A new program is available to help Canadian farm families on their succession plan journeys.
Groundworks is a collaborative effort between the Canadian Centre for Agricultural Wellbeing, AgriRisk Managers, and Loft32, along with support from AAFC.
The program supports farmers with building blocks related to succession.
“We need to help farmers get some structure of support built so they can find their way through succession planning,” Maggie Van Camp, a co-founder of Loft32, told Farms.com.
Groundworks is planning to host its first group in mid-February with 10 farmers from Eastern Ontario.
Eligibility criteria for farmers includes:
- Must be over 50 years old
- An active outgoing farmer with a successor or potential successor
- No written succession plan
- Digital copies of three years of financial records