Sharing knowledge - a major part of any successful farm transition

Someday, the keys to your farm will be handed to someone else. Are you ready to get them up to speed? Are they ready, and do they have the skills required?

For Canadian farm families, a successful transition needs a plan for both ownership and the transfer of knowledge and responsibilities.

A farm transition isn't just about transferring ownership

Equipment, land and ownership can be transferred through a plan. Experience, decision-making and years of practical know-how require intentional effort. Sharing knowledge early and building the next generation's skills and experience can reduce risk and strengthen your transition plan.

Owning and operating a farm is complex and requires many different skills and experiences. It ranges from having a gut feeling that the ground is still too tacky to work, to adopting a new technology, to building a network of information resources to help with marketing decisions. 

That's why transferring knowledge and responsibilities is a step in FCC's pathway to transition. It's not only about passing on assets and the business. It's also about preparing people to take over and manage the farm.

Key takeaways

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