Archive: Succession Planning

Young Farmer

The Need for Big Conversation

We know that change is constant. The agriculture industry is just one of many that is constantly changing. We also know that to survive and move forward does take effort and acceptance of new or different methods, procedures and results. Change in agriculture has been significant over the last three decades, and it continues as…

Succession or Not

The CFFO has always looked to the future when developing today’s policy. That’s because we are positive about agriculture. Like our members, we are eternal optimists. Farmers tend to look ahead and see opportunity each year. Planning is an integral part of farming. However, we continually see a lack of foresight when it comes to…

Farm Succession Stories from Eastern Ontario

Farm succession continues to be a topic of discussion and concern among farmers today. This topic has been covered on more occasions in this medium in the past. There are several differing opinions on the number of farms and the dollar amount which is assumed will change generational hands over the next 10-15 years. Recently,…

Taxation and Family Farm Succession

We know that farm succession planning and transfer of farming assets to the next generation of farmers continues to be a concern in Canada. According to the 2016 Census data, only 8.4% of farms have written succession plans. Those pushing for the importance of farm succession planning are concerned about the hurtles our current taxation…

Succession Planning

SUCCESSION PLANNING Back when I was in grade 5 and 6, I often checked the time on the church steeple, and concluded that older people were wrong when they said that time was moving fast. Now I have noticed that time seems to move a whole lot faster than I once thought it did. Life…