Expanding your Horizons

Justin Beck has one big tip for beginning farmers: If you want to succeed on the family farm, get away from it. “I would definitely suggest that you go work someplace else for a bit,” says the 26-year-old. “First, it’s going to help you decide whether farming is...

Learning to let go

When the Keddy family first began succession planning, their advisor had a grim warning. “We sat down with our accountant who told us there was a study that found only 1 in 12 first-generation farms are successfully transferred,” says Philip Keddy, who with parents...

Sage advice for young and old

A lifetime in farming brings perspective. Two veteran farmers, Jean-Guy Vincent and Garry Meier, share theirs – one has some advice for young people entering farming while the other offers some thoughts for those passing on their operations. After 41 years in the hog...

Opening doors for young farmers

The statistics suggest one story. Young farmers tell another. The latest Census of Agriculture found the number of young farmers continues to plunge – with the percentage of farm operators under age 35 down nearly 60 per cent in the last two decades  (8.2% in 2011...

Succession advice: Just do it

Before he started succession planning, Kevin Olson first got pretty good at avoiding it. “The hardest part is getting started,” says the 50-year-old farmer from Plenty, Sask. “It’s easy to talk about it in generalities, but then you all kinda go back and start working...

Succession Planning: Preparing for Your Future

To grow the farming business you have today, you’ve invested years of your life and the bulk of your financial assets. But sooner or later, it’s inevitable that someone other than you will own and run your farm. Perhaps you’ll transfer your operation...