Grounded in faith and family while investing in the future, Aletta Holsteins followed an articulate succession plan. The family now operates two dairies and has expanded to poultry and hogs as well.

Succession planning is being addressed across the nation to help farmers and ranchers plan to pass down an operation to the next generation. These plans focus on the transfer of assets to one or more heirs, keeping land intact if possible, providing for retirement and so on.

In agriculture, uncertainty is a constant challenge, from unpredictable weather patterns to fluctuating market conditions. However, these uncertainties should not paralyze decision making or delay essential long-term strategies such as succession planning.

In Olds, Alberta, not far outside Calgary, Harvie Ranching stands as a testament to the lasting tradition of family farming. For over four decades, members of the Harvie family have dedicated themselves to the production of top-quality cattle.

From COVID-19 to governmental policy changes to H5N1 avian influenza (bird flu) outbreaks, the unpredictable is coming at us at a faster and faster pace. When making your contingency and continuity plans, here are some of the key areas of preparedness you should consider.

Family business succession that builds family relationships and continues to perpetuate a successful business requires attention, time investment, deliberate planning and communication.

The modern agriculture landscape often calls for a more strategic approach – one that may involve identifying and grooming a non-family successor.

Transition planning is never easy or simple, but some cases are much harder than others. If you are at an impasse, it may be time to evaluate the consequences of continuing with a transition plan so you can make the hard decision sooner rather than later.

It’s an exciting time when the next generation determines that they are going to pursue a career on the farm.