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Agriculture Roundup for Tuesday, February 21, 2023

Farm Credit Canada and the US Department of Agriculture report more than two-thirds of the American cattle herd is in an area affected by drought, leading to the largest contraction of the North American cattle herd in a decade.

Experts say the drought and other extreme weather events have beef farmers on both sides of the border thinning their herds in near-record numbers.

They are worried that could lead to supply problems in the beef industry over the longer term as climate change makes drought, flooding and wildfires more common.

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Farm Succession Planning: Agricultural Estates Navigate Fair and Equal

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Succession and estate planning may sound similar—but they’re not the same. And here’s the kicker: only 20–30% of farms actually have a succession plan in place. Why? Because talking about death, taxes, and who gets what isn’t exactly dinner-table conversation. Mike Downey, Succession Planning Manager at Uncommon Farms, returns to break down the realities of passing the farm to the next generation whether the heirs are on or off-farm. We start the conversation so you can avoid common pitfalls, navigate sensitive family dynamics, and take the first steps toward a smoother transition for your operation.