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Channel: Elaine Froese' Farm Family Blog » Succession Planning
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Crippled By Fear of Court

Their faces were contorted with fear as I spoke about the importance of a well-crafted will. At the lunch break the farm woman confessed that her husband was being sued by 5 greedy siblings, under the...

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Whose Mouth Should Be Moving At Your Meeting?

Many farm families are feeling a deep sense of guilt knowing they should be having business meetings, but they just don’t seem to get around to it. The key factor is understanding why you need to meet....

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A FARM WIDOW’S BUSINESS SAVVY

Another fatal farm accident report hits my ears, just after presenting to a large group in Westlock Alberta.  “Another young farm widow joins a club she doesn’t ever want to belong to, I wonder how she...

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Shed Some Stuff and Share the Story

As I write this, we are in the final stages of seeding the crop. As you read this, I hope you are camping with family, or relaxing after a full day of haying or spraying. The busy season on the farm...

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“Grandpa, Do You Want to Finish Well?”

“I wasn’t able to talk  for over  two years about what happened with my grandfather”, a young farmer confides as he describes a bitter battle over the transition of land titles from his father’s father...

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“You Are Not Alone”

As we flipped the chart of papers from the young farmers seminar in St. John’s a phrase caught my eye. A young producer had shared that one of the key insights of the day was “ I am not alone”. Farm...

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The Power of Target Dates, Timelines and Action

There’s nothing more scary for farm families who are trying to gain control over their lives than to have no clue about what the future holds. I am chuckling as I write today because today is the first...

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Cain’s Legacy – Farm Sibling Strife

The radio announcer suggested that the longest relationships we have are with our siblings, 80 years or more, and he hoped they were good ones. Then he mentioned the book “Cain’s Legacy: liberating...

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What the Next Generation Needs for Succession Success

Founders typically want to know where their income streams will be after they let go of power and control of management and/or ownership. They also have marital conflict about  home residence issues,...

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Give Dad Reasonable Expectations

Another teary-eyed father sits in my coaching session rubbing his face, trying to hide his disappointment. He really wants to get things sorted out with his son, but his emotions are keeping him stuck....

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