more

Bringing in the hay at Wildwood Farm in the Peace region.

Transitioning the farm beyond the family

Maybe keeping the farm in the family isn’t an option for you. Or maybe you’ve seen the statistics and you believe Canada simply doesn’t have enough young farmers, so today’s farmers must open the door to more new entrants. Well, it’s never going to be easy, but check out these creative ways to have your cake and eat it too

Reading Time: 10 minutes Non-family farm transitions are certainly different than traditional family succession plans, and they definitely have their difficulties. But it turns out they aren’t impossible. In fact, non-family transitions are becoming much more common and much more successful. But they do require new strategies, and new ways of thinking. How common are they? “A significant number […] Read more


Tips on planning a lasting legacy

Seven things you need to know about including charitable giving in your estate plan

Reading Time: 5 minutes When retired farmers Scott and Laura-Lee Lewis of York, P.E.I., shared their plans to bequeath $500,000 from their life insurance policies to two local charities, their generosity made national headlines. In a 2019 article in The Charlottetown Guardian about their planned giving, the couple said, “As business owners, we felt giving an insurance policy was […] Read more

“The only way it’s going to work is if there’s formality in the system,” warns succession advisor Bob Tosh.

Is your farm transition on-track?

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

Reading Time: 10 minutes Whether you call it a succession plan or a transition plan, if the very idea makes you wince, you’re not alone. Canada’s farmers are older than ever — according to Statistics Canada, more farmers are over 70 than under 35 — yet only about eight per cent of all farmers have a written succession plan. […] Read more


Photo: Getty Images

Seven things to remember when preparing for a farm transition

Where is it written that your parents have to go south for the winter together? Many aging farmers like to visit the Sun Belt at this time of year to get rest, connect with friends and have some well-deserved fun. But what if one of your parents prefers to stay home? When both spouses cannot[...]
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