With the average age of Canadian producers closing in on 60, succession planning is top-of-mind for a huge and growing number of Canadian farm families. Successfully transitioning a farm business isn’t easy — it takes time, effort, commitment and a lot of open communication. One of the biggest practical challenges is ensuring financial stability for the retiring generation while also providing financial ‘wiggle room’ and growth opportunity for the successor. What single factor can provide for both needs? In a word — profitability.
Learn more about how FarmCash can aid in succession and retirement planning in the articles below.