The 2026 Canadian Dairy Business Summit included two dairy producers who have successfully navigated the farm succession process. Paul MacLeod of Darcroft Farms near Embro, Ontario, and Clarence Markus of Markvale Holsteins near Beachville, Ontario, detailed their respective roads to completing their plans.

The difference between a fair easement and a long-term problem often comes down to easement terms that get overlooked. Estate planning, financial planning and other long-term strategies often get the most attention in discussions about keeping a ranch intact for the next generation – and for good reasons; those tools are critical to ensuring an operation can transition smoothly.

As I write this, I can hear the crunching of roof and tin being pulled away from our old dry cow barn on our dairy farm. The barn has been here for longer than I have. Shortly after we purchased our own herd, the barn became a dry pen. So, for the past 21 years, the barn has served as the place where basically all our animals calved.

The third generation rule is the commonly cited notion suggesting most family businesses don’t survive beyond the third generation. Josh Baron and Rob Lachenauer, writing for Harvard Business Review in an article posted July 19, 2021, performed extensive research and shared convincing arguments that this “rule” is a myth without statistical or historical proof.

Succession planning protects the family operation before crisis forces decisions no one is ready to make.

By the time the corn silage is covered and the last acres of sunflowers are combined, the pace at Feikema Farms hardly slows. Located in Rock County in southwest Minnesota, the operation feeds roughly 4,000 head of cattle while cropping nearly 6,000 acres, a scale that reflects decades of steady growth and careful decision-making.

In late January, PDP’s Managers Academy ventured off the mainland for its first-ever event in San Juan, Puerto Rico. With the theme, “Business Prime on Island Time,” the event challenged dairy producers and industry representatives to take a closer look at their business structure and how to position it for success into the next generation.