The ABC's of Inter-generational Succession Planning
Agriculture Boot Camp
Succession is son e of the biggest challenges many inter-generational family farm operators face. There are many potential pitfalls on the way to a successful hand-over of the farm, and usually several members of the family are directly involved over the course of several years.
It can get complicated. Confusion, differing expectations, relationship issues, and the possible hesitation of the first generation to progress with decisions are potential stress points.
It is critical that all involved have a clear, agreed on plan that maps out how succession will occur, and how to deal with unexpected complications.
A Unique One-day Succession Seminar
AME together with GRS Consulting are developing a unique one-day interactive seminar to illustrate the opportunities and issues of inter-generational farms, while providing practical solutions to craft a successful farm business.
Renowned Succession Expert Merle Good tackles intergenerational succession by co-presenting with his daughter, Annessa, who has recently come home to join the family farm and business. Both generations' perspectives and opinions will be highlighted and discussed.
Key topics that will be explored in this informative seminar include:
Farm Family or Family Farm?
This decision provides a road map that needs to be travelled.
Farming is an Equity Game - Not an Income Game
Businesses require time, money and sacrifice. Are you and your partner both ready and understanding of what this entails?
Roles and Responsibilities
Do you have a career path to ownership? Or are you just working on a promise? Operational Clarity needs to be your mantra.
"It's not personal, it's just business"
Business necessities are explores, including matrimonial issues, non-farm siblings, Buy/Sell Agreements, Purchase Options, & Financial Viability. What is the Earned Equity Worth?
Succession and Estate Planning
These are separate pieces. Understanding the differences is key to unlocking the Family Farm Puzzle.
Plan to attend this invaluable seminar.
Merle Good graduated from the University of Alberta with a B.S.C. degree in Agriculture Economics. Merle, his wife Peggy & daughter Annessa have created GRS Consulting Ltd
Prior to his private sector endeavor, Merle worked for over 30 years as the Alberta Provincial Farm Tax Specialist. Merle focuses on unique business structures and tax strategies to facilitate intergenerational Succession. This expertise combined with his practical experience of owning and operating a multi-generational farm has created a unique combination of skills and insights to enable clients to meet their business and personal goals.
Their company motto is “Succeeding in Succession.”
Merle continues to work with top accountants and lawyers throughout Canada and on a yearly basis speaks at over 20 public seminars and works with over two hundred farm clients per year. Merle and his family continue to reside on the family farm near Cremona Alberta.
Annessa attended Mount Royal University, where she studied Business, specializing in Supply Chain Management, giving her a unique insight into operational functionality. After graduation and working in Calgary for various industries, Annessa knew in her heart that she needed to return to Agriculture. Therefore, Annessa has since moved home to her family farm near Cremona, AB, and is slowly starting to re-build her cow herd. Annessa has since begun working in her family’s consulting company, GRS Consulting Ltd. (GRS). GRS is a leading-edge, Succession Planning Consulting Company servicing over 250 clients and presenting at approximately 20 seminars per year. It is here, that Annessa has found her niche, providing a voice for the Younger Generation at the Succession Planning Table. Whether it be writing articles, sitting in on client meetings or co-presenting with her father, Merle Good, Annessa’s focus and passion is to ensure that there are business opportunities and most importantly business clarity, for the younger generation regarding Family Farm Sustainability and Succession Planning.
Heather overseas the operations of AME as well as instructs in the CTEAM Program. She most recently managed The Success for Women an agri-food project for the Agriculture and Food Council of Alberta. Heather and her husband operate a 3rd generation family grain farm in central Alberta. Operating as business manager, she has a strong interest in farm business management and leadership skills, which led her to complete CTEAM as well as the TEPAP program through Texas A & M. She served as Chair for the Agriculture and Food Council of Alberta for four years.
$125 (+applicable tax)
Date & Location
December 12, 2018
10:00 am - 3:00 pm
REGISTER FOR THIS COURSE