16 Nov Finding Fairness in Farm Transition Workshop
Farm succession is a tough topic, but it is vital. We are excited to welcome Elaine Froese, Canada’s Farm Whisperer, as we host her famous one-day workshop: Finding Fairness in Farm Transition. Through this workshop, Elaine will give attendees tips and pointers for successfully working through the ‘undiscussable’. Elaine is the go-to expert for farm families who want better communication and conflict resolution to secure a successful farm transition.
Farm succession planning has been noted as a top stressor in multi-generational farm families. Stressors include:
- Loss of control
- Fear of Failure
- Loss of purpose
- Loss of wealth
- Family friction
However, as families procrastinate and avoid succession planning, these fears become a reality. A transition plan, where the current generation can step back but not step out, helps give founders and the next gen farmers a clear path forward; a sense of security creating certainty around transition. It allows the farm family to move away from anxiety and overwhelm enabling them to chart a harmonious path forward to sustainability and increased profitability. Asking powerful questions about what you want for the next chapter of your farm will help you reach your goals.
In the Finding Fairness in Farm Transition Workshop, you will:
- Identify key challenges, such as decreasing anxiety over the uncertainty of your future and share them with your farm family.
- Understand what communication style helps you be understood and the style you use.
- Learn new language and questions to help you get clarity of expectations, certainty of timelines and agreements and a commitment to action.
- Navigate conversations about fairness by having financial transparency and sharing your intentions around the transfer of your wealth.
- Create a timeline for action on all the pieces of the transition: communication plan, estate plan, financial plan, business vision, conflict resolution strategy.
- You will not be given tax advice as Elaine is not an accountant, she’ll help you with more tools for finding harmony in communication and conflict resolution.
- Know which advisors you need to pull in to find out the income stream from the farm and from your personal wealth bubble.
Don’t miss this chance to see Canada’s Farm Whisperer in person on Saturday, March 16th from 8:30 am – 2 p.m. at Huntington University. Click here for tickets!