Reading Time: 4 minutes Although a strong work ethic is always a point of pride in agriculture, the farm family also needs to celebrate its successes and to understand why you do all that hard work in the first place. That kind of perspective doesn’t grow by accident. Even so, says Rick Dehod, a provincial farm financial specialist with […] Read more
Memories to build on
Capitalize on the summer to create lasting memories for your family. They’re the first step in a healthy succession process
8 management practices of successful Canadian farmers
In our CTEAM program and other activities, we get to meet a range of Canadian farmers, and often we have the opportunity to assess their success both financially and personally, in terms of their ability to meet or exceed personal and family goals. Several characteristics of these successful people become obvious rather quickly. Not all[...]
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Coming to the table to talk about farm transition
Farmers often stop me in the hall of conferences to ask deeper questions that are keeping them awake at night. The most common question is, “Elaine, how do we even get people to the table? My parents are refusing to talk, and my grandparents are even more stubborn!” Farm families are stuck because they give[...]
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The first-born quandary
What if your eldest son isn’t actually the best choice to lead your family farm into the future?
Reading Time: 6 minutes For centuries, it worked for royalty. If you happen to be the first-born son, you were on the path to the throne, no questions asked. And it happened on the farm too. The eldest son was automatically in line to take the reins when Dad got old enough that he needed to step aside. Increasingly,[...]
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Editor’s Note: The other side of the success story
At Country Guide, we do get criticized for seeming to print only stories about successes, not failures, but we don’t get as much flak as you might think… and we all know the reason why
Reading Time: 2 minutes You can see it again in the lineup of stories we bring you in our March 1 issue of Country Guide. For the next generation of Canada’s farmers, “average” won’t cut it. Our future farmers must run farms that score an A if not an A+ in every category… or they will face tall odds against[...]
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Succession shocker
The percentage of farm families with a succession plan is going down. That’s right —DOWN! — even though those same families still see succession planning as crucial to success
Reading Time: 4 minutes The day I caught up with famed farm family coach, Elaine Froese, she had already had two conversations with families who cannot bring sibling partners to the table. Phrases like “avoidance of conflict,” “bullying” and “silence is a form of violence” tumble out of her. “Procrastination and conflict avoidance are the root of the issue[...]
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8 do’s and don’ts of succession conversations
In her long career helping farm families, succession specialist Elaine Froese has found certain words and actions can help launch the succession process, while others can quickly distract or even permanently stop the process.
Get off to a better start with farm succession
Here’s advice from Merle Good on how to let the business lead the conversation toward your farm succession plan
Reading Time: 6 minutes John F. Kennedy’s historic words, “… ask not what your country can do for you, ask what you can do for your country,” may also contain the wisdom needed to solve the complexities of today’s family farm successions. Too many young men and women are starting their discussions about the path to farm succession by[...]
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Generating farm independence
Sometimes, the best solution can be for the next generation to build a farm of their own
Reading Time: 10 minutes The roads here are typical for this part of rural Ontario, running between neighbouring towns. On either side, at the end of long maple-sided lanes are well-kept dairy, beef and crop farms divided into 100-acre parcels, with red and black barns stamped proudly with farm names, usually family names. Occasionally too a lane is overgrown,[...]
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Plan before you retire
Whether you’re selling or if you’re transferring farm assets to the next generation, tax-smart retirement takes planning… and time
Reading Time: 10 minutes In 2011, 48 per cent of Canada’s farmers were 55 years old or older. Five years earlier, the number had only been 41 per cent. If you draw a straight line, that means 55 per cent of farmers are now 55 or older. And it also means our median age is approaching 65! Whether that’s[...]
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A message from April Stewart, Country Guide's Associate Editor
