Ontario Agriculture

The network for agriculture in Ontario, Canada

Are you prepared for tragic transition?

Over the past several weeks we have posted three videos featuring interviews that were filmed in the spring 2014 with Wayne Skrypnyk, the founder of Skrypnyk Group. We have shared these videos in order to highlight some important areas that businesses should address in order to achieve high performance.

One key area is that of preparing for transition. In July of 2014, Wayne passed away suddenly. Wayne was a true leader, an inspirational presence and a friend. People such as Wayne are not replaced. It is now the responsibility of all who have had the fortune to work with Wayne to continue on the legacy which he started over 25 years ago.

It is times like these that force all of us to reflect on many things. One item that was highlighted in the videos is the fact that many business owners do not plan for transition. One day you will dispose of your business. It might be while you are alive, or it could be upon your death. Either way, as an owner it is imperative that you undertake the appropriate planning to ensure that the transition happens on your terms and that the business is in a position to carry on in your absence.

Business succession is a situation that is detailed and discussed in countless case studies. But to us, it is real. It is fortunate that as a firm, we had taken our own advice and are therefore in a position to continue the legacy that is left by Wayne, and built by the team.

How ready is your business for transition? What would happen if you, or a business partner of yours, suffered an unexpected tragedy? Who would your business partners be?

Transition is often difficult for business families. We prefer to spend our energy thinking of how to build the business instead of planning our exit. However, as we have learned in no uncertain terms – you will transition your business one day.  You may not be able to choose the timing, but you can choose that the transition takes place on your terms and that the business is well positioned to continue building upon your success.

Views: 195

Comment

You need to be a member of Ontario Agriculture to add comments!

Join Ontario Agriculture

Agriculture Headlines from Farms.com Canada East News - click on title for full story

How one company is reducing agricultural waste on Earth Day

As the world celebrates Earth Day on Monday, one agriculture organization is reflecting on the work it accomplished in 2023. According to a release from CleanFarms, a non-profit group that ensures farmers actively contribute to a healthy environment, the agriculture industry used many recycling and safe disposal programs for agricultural plastics and packaging last year, and there’s certainly an appetite for more solutions in the future. One example that CleanFarms offers is AgriRÉCUP in Quebec, which operated four permanent collection programs and two pilot programs in the province that captured pesticide and fertilizer containers, plastics for hay and silage protection and seed, and pesticide and fertilizer bags. “We’re thrilled to have seen so much expansion in our programs last year,” said Barry Friesen, executive director of Cleanfarms. “Earth Day encourages us to acknowledge the important work we get to do on behalf of our members, with farmers, first sellers, ag retailers, an

More incentive for grads to consider agriculture-focused vet career

On any given day, Prince Albert, SK veterinarian Peter Surkan sees roughly 40 patients, but for every patient he sees, there are dozens more waiting. To accommodate all of the clients in the area, Surkan said there needs to be more vets, especially in smaller, rural communities. His practice in Prince Albert only has three full and part-time veterinarians, compared to 10 vets a decade ago. On Friday, the province announced $13.2 million in funding to the Western College of Veterinary Medicine (WCVM) in 2024-25, representing a $667,000 increase over last year. The money will partially subsidize 25 training seats for Saskatchewan students. “We continue to see a rising demand for veterinary services in the province and they are a key support for our growing economy,” Advanced Education Minister Gordon Wyant said in a press release. “This is a priority investment for Advanced Education that supports the continued implementation with five new seats, bringing the total now to 25 seats, t

Squeal on Pigs Manitoba receives new Sustainable Canadian Agricultural Partnership funding

Manitoba Pork, in partnership with the Government of Canada and the Province of Manitoba, and in collaboration with Manitoba’s agricultural sector, is pleased to announce that the Squeal on Pigs Manitoba initiative will receive over $2.6 million over the next four years to further the work of tracking and removing wild pigs from Manitoba’s landscape. “Wild pigs continue to thrive across Manitoba and are vectors for many diseases that have a devastating impact on both domestic pigs as well as other animals,” said Dr. Wayne Lees, project coordinator, Squeal on Pigs Manitoba. “Together with our partners in both the provincial and federal governments, as well as Manitoba’s agricultural sector and stakeholders across the province, this new funding will allow us to further our efforts to track, trap, and remove wild pigs from the landscape and protect our province.” The goal of the Squeal on Pigs campaign is to identify where wild pigs are in Manitoba, control their spread, and remove as m

Another year of guaranteed financial return for CRSB Certified beef producers from Cargill, its supply chain partners and the Canadian Roundtable for Sustainable Beef

The Canadian Roundtable for Sustainable Beef (CRSB) has once again partnered with Cargill and its customers – Centennial Food Solutions, Gordon Food Service, Intercity Packers, MacGregors Meat & Seafood, McDonald’s Canada, Metro, Recipe Unlimited and Walmart – to provide up to $400 CAD for beef producers maintaining their CRSB Certification. This credit will be provided for another year to “fill the gap” for Canadian beef producers who have made the upfront investment of becomingCRSB Certified but did not receive at least $400 CACargill Certification Credit USE D in financial return for qualifying cattle processed in 2023 as part of the existing Qualifying Cattle Credits  I would like to extend my sincere thanks to these organizations for supporting the CRSB Certified program for another year. In 2024, CRSB will prioritize identifying long-term solutions to ensure certification provides financial value and enduring benefit to producer participation,” said Ryan Beierbach, Chair of the

Competition Bureau Raises Concerns with Bunge-Viterra Merger

The Competition Bureau has thrown some cold water on the proposed Viterra-Bunge merger. 

© 2024   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service