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Tag: FARM SUCCESSION PLANNING

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In 2024, another slew of Canadian farmers will transition out of farming while the next generation takes over either in part or whole. It’s a fact of farm life: eventually the farm changes hands. For countless reasons, farm transitions take many meandering paths. Depending on business and family dynamics, the trip can be smooth going or a rough ride.

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OUTSOURCED

Business practices evolve and shift as new farmers take over from their predecessors. Agrologists were often the sole outside opinion sought by farmers of previous generations, but this is no longer the case. The under-45 crowd is generally much keener to call a consultant for assistance and trust that experts will help them work smarter, rather than harder. This generation may seek expert input in agrology, finance, accounting, business planning, mental health and more.

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