Farm Succession: Young Farmers Face Big Challenges But There’s Hope!

Farm Succession: How Do You Plan for Tomorrow When Today Feels Impossible?
#farmsuccession #familyfarming #farming #agriculture #farmer

In this episode of The Impact Farming Show, I tackle one of the hardest realities facing Canadian farm families today: how do you even think about transition planning when you’re just trying to survive?

Margins are tight. Input costs are soaring. Grain prices are weak, and the cost of cattle is through the roof. While many others are upside down and facing a tough reality due to uncertainty of government policy and trade wars. For many, it feels nearly impossible to look beyond the next season.

But here’s the truth: planning for the future isn’t a luxury—it’s a lifeline. Transition planning isn’t just about retirement, it’s about protecting your farm, your family, and your legacy against the unexpected.

You’ll hear:

0:00 - Introduction
2:08 - The Current Reality in Agriculture
11:20 - The Generational Clock is Ticking
12:00 - The urgency of the next decade:
*A May 2025 University of Alberta study shows 88% of Canadian farmers don’t have a formal succession plan.
*By 2033, 60% of farmers will be over 65.
*Two-thirds of Canadian farms have no succession plan, and 85% of retiring farmers haven’t identified a successor.
13:28 - Threats to Canadian Agriculture
15:55 - The Opportunity & Blessing of The Family Farm
17:00 - The Importance of Starting The "Hard" Transition Planning Conversations
18:00 - Learning to Understand The Transition Planning Process
20:20 - The Next 10 Years is Mission Critical In Agriculture
20:45 - Why Young Farmers Are Still the Future
23:45 - Keeping the Transition Conversation Alive
37:30 - Action Steps for Young Farmers
39:00 - Tracy's Early Journey Into Farming
41:00 - Closing Motivation For Young Farmers

This conversation is about farming dreams and keeping the family farm alive for generations to come. Transition planning isn’t about someday—it’s about making sure your farm can weather both today’s storms and tomorrow’s unknowns.

I hope you enjoyed this conversation as much as I enjoyed creating this episode.

Thanks for tuning in friend,

Tracy

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🔗 FREE DOWNLOAD: Transition Planning Resource Guide. Tracy shares a new free tool for listeners eager to learn more about transition planning. https://www.farmmarketer.com/impact_farming_show/free_resources

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✅ About The Impact Farming Show: Produced by Farm Marketer.

Farm Marketer is a Canadian digital media company specializing in publishing agriculture content that matters most to Canadian farmers: news, commodities, agriculture events, agriculture real estate for sale, and much more.

Farm Marketer is also the proud producer of the award-winning agriculture show The Impact Farming Show. This weekly video and podcast show is dedicated to introducing farmers to the people and ideas that will impact their farming operations.

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#farmsuccession #familyfarming #farminheritance #successionplanning #agriculturelife #farmlife #farmer #farming #farm #farmers #agribusiness #youngfarmers

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Farm Succession: How Do You Plan for Tomorrow When Today Feels Impossible?

Видео Farm Succession: Young Farmers Face Big Challenges But There’s Hope! канала The Impact Farming Show: Produced by Farm Marketer