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.

French transcript of this episode is available here: https://docs.google.com/document/d/1E...

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):    • Farm Transition: Turning Roadblocks I...  

Host: Crystal Mackay   / crystal-mackay-683b26a  
Producers: Meredith Martin   / meredithmartin   and
Cara Stern   / carastern  
Production coordinator: Rebecca Babcock   / 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/insuran... and the Smart Prosperity Institute https://institute.smartprosperity.ca/

Questions or Comments? Reach out to us at [email protected]