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Farm Succession Planning - The Ag Podcast
In the next ten years, over 40% of Canadian farms will change hands. With 97% of farms being family-owned and operated, this means a lot of challenging – but necessary – discussions between family members on the future of their farm. But when do you start these discussions? Where do you have these discussions? And how do you approach these discussions?
Host Crystal Mackay chats with Maggie Van Camp, Farmer and Founder of Farmers’ Bridge, and Patti Durand, Certified Family Enterprise Advisor, on farm succession planning – the challenges that arise during this process, the importance of doing this big task, and tips on making your farm transition a success.
Chapters:
00:00 Introduction
02:11 Facts about farming in Canada
02:58 Guest introduction
03:51 Is there a typical Canadian farmer?
06:50 The biggest challenge to succession planning
08:30 Megatrends in Canadian agriculture
09:00 Challenges are also opportunities
10:00 Key principles farmers should be thinking about
12:00 Learn to communicate
12:40 Maggie’s experience
14:25 Building trust
15:15 Different discussions will have different people
17:00 How do you deal with contentious issues?
19:20 Getting third party help
23:26 Things to avoid
25:30 Succession planning - free advice
Links:
Farmers Bridge: https://loft32.ca/farmersbridge/
Farm Credit Canada: https://www.fcc-fac.ca/
Video: Farm Transition - Turning Roadblocks into Building Blocks (Farm Credit Canada): https://www.youtube.com/watch?v=i7DqUARnwEE
Host: Crystal Mackay https://ca.linkedin.com/in/crystal-mackay-683b26a
Producers: Meredith Martin https://twitter.com/meredithmartin and
Cara Stern https://twitter.com/carastern
Production coordinator: Rebecca Babcock https://ca.linkedin.com/in/rebecca-babcock
Music: Dustin Stern http://dustinspace.com
The Ag Podcast is produced by Generate Canada https://generatecanada.ca/ with support from Co-operators https://www.cooperators.ca/en/insurance/farm and the Smart Prosperity Institute https://institute.smartprosperity.ca/
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By Generate CanadaIn the next ten years, over 40% of Canadian farms will change hands. With 97% of farms being family-owned and operated, this means a lot of challenging – but necessary – discussions between family members on the future of their farm. But when do you start these discussions? Where do you have these discussions? And how do you approach these discussions?
Host Crystal Mackay chats with Maggie Van Camp, Farmer and Founder of Farmers’ Bridge, and Patti Durand, Certified Family Enterprise Advisor, on farm succession planning – the challenges that arise during this process, the importance of doing this big task, and tips on making your farm transition a success.
Chapters:
00:00 Introduction
02:11 Facts about farming in Canada
02:58 Guest introduction
03:51 Is there a typical Canadian farmer?
06:50 The biggest challenge to succession planning
08:30 Megatrends in Canadian agriculture
09:00 Challenges are also opportunities
10:00 Key principles farmers should be thinking about
12:00 Learn to communicate
12:40 Maggie’s experience
14:25 Building trust
15:15 Different discussions will have different people
17:00 How do you deal with contentious issues?
19:20 Getting third party help
23:26 Things to avoid
25:30 Succession planning - free advice
Links:
Farmers Bridge: https://loft32.ca/farmersbridge/
Farm Credit Canada: https://www.fcc-fac.ca/
Video: Farm Transition - Turning Roadblocks into Building Blocks (Farm Credit Canada): https://www.youtube.com/watch?v=i7DqUARnwEE
Host: Crystal Mackay https://ca.linkedin.com/in/crystal-mackay-683b26a
Producers: Meredith Martin https://twitter.com/meredithmartin and
Cara Stern https://twitter.com/carastern
Production coordinator: Rebecca Babcock https://ca.linkedin.com/in/rebecca-babcock
Music: Dustin Stern http://dustinspace.com
The Ag Podcast is produced by Generate Canada https://generatecanada.ca/ with support from Co-operators https://www.cooperators.ca/en/insurance/farm and the Smart Prosperity Institute https://institute.smartprosperity.ca/