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Farm succession involves the transition of knowledge, skills, labour, management and ownership of the farm operation between the founder (retiring) generation to the successor (next) generation. Succession, in any family business, is a process rather than an event. A successful plan can be accomplished by having a shared vision, involving everyone in the family and understanding the complexities of a family business.
Welcome to SmartFarmBC ’s new Farm Succession resource page, developed by the B.C. Ministry of Agriculture. Don’t miss the videos below from the 2011 Elaine Froese Seminar Series Who Gets the Farm and When? For help getting started with your succession planning, check out the funding opportunity and resources to the right. We are currently developing new resources to help your BC farm business, so bookmark this page and visit again soon, or get updates by email when new information is available.
Elaine Froese is a certified farm family business coach who helps farm families address and act on tough communication issues. She is a mediator, and a member of the Certified Agricultural Farm Advisors (CAFA). Elaine and her family farm in southwestern Manitoba and run a certified seed business. She is widely known for her work and application of practical tools for conflict resolution and succession planning.
Information in this video series is not intended as, nor does it constitute, tax or legal advice. Viewers should consult their own lawyer, accountant or other professional advisor when planning to implement a business strategy.
Videos by KMB Productions.
BC farm producers and business advisors share their experience at the farm succession planning seminar “Who Gets the Farm and When? with keynote speaker Elaine Froese.
March 2011, Chilliwack British Columbia.