Vexxit

Life After Harvest: How To Plan a Family Farm Transition

Thursday, May 05, 2022 | 01:00 PM CST

As an owner or member of a family farming business, you know that the roots run deep in your farming operations. In Canada, 98% of farms are family owned, while the average age of farmers is 55. Effective farm transition planning is imperative to the future of Canadian agriculture.

In this webinar presenter Riley Sitter, Associate Portfolio Manager at PWM Private Wealth Counsel, iA Private Wealth, is with us to educate two generations of farmers at the same time; the incoming generation and the outgoing generation. Both generations have something to gain as discussion focuses on how to prepare for a ‘transition’ off or onto the farm.

Here's what we'll cover:

  • Business structures

  • Family farm transitioning

  • Selling vs. transitioning the farm

  • Farm rollover rules

  • Farming vs. non-farm assets

  • Capital gains exemption

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