The Rural Voice, 2005-01, Page 20Bio -Ag Consultants & Distributors
The True "Bottom Line"
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Dennis Batte, Belmore 519-392-8000
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fear of what you may find there, in sickness and
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Brian Middleton, Hickson 519-462-3012
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16 THE RURAL VOICE
Development Manager with the Huron
Business Development Corporation is
looking at this aspect of the business as
he considers how to start a beginning
farmer program at the Seaforth-based
community development agency.
While the centre has put the program
on its planning agenda, Nichol says
he's still not sure just what to do to be
of most help in filling the need to
repopulate the farm population and
may turn toother farm leaders for
advice.
Though there are some people
who didn't grow up on a farm
who still dream of a life in the
country raising crops and animals, the
reality is that the vast majority of the
next generation of farmers will be the
sons and daughters of today's farmers.
Coughler, who has been working
on succession planning with OMAF
since 1999 and previouly worked in
Manitoba, says the message he keeps
Start early with
succession planning
giving farmers is the sooner they get
involved in succession planning the
better. People keep asking technical
questions on tax implications, etc.,
but he tries to get people to look
instead at the overall goal of what
they are trying to accomplish.
It's essential to determine what's
important to each generation in a
farm transfer. What are the goals and
aspirations of the young farmers.
What's important to the generation
nearing the end of its farming career.
Do they want most of all to hand the
farm down within the family, perhaps
in a gradual process, or are they
looking for a quick exit? Sometimes
a young farmer will work with
parents for years and sometimes
they'll have been working off the
farm and want to come back and take
over completely.
In his Factsheet on the OMAF
website, (http://www.gov.on.ca/
OMAFRA/english/busdev/facts/03-
053.htm) Coughler notes some
farmers have a difficult time
considering the topic of succession
due to emotional connections — both
to family members and the farm
business. This can then lead to
avoidance, which is not the best
strategy, he says.