Reading Time: 3 minutes The definition of “legacy” in agriculture is changing. I have worked in this industry in some capacity for more than two decades and the one constant is that every family farm believes in legacy, the ability to create something that your children want to be a part of after you are gone. For years, that […] Read more
What is a farm legacy?
Summer Series: Discussions about legacy have become more complex. How can you balance legacy and family when it comes to the next generation?
The wildly adaptable side of next gen agriculture
Summer Series 'Next Gen': Millennials are not all about avocado toast. This generation is not afraid to question the way things have always been done in the ag industry if it means building a stronger future
Reading Time: 4 minutes Some people just fall into the world of agriculture — and consider themselves lucky to have stumbled into such a happening industry. Kelsey Owen-Cooper is one of those people. Owen-Cooper grew up in rural Ontario, surrounded by farm influences. Her grandparents grew up on farms, her father worked on a local dairy (frequent visits to […] Read more
Can slowing down farm succession really work?
Summer Series: Designating more time to the farm transition process can mean less stress and more choices
Reading Time: 4 minutes When I ask farmers to guess how long it will take to complete a transition plan, they usually say one to two years. The reality is that it takes much longer. In a 2017 survey by Business Development Canada (BDC), five out of six entrepreneurs believed that the transition process can be completed in two […] Read more
When it looks like there aren’t many options for farm growth what’s a growing family to do?
Summer Series: Here’s how farm families can navigate a common sticky farm succession situation — and still want to have Christmas dinner together
Reading Time: 4 minutes Keeping the farm in the family is something really special. But figuring out how to share it with siblings and cousins who want to be part of the business? That can get tricky. Especially if the farm is only so big and growth is limited. “Every farm and family dynamic is different, and the more […] Read more
VIDEO: Building a farm that outlasts you
Summer Series: Legacy isn’t about control. It’s about leading today in a way that creates strength, curiosity and clarity for tomorrow’s owners
Reading Time: 3 minutes Legacy runs deep in agriculture. It’s not just about the land. It’s also about the family name, the farm’s story, the values and the impact that continue long after the current owner has stepped away from the day-to-day. For most farm leaders there comes a time when the question arises: What happens to the operation […] Read more
VIDEO: Sharing your final wishes with family
Reading Time: < 1 minute Are you the child who knows more about what your parents have written in their wills? Are you worried that you’ll be the one left to explain your parents’ wishes to your siblings after your parents have died? If you want to avoid being the bearer of bad news, Patti Durand walks us through what […] Read more
Sell the farm or save the family legacy?
Summer Series: The growing sophistication of farm operations is reshaping farm transitions. And the unprecedented challenges these legacy businesses face demand our immediate and strategic attention.
Reading Time: 4 minutes For generations, Canadian farms have been more than businesses. They are the backbone of our national food security and rural economic infrastructure. They are also living legacies, passed down through families with pride, hard work and an intimate connection to the land. The transformation of Canadian agriculture over the past few decades has been revolutionary. […] Read more
An evolving vision
First-gen farmers share their blueprint for business transition
Reading Time: 5 minutes When it comes to starting and growing a business, you’re only limited by your imagination. For Belmont, Manitoba first-generation farmers Lydia Carpenter and her husband Wian Prinsloo, it’s that type of unlimited, outside-the-box thinking that has become their regular way of thinking. Over the years, they’ve leveraged multiple income streams, a direct-to-consumer marketing beef business, […] 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
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
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
A message from April Stewart, Country Guide's Associate Editor
