More than half of Canada’s ag producers are 55 or older and are just now starting to think about the future of the business they’ve worked hard to build and grow. And while it’s not too late to put a transition plan in place, not having one does involve some risks.
Without a written transition plan any farming operation could be in jeopardy when it’s time for an ownership change. A formal plan can help protect all parties involved in a farm transition, as it provides stability and minimizes disruptions and risks to the business.
Agriculture Financial Services (AFSC) wants to help ensure Alberta’s producers have the information they need to plan a successful transition path for their farm. That’s why AFSC, working with our strategic partners Farm Management Canada and MNP, is presenting a series of one-day workshops on farm transition. Three Bridging the Gap workshops are being held this fall and winter – November 7 in Red Deer, February 26 in Lethbridge, and March 8 in Grande Prairie.
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