Do you have a succession plan? Bob Tosh, family enterprise advisor with MNP, says this question isn’t a good place to start when it comes to thinking about the succession planning process.
Farms face a different set of circumstances than most other businesses during transition. In this episode, Tosh shares advice he has given throughout his years as an advisor and offers perspective to current and next-generation farmers engaging with the succession process. Doug Johnston, a fifth-generation grain and dairy producer, also shares his succession experience and offers some frank advice for fellow producers.
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AgAnnex Talks is a new podcast channel brought to you by Canadian Poultry and its sister publications at Annex Business Media – Top Crop Manager, Manure Manager, Potatoes in and Fruit & Vegetable. The biweekly podcast will feature conversations featuring experts from across Canada’s ag industry.
Show notes:
- Family Farm Succession website
- Tips for young farmers: Getting started on farm transition planning
- Strangers in Paradise: How Families Adapt to Wealth Across Generations
- Succession planning resourcehttps://mydigitalpublication.com/publication/?i=598953 round-up
- You can find Doug Johnston on Twitter at @maplevue
- Focus On: Succession Planning 2019
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