Transitioning the family and the family farm for succession

Dec 16, 2021

Farm Credit Canada offers a video to teach you how to empower your family to be stewards of your land, legacy, and business.

By Andrew Joseph, Farms.com, Photo by Kelly Sikkema on Unsplash

You’ve been running the family ranch for years, one that has been in the family for generations.

And now you are wondering what the transition is going to be like for your kids and their family as they are primed to take over.

But how do you set your next generation of farmland owners up for success?

Farm Credit Canada (FCC) may have the solution you are looking for.

Vanessa Good, who grew up on a Métis Nation mixed farm on Treaty 7 Blackfoot territory in Alberta. She is an FCC Business Advisor and is currently involved in the succession process of her own family farm.

In the video below, she shares transition advice and tools for Canadian Cattlemen to set yourself and the family up for success.

In the video, you will learn how to:

Understand the family farm/ranch operation puzzle;
Strengthen the foundation of your family’s legacy;
Gain operational and financial clarity;
Onboard the next generation into the business;
Transfer land while alive and through a will.

Watch the video:

Video: Uncover the world of insurance salvage auctions in Canada

What happens to vehicles, farm equipment, machinery and other valuable assets after an insurance claim? They may have more value—and opportunity—than you think.
In this interview, Christine O’Brien, Director of Marketing at Barga, takes us inside the world of insurance salvage auctions and explains how the Saskatoon-based company is making these assets directly accessible to buyers across Canada.
Unlike a traditional auction house, Barga operates primarily online, connecting consumers with a constantly changing selection of insurance salvage sold on an “as is, where is” basis. Buyers can see where an item is located, bid online and, if successful, arrange pickup or shipping.
With new auctions every two weeks, Barga offers much more than farm equipment, with a diverse range of vehicles, machinery, equipment and other unexpected finds coming up for bid.
Christine explains how the auction process works, what buyers should know before bidding, and why insurance salvage can offer some interesting opportunities for Canadians looking for equipment, vehicles or a great deal.
Registration is free, allowing buyers to browse upcoming auctions, watch items that catch their attention and bid when the right opportunity comes along.