In today's episode, Tracy speaks to Andrea De Groot and Joel Bokenfohr about "Sweat Equity on The Farm." Are you part of a family farm and unsure how to handle sweat equity on your operation? If so, you will not want to miss this episode where Tracy, Andrea, and Joel chat about:

• What sweat equity is and why it comes into play on family farm operations.
• They discuss how sweat equity can create a larger problem over time.
• Andrea and Joel share some sweat equity guidelines when bringing new family members into the farm business.
• They chat about sweat equity and how the conversation may change depending on the stage of the business and the age of the next generation(s).
• Andrea and Joel share examples of sweat equity scenarios they have run into.

Whether you are the farm founder or generation two (three or four), Andrea and Joel provide some great insight on how to handle sweat equity on the family farm.

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Show Resources

To learn more about Dick Wittman, his free resources, or his Building Effective Farm Management Systems Guidebook that is available for purchase, please visit: https://wittmanconsulting.com

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SHOW RESOURCES

FCC Transition Knowledge - https://www.fcc-fac.ca/en/knowledge/transition.html

FCC Advisory Services - https://www.fcc-fac.ca/en/resources/transition-planning.html

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