B.C. TRANSITION TOOLKIT FOR NON-FAMILY FARM TRANSFER

STAGE 3: Making a Plan

The farmers know their vision and desired model, and are further exploring what structures will allow them to achieve that by looking at relationship structures, legal agreements, and financial supports. This stage is about identifying the solutions, and costing them out. The goal is for everyone to understand what is needed to facilitate the transition.

STRUCTURING YOUR TRANSITION

In the previous stages, you’ve set your vision and explored different models for transitioning the land and farm business. This section, Stage 3, explores the on-the-ground solutions that can help you achieve your goals. Transition plans take time to develop, and even longer to implement. During the transition process, it is helpful to have a clear understanding of the relationship between the current and entering farmer, and to put a formal structure around the relationship with agreements around business planning, land use, compensation/profit sharing, decision-making and exit strategies in case either party does not want to continue with the transition planning process.

The solutions you use will depend on the needs of the parties and the existing organizational set up. These may be viewed and implemented as interim solutions leading to eventual transfers of land and farm business ownership, or long-term solutions in themselves, depending on the visions established in Stage 1 and the decisions made in Stage 2.

RELATED TOOL:

FARM MANAGEMENT DECISION-MAKING FRAMEWORK

Continue to STAGE 4: Document
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