Tag Archives: Community of Practice

Key takeaways from the Succession Planning Community of Practice

On August 16, 2018, participants had the opportunity to hear from four presenters about how communities can support the transition of farm businesses during the Agriculture Economic Development and Planning Community of Practice webinar.

Mark Ferguson of the Ontario Ministry of Agriculture, Food and Rural Affairs’ Business Development Branch began the session with a definition of succession planning. 

Succession planning as a process that occurs over time during which a family plans for the transfer of knowledge, skills, labour, management, control and ownership of the farm business between the founder (retiring) generation and the successor (next) generation.

He went on to share why some producers are not planning for succession  including: Continue reading Key takeaways from the Succession Planning Community of Practice