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Ideas corporate and farm businesses share / Focus on farm transition / FCC Knowledge

Mar 19, 2020

Video: Ideas corporate and farm businesses share / Focus on farm transition / FCC Knowledge



When it comes to transition planning, farm and non-farm businesses have many things in common. Nevin McDougall, transition expert and President & Chief Commercial Officer of A&L Canada Laboratories Inc., explains.

Key takeaways:

• Farms are unique, but share common strategies about transition as non-farm businesses
• Best practices include good communication, clear vision, sharing of expectations
• Tackle the big questions early like who to bring on and help grow the operation
• Document and writing plans down bring clarity and helps facilitate discussion