Ontario Agriculture

The network for agriculture in Ontario, Canada

96% of Ontario Farmers are neglecting this Spring Chore.

It’s that time of year again – the time when goals are set and plans are put in motion. Spring means doing what needs to be done now to give yourself the greatest chance of success later. Waiting to get started isn’t an option. If certain steps aren’t taken now, the rest of the season is at risk. Farmers know better than most that we reap what we sow when it comes to planning ahead and doing the hard work upfront. And they know all too well that not planning and not doing the work leads to anxiety and disappointment. But what isn’t so common among farmers is an appreciation of how these principles apply not just to the harvest, but to their personal and business affairs as well.

 

Just look at the facts: only 18% of Ontario family farm business owners have a valid will. A mere 4% have a fully developed plan to deal with the eventualities of incapacity, retirement, and death. Meaning that 96% of farmers, their families, and their farming businesses are dependent on the farmer never getting sick, never retiring, and never dying. It’s not an ideal plan.


So why do we expose ourselves to this level of uncertainty and risk? It can’t be that farmers aren’t planners, and it’s certainly not because farmers are afraid of hard work. No, it’s that farmers, like most non-farmers, don’t want to talk about death. But good news! Farm Business Succession Planning isn’t about death. It’s about making decisions and working towards goals in a way that maximizes profits and minimizes losses. It’s about identifying opportunities and creating options. It’s about setting you, your family and your business up for success both now and in the future.


If you still aren’t convinced that now is the time to start the planning process, what about if we told you the government was paying for it. Yes, believe it or not the government will pay the professional fees of your advisor through government cost-share funding.


By adding “call my business advisor” to your list of Spring Chores you’ll be taking a significant step toward protecting yourself, your family and your farm for seasons and generations to come.


This discussion thread was written by Ms. Nicole Allen, BA (Hons), LL.B., of ALLEN Trusts & Estates.

Views: 444

▶ Reply to This

Replies to This Discussion

Permalink Reply by OntAG Admin on March 29, 2012 at 6:48am

Hi Nicole,

This is a tough topic for most families.

Complex and emotional...

Thanks for sharing your thoughts.

Joe

Permalink Reply by Roadrunner on May 17, 2012 at 1:24am

We find it hard to talk about and time goes by as you get busy.

RR

Permalink Reply by Chris Allen on May 17, 2012 at 4:48am

That's exactly it RR. The issues are difficult and complex. But they do get easier to address once they're out in the open. People are usually reluctant to open that can of worms, but that's the thing about worms, they dry up when exposed to sunlight.

And that's why I think the cost-share program is such a good one.

It gives farmer's access to professionals who can help with some of the more difficult or delicate issues (family dynamics, financial uncertainty, business management transition strategies, etc.), provides timelines that the advisor is responsible for helping the farmer meet, and by covering a significant portion of the costs, it's essentially reimbursing the farmer for the time spent away from the day to day business of running the farm. It removes the issue of costs from the equation while giving farmers access to advice that can save tens of thousands of dollars and years of extra work.  

It's not easy but it's time well spent.

- Nicole Allen


Roadrunner said:

We find it hard to talk about and time goes by as you get busy.

RR

Permalink Reply by Roadrunner on August 6, 2012 at 4:20am

Thanks Nicole,

I am going to look into this program this fall when I have a little more time.

RR

▶ Reply to Discussion

RSS

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

Canadian Beef Check-Off Agency Scholarship Winner

The Canadian Beef Cattle Check-Off Agency is pleased to announce that Ryan Trefiak of Edgerton, AB has been awarded the 2026 $2000 scholarship. Ryan is pursuing studies in Agricultural Systems Technologies at Iowa State University. This year’s judging panel noted they were impressed by the quality and dedication of all candidates, making the selection process a difficult one. Since its launch, the scholarship program has grown into one of the Agency’s most wide-reaching communications initiatives, connecting with students across the beef industry and helping support the next generation of leaders in Canadian agriculture. Congratulations, Ryan! We wish you continued success in your studies.

Field Week: Covering distance, literally and academically

There is only so much environmental science that can be learned in a classroom or science lab. Field experience is woven throughout Lakeland College’s environmental sciences programs, with labs taking place in the natural spaces on and around campus throughout the year. Each year, however, that experience is intensified during Field Week. That’s when second-year environmental sciences students find themselves knee-deep in the river electrofishing, setting up and checking small mammal traps, deploying autonomous recording units, constructing bat houses, capturing, banding and releasing songbirds, reading soil profiles, touring mine sites and assessing wetlands. “I love the hands-on experience,” says Mackenzie Hamm, a second-year environmental sciences student majoring in wildlife and fisheries conservation. “We’ve got to learn quite a few different things. It really brings into context what we’re learning in the classroom, so I can actually apply all of that theory that we’ve been doi

Growing the future: Judy Sweet invests in Lakeland’s ag students

Judy Sweet is continuing her longstanding support of Lakeland College agricultural sciences students by investing in the Student-Managed Farm (SMF) Lab Revitalization project. Sweet’s gift will support upgrades to the calving barn on the Vermilion campus farm, enhancing agricultural teaching, applied research, animal care and industry collaboration. The improvements will also strengthen facility functionality, sustainability and long-term operational capacity. “Judy Sweet’s generosity is an investment in the future of agriculture and in the students who will lead it,” says Dr. Alice Wainwright-Stewart, president and CEO of Lakeland College. “Her continued support of Lakeland’s Student-Managed Farm helps us provide the modern facilities and hands-on learning experiences our students need to put their education into action. This gift will strengthen animal care, help advance applied research and prepare graduates to make a meaningful impact in this essential industry. We are deeply gra

Canada could add $5.4B to GDP by processing more of its crops at home: EY

Canada could generate up to $5.4 billion in additional GDP and support approximately 34,000 full-time-equivalent jobs by redirecting just 10 per cent of its raw crop exports to value-added processing here at home, according to new EY analysis released today by Protein Industries Canada. The findings come as the federal government has made domestic food processing a national priority through its National Food Security Strategy. The strategy calls for Canada to reduce its dependence on other countries by processing more of the food it grows and sets an explicit objective to increase domestic processing to strengthen self-sufficiency and drive economic growth. Canada already has an extraordinary foundation to build from. Its food and agriculture sector contributed $149.2 billion to GDP in 2024 and supported 2.3 million jobs, while Canada remains a leading producer of major crops including wheat, canola and corn. But too often, Canadian crops leave the country before the higher-value pro

Thiesse, Parman discuss farm economy, tight margins at Big Iron

Live from the Big Iron Farm and Construction Show on Wednesday, Sept. 16, Kent Thiesse, farm management analyst, and Bryon Parman, NDSU farm management specialist, joined the Red River Farm Network’s “Issues and Events Center” to discuss the farm economy and the tight margins farmers are dealing with. The conversation kicked off with both guests discussing their concerns when it comes to farm balance sheets heading into 2027. “I think there’s certainly some positivity out there in the markets,” Thiesse said. “We’ve seen a runup in both corn and soybean prices, even wheat prices. Unfortunately, we’ve also seen a runup in input costs, as well. Fertilizer costs a year ago at this time were a big concern. They’ve kind of leveled out, but they haven’t really come down much. “As we look forward and start running the pencil for next year, even with higher commodity prices, we’re maybe breakeven on soybeans and we’re in the red with corn based on the numbers I’ve looked at. We’re facing som

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service