The Role Of Professional Advisors In Slowing Or Preventing Development Of Future Farmers In Canada: What If We’re Part Of The Problem?

Patti Durand

No 400139, 24th Congress, Saskatoon, Canada, 2024 from International Farm Management Association

Abstract: Succession planning has been an incentivized process for Canadian family farms, with extensive support and resources available for several decades. As most farms still do not have a documented plan for their succession in 2024, what other factors might be at play? This paper reviewed research to consider: could the family farm’s professional advisors be playing a role in preventing the development of future farm leaders and therefore slowing the process? The following factors were considered: traits unique to Canadian family farms, known biases that might influence the advisors, the advisor-successor relationship and well-intended but unhelpful value-add practices. The barriers to advisor-successor connections are evident, as is the critical opportunity to improve these relationships to foster fruitful succession planning processes. The advisors are not solely responsible for the challenges, but they can be a significant catalyst for progress and better outcomes.

Keywords: Farm Management; Industrial Organization (search for similar items in EconPapers)
Pages: 10
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma24:400139

DOI: 10.22004/ag.econ.400139

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