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In the first article in this two-part series, I focused on the leadership, parenting, and mentoring required by parents from birth of their children to the time they do or do not return to the farm business. This article addresses building the partnership with those...
I meet farm owners who are in the fifth or sixth generation. I have met a few with double digit generations. My wife and I both have brothers on Century Farms that are transitioning to our nephews. How does this happen? When should it happen? What does farm family...
Highlights Massicotte Holsteins came about after a difficult split from the Massicotte’s 5 generation family business With financing from FCC, father and son visited farmers in the province to purchase cows and form their new herd Produce as much milk as possible...
by Susan Hayhurst Posted to Farm Futures website (farmfutures.com) July 8, 2013 Most farmers don’t like the word ‘retirement.’ But it’s a vital part of the farm succession planning process, says John Baker, an attorney and administrator of the...
by Dennis Stein, Michigan State University Extension Posted to Drovers Cattle Network (www.cattlenetwork.com) July 10, 2013 The process of transitioning a farm from one generation to the next often runs into problems when family members have not put their transition...
Using a trusted farm business advisor or a team of advisors can help a farm reach greater financial success. “The Dollar$ and Sense – Measuring the Tangible Impacts of Beneficial Business Practice on Canadian Farms study shows that number three on the list of top farm...
