Planning for the family farm goes beyond financial decisions. Succession planning for a farm is about preserving your family’s legacy while balancing the needs of the business and its future owners. It requires a strategic approach to address both the operational and emotional aspects of transitioning the farm to the next generation.


Personalized

Certified financial advisors crafting solutions aligned with your mission.

Expertise-driven

We offer planning by investment and financial management professionals.

Comprehensive

Integrated services to address leadership transitions and governance.


Your family farm's succession journey

We work with farm owners to create a personalized plan that reflects your goals and values, ensuring the longevity of your family farm and financial stability for all involved.


When to start succession planning

Succession planning is essential for ensuring the continuity of your farm and preserving your family’s legacy. Starting early allows you to:

  • Prepare the next generation for farm management and ownership.
  • Address tax implications with guidance from a certified financial planner to optimize financial outcomes.
  • Balance family dynamics to ensure a fair and equitable plan with help from a trusted wealth advisory group.


We'll collaborate with you to address key questions, such as

  • How do we maintain harmony among family members?
  • What tax strategies can optimize the transfer process?
  • How can we secure retirement income for the transitioning generation with effective wealth management services?


How to begin planning for farm succession

A successful transition involves multiple stages, including:
 

  • Transfer of Labour – Engaging the next generation in daily operations to build familiarity and experience.
  • Transfer of Management – Gradually shifting decision-making responsibilities while mentoring successors with guidance from experienced investment management Winnipeg professionals.
  • Transfer of Ownership – Implementing strategies to ensure a tax-efficient transfer of assets and equity with the help of a certified financial planner.