succession Archives - Manitoba Co-operator

Andrea Borodenko and Antoine Casimir have acquired Quebec’s Production Lareault.(CNW Group/Production Lareault)

Major strawberry plant producer changes hands

New owners get funding to buy Lareault business

By Dave Bedard, GFM Network News December 4, 2023

The Quebec company billed as Canada’s largest producer of strawberry plants has picked up new ownership after nearly 70 years. Production Lareault, based on just over 450 acres at Lavaltrie, Que. — about 40 km northeast of Montreal, in the province’s Lanaudiere region — has been acquired by investors Antoine Casimir and Andrea Borodenko for

Markets

International farmers may ease Canadian human capital crunch

A global retirement crunch is coming and Canada is ill prepared, report says

By GFM Network News, Manitoba Co-operator Staff April 4, 2023

As other nations reduce their agricultural footprints in an effort to boost sustainability, their loss could be Canada’s human capital gain, a new report suggests. “The immigration of scientists, data engineers, and entrepreneurs has been recognized as critical to Canada’s growth. A similar approach needs to be adopted to attract farmers,” the authors wrote. The

Simon and Amanda Ellis grow and retail pedigreed seed near Wawanesa.

News, News & Opinion

Passing It On: Young farmers reflect on succession journeys

Unique family stories reflect the value of communication, empathy, good relationships and good counsel

By Geralyn Wichers January 20, 2023

Advisors, clear values and family history were important to successful farm transitions for two Canadian farm families. Jan. 10 was Farm Transition Appreciation Day, a day in which groups such as Farm Management Canada, Farm Credit Canada and Glacier FarmMedia (the Co-operator’s parent company) encourage farmers to start the process of planning their farm’s transition

Farmit Manitoba

VIDEO: The dawn of a new generation: celebrating Canada’s farming future

By Glacier FarmMedia Staff January 10, 2023

If you’re planning or in the process of transitioning your farm to the next generation, you aren’t alone. Farm Management Canada estimates that 75 per cent of farms across Canada will change hands over the next decade. Today is Farm Transition Appreciation Day, a day to acknowledge the efforts underway across the country to get

“When we ask people to pay market value, they are only going to do that if they believe in their own ability to grow that operation.” – Tom Deans.

Farmit Manitoba, Other

Don’t give away the farm, says transition expert

Encourage children who want to farm to start buying in early, said Tom Deans

By Geralyn Wichers July 28, 2021

Don’t gift the farm to your children, but make them buy it at full market value, says one intergenerational wealth expert. “When we take shortcuts with the valuation and offer discounts to the family, we damage the confidence of the next generation. We actually undermine their authenticity,” said Tom Deans. Deans, an author and business

Brandon-Souris MP Larry Maguire speaks to Bill C-208 on Nov. 25 in the House of Commons. (Video screengrab from Parl.gc.ca)

Tory MP’s bill on farm transfer tax treatment moves ahead

Private member's bill now awaits Senate approval

By Dave Bedard, GFM Network News May 15, 2021

A Manitoba Conservative MP’s bill to standardize the tax treatment for sales of farms and other small businesses has cleared the House of Commons and is en route to the Senate. Brandon-Souris MP Larry Maguire’s Bill C-208, which was introduced for first reading in February last year, passed third reading in the Commons on Wednesday.

One group predicts that 371 million acres of U.S. farm- and ranchland will change hands in the next 15 years, roughly translating to four out of every 10 acres.

Comment, Op/Ed, Other

Comment: Agriculture’s coming heart transplant

A lot of farmland is expected to change hands in the coming years

By Alan Guebert November 13, 2019

If government and private estimates are accurate, hundreds of millions of North American farm acres will have new owners in the next 15 years. For example, the National Agricultural Statistics Service, the Department of Agriculture’s (USDA) survey takers and record keepers, predicts that 100 million acres of today’s farmland will be sold by its current

Seven things to remember when preparing for a farm transition

By Elaine Froese March 19, 2019

Where is it written that your parents have to go south for the winter together? Many aging farmers like to visit the Sun Belt at this time of year to get rest, connect with friends and have some well-deserved fun. But what if one of your parents prefers to stay home? When both spouses cannot

Bringing in the next generation isn’t easy but it’s been a focus for the Hilton family. From left, Sterling, Dane, Reid, Lynne and Spencer Hilton (pictured in the early fall when snow held up combining).

Country Crossroads, Other

Five generations strong: Putting success into farm succession

Hilton Ventures has grown by leaps and bounds but the greatest accomplishment is bringing in the next generation

By Terry Hockaday January 30, 2019

By virtually any measure, the Hilton family is successful. Over the past three decades, the family has expanded its Strathmore, Alta.-area operation from just over 2,800 acres to around 13,000, diversified crop production, and started a successful malting and brewing company that complements the core farm business. As well, family members have taken leadership roles

Seven rules of behaviour for family farm teams

By Maggie Van Camp May 29, 2018

When the next generation comes home, Elaine Froese says families can set up some rules of engagement right away so everyone knows and can operate within that culture. When new people join the team, it can help to clarify expectations. “Culture is the invisible glue that holds the farm and the family together. It is

Daily Network News

Pulse Weekly: SPG looks back at harvest, ahead to trade

U.S. grains: Soy futures set 15-month high after China agrees to purchases

U.S. livestock: CME cattle futures take a pause after recent slides

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