Season 3 Countdown - 1st Place - "Farm Transition Part #1: Succession Planning" w/Merle Good and Annessa Good

We are celebrating The Impact Farming Show's 3rd Anniversary. To celebrate, we are counting down and rebroadcasting the TOP 5 episodes from season 3.

This week we are excited to bring you our #1 highest listened to and watched episode, which was “Farm Transition Part #1: Succession Planning" w/Merle Good and Annessa Good

Originally aired on May 12, 2021 - We had the pleasure of having this dynamic duo on the Impact Farming Show, as father and daughter, their unique situation allows them to bring a multi-faceted and multi-generational view to farm transition planning. 

Merle and Annessa Good have so much valuable information to share with us, so we felt it was best to feature them in 2 different episodes.  This first episode is all about Succession Planning, you do not want to miss it.

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In this week’s episode, we will be speaking to Annessa Good and Merle Good in the first of a two-part episode about Farm Transition.

Merle is a Farm Business Management Consultant and has been working with farm families for decades. Annessa is a Farm Transition Advisor with Farm Credit Canada.

In this week’s episode, we will be discussing Succession Planning, and in next week’s episode we will be discussing Estate Planning.

In this episode;

Merle and Annessa define succession planning and estate planning and share how they see them as two pillars within the umbrella process of transition planning. They expand on why they encourage farm families to look at who takes over the farm (succession planning) and the farm wealth (estate planning) separately and then again as part of the much larger picture. They speak to the importance of communication and how unspoken expectations are the silent killer on family farms. Merle and Annessa discuss farm roles, responsibilities, and compensation. They share how farming is an equity game versus an income game and they speak to why this difference is important.

This episode is jammed packed with nuggets of wisdom and strategies from Merle and Annessa’s work with Canadian farm families.

You DON’T want to miss this one, and make sure to tune into next week’s episode for part two of this interview.

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