Impact Farming

In this week's episode, Tracy speaks to Maggie Van Camp about all things transition planning in this episode titled "Farm Succession: A Communication First Approach."

In this episode, Tracy and Maggie discuss:

- Why is now the time for farmers to create their transition plan? - Maggie states, "Successful succession requires flipping the priorities on transition planning to having better communication skills as a foundation." - She shares the 3 Phases of Transition Planning. - How long does transition planning take? - Tracy asks Maggie about the factors that are making succession planning even more challenging than in past years. - Proper role transitioning during succession is important. Maggie explains the 3 stages of role transition and why a slow transition is important, needed, and best for both generations. With a communication-first approach in mind, Maggie shares a quick round of best communication practices for farms to implement, especially around transition planning.

Is transition planning something you are interested in learning more about?

If so, you won't want to miss this episode.

Thanks so much for tuning in,

Tracy Brunet

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RESOURCES

Connect with Maggie Van Camp: https://loft32.ca/#team

Farmer's Bridge: https://farmersbridge.ca

You can read and download Maggie Van Camp's Applied Research paper "Farm Succession: A Communications-first Approach" – This paper was accepted for presentation at the International Farm Management Congress 2024. https://farmersbridge.ca/wp-content/uploads/2024/06/whitepaper-succession-communications-final.pdf

Do you know all the information you'd need to keep operating without your key decision makers? Here is The Because I Love You list that you can download and keep safe. https://farmersbridge.ca

Loft32: https://loft32.ca

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Tracy speaks to Clint Fischer about "Passing Down The Farm" in this week's episode. In this episode, Tracy speaks to Clint Fischer about all things farm transition planning:

• For decades, the industry has been educating and pushing succession planning for farmers at events, in articles, etc. Are we making progress as an industry?
• What are the main reasons/obstacles that keep farmers from starting?
• Who are the best individuals to hire to help you create your transition plan?
• When is the best time for Generation 2 to start the transition planning conversation?
• Clint touches on entitlement.
• He shares his three-phase approach to transition planning.
• Should management and ownership transition happen at the same time or in different stages?
• Clint covers this and so much more.

Is transition planning on the horizon for your farm? If so, you won't want to miss this episode. Thanks for tuning in friends, Tracy

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SHOW RESOURCES

Connect with Clint Fischer: https://braintrustag.com/about/ Braintrust Ag: https://braintrustag.com

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Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: Pioneer® Made To Grow™

Optimum® GLY Canola Unlock the genetic potential of your canola with our new Optimum® GLY — the highest yielding glyphosate-tolerant trait on the market, offering complete herbicide application flexibility. Learn more here https://www.pioneer.com/ca-en/products/canola/optimum-gly

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Tracy speaks to Mike Downey about "The Great Farm Wealth Transfer " in this week's episode. Baby boomers currently hold half of our nation's $140 trillion in wealth. It is estimated millennials will hold 5 times as much wealth by 2030. A record amount of wealth will transfer in the next 10 to 15 years. This has been coined the "Great Wealth Transfer." In this episode, Tracy speaks to Mike Downey about all things farm transition planning:

• Mike shares his thoughts on the "Great Wealth Transfer and what this means for agriculture.
• So, what's keeping farmers from creating a transition plan to bring in the next generation? Mike shares external and internal barriers that cause farmers to get stuck.
• Tracy asks Mike "what do you feel is the biggest threat to the family farm?" Mike answers.
• Mike shares some of the most common mistakes he sees farmers making around transition planning strategy.
• Who are the ones typically calling him to initiate transition planning? Founders or Gen. 2? The answer likely won't surprise you.
• Tracy gives Mike a fictional family scenario and asks him to walk us through his planning process. He touches on many common concerns that both founders and gen. 2 have. You won't want to miss this.
• Mike wraps the episode up with some words of encouragement for farmers in the audience who feel stuck in transition planning.

Is transition planning on the horizon for your farm? If so, you won't want to miss this episode. Thanks for tuning in friends, Tracy

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SHOW RESOURCES

Connect with Mike: nextgenag.us (Company) farmraisedcapital.com (Company) https://www.nextgenag.us/contact/ (Personal)

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Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: BrettYoung

Canada's Largest Independent Seed Company - Learn More Here

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In this week's Product Spotlight, Tracy speaks to Justine Cornelsen with BrettYoung Seeds about BrettYoung LibertyLink® Canola. About BrettYoung LibertyLink® Canola. The First in Our New Generation of LibertyLink® Hybrids. A High Yield Potential, Mid-Maturity Hybrid with Pod DefendR® Technology and Next-Generation Clubroot Protection.

• Pod DefendR — durable shatter tolerance technology

• DefendR-rated next-generation clubroot protection

• Strong early season vigour and excellent standability

The new generation of our LibertyLink® canola hybrids is here so you can leave the worrying behind you. About BrettYoung Seeds BrettYoung is a privately-owned agribusiness with headquarters in Winnipeg, MB, Canada. Proud of our 90-year history in agriculture, we employ over 250 people in four processing, warehousing, and distribution facilities in Canada. We provide crop input solutions to Canadian and US farmers including canola, forages and corn, soybeans, and ag biologicals. In an ever-changing industry, BrettYoung remains a constant. We remain family-owned, we offer you choice, and we have strong connections to local markets where we continue to grow our presence. We're proud of our investment in innovation and infrastructure and of our partnerships with world-class organizations. We're passionate about bringing you choice through distinct and leading products to keep your operation profitable. By design, our success is deeply rooted within your success. We are Distinct By Design and we wouldn't have it any other way.

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Thank You to our Product Spotlight

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If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, Product Spotlights, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

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In this week's episode, Tracy speaks to Kristin Demoranville and Andrew Rose about "Hackers Targeting Canada's Food Supply." It's true. Hackers are targeting Canada's food supply, and in today's episode, Tracy speaks to Kristin and Andrew, two cyber security professionals, about precisely what is happening. In this episode, they discuss:

• A string of ransomware attacks by Russian hackers are targeting Canada's agriculture sector and raising serious concerns about the safety of the food supply. Kristin shares more.
• Tracy remarks that since releasing their first episode together, serious cyber events have occurred, including the Co-op incident and the auto/machinery dealership parts system. (Episode 233: Cyber Attacks: Is Agriculture At Risk? Links to this episode below)
• Hackers and ransomware attacks are becoming an increasing threat to farmers. What are they, and how can they impact farmers?
• Andrew has been working with the Canadian dairy industry on the milk industry hacks that have been occurring. Andrew shares more.
• What do these cyber attacks look like, how do they happen, and how can we prevent them?
• What do you do, and who can you call if you have an attack?
• Is cyber insurance something farmers should be considering?
• Tracy asks, "Is Canada's food supply safe and secure from cyber-attacks compared to other industries?" The answer is concerning.

Regardless of your type and size of farming operation, we highly recommend that producers tune into this eye-opening episode.

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SHOW RESOURCES

Tracy & Kristin's First Episode together…Episode 233: Cyber Attacks: Is Agriculture At Risk?https://www.farmmarketer.com/Resources/ResourceItem?resourceItemId=498 • Disarm Foundation - an excellent tool to counter information warfare • Just Culture - and organizational philosophy that provides innoculation against AI enabled social engineered attacks • [email protected] for assistance before/during/after a cyber incidence • In the US, report cyber crimes to www.IC3.gov for tracking and triage purposes (including anonymous reporting)

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In this week's episode, Tracy speaks to Nate Clark and Dan Erdmann from Farm Rescue. Have you heard about the great work that Farm Rescue is doing in the agriculture community? Farm Rescue is a wonderful organization that provides planting, haying, harvesting, commodity hauling and livestock feeding assistance to farm and ranch families that have experienced a major injury, illness or natural disaster. They have assisted more than 1,100 farm and ranch families since our inception in 2005! Join Tracy as she speaks to Nate and Dan about this fantastic organization. In this episode:

• Nate and Dan share more about Farm Rescue, their work, and how they serve the agriculture community. If you love a heart-warming story, you won't want to miss Nate and Dan's sharing the details of their founder's mission and vision behind launching Farm Rescue.

• They discuss the types of assistance they provide, the states they operate in, how farmers can apply, and how the assistance works.

• They share about the "Angels in Blue," the amazing volunteers who are the boots on the ground and come to the assistance of farmers in need. They truly are angels in blue.

• Throughout the episode, Dan shares just a few of the many stories of families impacted by the assistance that Farm Rescue provides.

• As we all know, tragedy can strike at any time, and no matter how far away…we often feel the pain that our fellow producers are going through. Tracy ends the episode by asking how people can get involved, whether through volunteering or donating.

If you are looking for an impactful episode, you won't want to miss this episode about Farm Rescue and the great work they are doing. Thanks for tuning in friends, Tracy

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SHOW RESOURCES

Farm Rescue gives families a chance to continue their livelihood by providing the necessary equipment and manpower (free of charge) to get the job done.

Farm Rescue: https://farmrescue.orgApply For Assistance: https://farmrescue.org/apply/Get Involved: https://farmrescue.org/get_involved/

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Thank You to our Show Sponsor Here at The Impact Farming Show, our goal is to bring our audience the people and ideas that will IMPACT their farming operation. We couldn't do it without the continued support of our sponsors that are committed to supporting our show and our shared vision of helping farmers succeed. Please take a moment to check out this week's show sponsor: BrettYoung

Canada's Largest Independent Seed Company - Learn More Here

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SIGN UP

If you enjoyed this episode, don't forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up

Thank-You for celebrating 6 years of The Impact Farming Show with us! We truly could not have done this without the support of you, our amazing viewers and listeners, and of course all of our wonderful show guests. It's a great honor to have come this far and we are so excited to continue with season 7 (starting soon). Our 1st ever episode aired on August 8th, 2018, Tracy interviewed Jolene Brown in the episode titled "Family Farms and Succession Planning", take a step back in time and watch episode 1. Now for our #1 most viewed and listened to show of season 6, we bring you Episode 209. Please join Tracy and long-time Impact Farming Show guest, Kelly Dobson in this episode titled "Coaching For Farmers: Getting Unstuck, Peak Performance & So Much More..." Kelly Dobson is the chief leadership officer of LeaderShift Inc., powering the National Farm Leadership Program initiated by Farm Management Canada for farmers and farm advisors in January 2020. Are you interested in improving your personal/family relationships, growing your farm operation, and achieving results you haven't seen before? If so, you will not want to miss this episode. _______________________________________________________________________________________________________

In this week's episode, Tracy speaks with Kelly Dobson, from LeaderShift Inc., about "Why Coaching for Farmers?" Are you looking to maximize your farm's performance? If so, look no further than you….the farm operator. That's right. Canadian farms are high-tech and use the best inputs, equipment, agronomy advice, and technology; however, a majority of farms haven't yet tapped their personal competitive advantage to achieve more with the resources they already have. In this episode, Tracy and Kelly speak about:

1. Why leadership for farmers?
2. Kelly shares more about the "National Farm Leadership Program" and its goals.
3. Tracy asks the million-dollar question, "Why coaching for farmers?" Kelly shares his thoughts, experiences, and the science behind professional leader development and coaching for farmers.
4. Kelly and Tracy have a casual conversation about getting unstuck, greater personal happiness, knowing how to shift your behaviour to impact your life and your relationship with others, and so much more.
5. The 2024 "National Farm Leadership Program" is about to launch. Kelly shares more information on this year's program and encourages anyone interested to reach out before the fast-approaching application deadline ends on January 18, 2024.
6. Kelly wraps the episode up by sharing wisdom on the power of coaching too unlock our true abilities and show up as the best version of ourselves in our lives.

Do yourself a favor and tune in to this episode. You do not want to miss it.

............................... Show Resources National Farm Leadership Program - Learn More ...............................

The Impact Farming Show is celebrating 6 years! Wow, time sure flies. Do you recall our 1st ever episode which aired on August 8th, 2018? Tracy interviewed Jolene Brown in this episode titled "Family Farms and Succession Planning", take a step back in time and watch episode 1 Our season 6 countdown continues with Episode 206 taking the 2nd place spot. Please join Tracy and Art Lange in this episode titled "Cash Flow Concerns." As a business owner, cash flow planning is one of the most critical financial planning activities. Art Lange, owner of AJL Consulting is a farm business management consultant and he has a tool to help producers with financial planning. TUNE IN to this episode, as Art shares the details. _______________________________________________________________________________________________________

In this week's episode, Tracy speaks with Art Lange about "Cash Flow Concerns."

As a business owner, cash flow planning is one of the most critical financial planning activities. In this episode:

• Art shares his thoughts on how 2024 cash flow planning might be extra challenging.
• They chat about upcoming CEBA loan payments and what this means to farmers and their 2024 cash flow.
• Art reviews the CEBA loan amounts, forgiveness portions, and when payments are due.
• With loans due in January, farmers must come up with the money. He shares a few options for repaying these loans if the money is not in the bank.
• Second, on Art's radar is the increased cost of borrowing. He speaks about interest rates and how this is impacting farmers.
• We know interest rates make a huge difference. Art reviews an example of $1 million over 25 years at 4% or 7% and the difference in payments. The difference truly is staggering.
• They dive deeper into the discussion on interest rates for farmers who are looking at new loans or who have renewals coming up. He speaks to high interest and cash flow concerns.
• Art has a tool to help producers with financial planning. He shares the details.

If CEBA loans or interest rates are on your mind, you won't want to miss this episode.

............................... Show Resources

The Impact Farming Show is celebrating 6 years! Wow, time sure flies. Do you recall our 1st ever episode which aired on August 8th, 2018? Tracy interviewed Jolene Brown in this episode titled "Family Farms and Succession Planning", take a step back in time and watch episode 1 Our season 6 countdown continues with Episode 213 taking the 3rd place spot. Please join Tracy and Felix Wever in this episode titled "Drones For Farming". Drone expert Felix Weber is here to tell you why you should be using a drone for your farming operation. TUNE IN. ________________________________________________________________________________________________________

In this week's episode, Tracy speaks to Felix Weber about "Drones for Farming."

Are you interested in buying a drone for your farming operation but don't know where to start? Are you looking to learn more about the types, models, uses, benefits, and legalities of operating drones? If so, this episode is for you.

In this conversation, Tracy and Felix speak about:

• How his passion for drones began and why he sees them as a powerful tool for farming operations.
• He shares more information about the types and models of drones he carries.
• Felix shares the three main uses of drones and walks Tracy and the audience through what they need to know in each area.
• Elevation mapping
• Crop health checks
• Application drones
• With each use, he shares more about what you can apply, run time, volume, drone needed, and other important information that producers need to know.
• He speaks about what is legal and what is illegal to apply.
• He shares guidelines on drone sizing and at what point you are required to get an operator's license.
• Felix shares his thoughts on the return on investment when purchasing a drone for your farming operation. He provides real-life examples of how drones are used and how they come to the rescue on farming operations to remedy problems, prevent loss, and get things done in conditions and locations that typical equipment may not be able to reach.

If you want to learn more about drones, tune into this episode and visit Felix's company website, where they sell drones for Canadian farming operations.

Thanks so much for tuning in friends,

Tracy

RESOURCES

AgDrone by Ag Business & Crop Inc. https://agdrone.ca

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In this special segment, Tracy speaks to Mark Walker from Cereals Canada about "Canada's Looming National Rail Crisis."

Canada is on the brink of entering a historical and catastrophic rail crisis. Join us as we speak to Mark and clarify what is happening. In this episode:

- What happens if they strike? - What are the consequences to Canada, our reliability as a trade partner, businesses, consumers, and farmers who are working hard to get the crops off and need the rail system working in full force? - What can the federal government do, and why has nothing been done? - What are the commodity groups doing? Who is representing farmers?

Have you signed the stop the strike petition yet? If not, please do so. The government needs to hear us loud and clear.

A special thank you to Mark for joining us on such short notice to discuss this critical event. Thank you Mark!

RESOURCES

Stop The Strike Petition - Please sign and have our voices heard https://stopthestrike.ca

Thanks for tuning in, friends,

Tracy Brunet Farm Marketer Host of The Impact Farming Show