In this episode, my guest is Glenn Dogterom, Farm Family Transition Coach, retired CPA, financial planner, and acting member of the Canadian Association of Farm Advisors. Over the years, Glenn has provided various services to his clients including tax planning and preparation, financial statements, cash flows, and transition planning. Glenn proposes there’s a better, more thoughtful approach to transition without all the pressure and potential for bad decision-making.

We discuss practical strategies for achieving realistic timelines and involving the younger generation from the get-go, as well as what to do and expect if you haven’t. At the end of this episode, you will gain a better understanding of how much time it truly takes to achieve a more meaningful transition, and why taking into consideration inevitables like illness and debt is so important.

Access the full show notes for this episode at elainefroese.com.

Discover more about our guest: Glenn Dogterom

Elaine Froese Resources:

Watch this episode on YouTube.

• SPEAKING - book Elaine for your next event
• COACHING - find your Farm Transition Coach
• MEMBERSHIP - Join the waitlist for the Farm Family Harmony Membership
• RESOURCES - download for FREE
• CONTACT - take the next steps in your transition 
• BURNING QUESTION? Submit it here for Elaine or her coaches

Timestamps

0:00:30 Introduction Glenn Dogterom

0:01:30 What to do when you’re stuck

0:03:55 Creating realistic timelines and involving your children in the process

0:07:00 Assessing your skills and creating a business plan as a younger farmer

0:08:21 Financial preparedness and passing on debt 

0:10:38 How to lean on your team of trusted advisors

0:13:02 Navigating transition in the midst of health issues

0:15:37 Finding harmony through understanding can take time

0:18:33 Glenn’s favorite “good transition” story

0:21:41 It’s a journey, not a sprint