Transition Planning

Farm transition planning is the process of preparing for the transfer of farm management, ownership, and assets from one generation or party to another. This includes developing strategies for financial arrangements, legal transfers, knowledge sharing, and ensuring business continuity while addressing the needs and goals of all parties involved. This process can also be called succession planning.

Over the next decade, approximately 1000 Wellington County farms are anticipated to transition management or ownership. 

This period of change will impact not only primary farming businesses, but also the suppliers of inputs, marketing and processing for these farms. Yet, according to the 2021 census, 10.5% of Wellington County farms – just 276 - had a written plan to navigate these future changes.

Whether you're planning to pass your farm to family, sell to employees, or find outside buyers, having a clear transition plan protects your legacy and ensures your operation's continued success.

Ready to kickstart your transition journey? Join us to learn where to begin and how to keep the momentum going! Register using the links below.

• Register for Getting the Transition Ball Rolling: Where to Start and How to Keep Moving
• Register for Communication: Greasing the Wheel of Succession
• Register for The Bumpy Road from Farm Advisor to CEO

That's why we created Your Farm, Your Future. This easy-to-use guidebook will help farms navigate the conversations around succession planning and specific considerations around three scenarios:

• Outgoing generation with a family successor
• Outgoing generation without a family successor
• Incoming generation in a non-family succession

Your Farm, Your Future guide 

Remember that succession happens in steps, and it can be helpful to engage with professionals during this process. Your Farm, Your Future was created in consultation with the professionals at Farmer's Bridge and Loft32. Plan ahead, plan well.

Farmers’ Bridge

Wellington County farmers have free access to the Farmers’ Bridge bundle on utensil.ca. This includes the Transition Foundations and Transition Communications courses that review common terms, potential conflicts that may arise and how to navigate tricky conversations. Input your email and township into the webform below to receive an email to access.  

Additional Resources 

We couldn’t add everything to Your Farm, Your Future. Check out further content and reading below. Buttons will open a new page.  

If you need more room to write, see the printable resources from Your Farm, Your Future below.