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Items Tagged with 'sweat equity'

ARTICLES

The hard truths about farm succession planning: Why tough conversations are worth it

Having tough conversations now can alleviate stress and hard feelings in the future. Discussing expectations and desires openly with all parties involved will create a successful succession plan.
April 23, 2026
Andy Leach

Avoiding succession planning doesn’t prevent conflict – it creates it. Planning early and communicating openly may feel difficult, but it is also the only way to remain in control of what happens next.


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Nontraditional transitions in dairy farming

Mentorship, leasing and partnership are some of the ways to transition the farm to a trusted individual that is not part of the family.
September 2, 2025
Bill Oppreicht

Transitioning a dairy operation through lease, sale or partnership involves more complexity than many other farm enterprises. This article discusses some key areas that require careful attention.


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The importance of keeping a clean divide between personal and farm business expenses

Maintaining clear separation between personal and farm business finances is crucial for ensuring smooth farm succession, promoting family harmony, and improving both personal and business financial planning for current and future generations of farmers.
April 22, 2025
Andy Leach

The farming industry is an ever-changing landscape. With each year that passes, new complexities and challenges arise that place pressures on Canadian farmers to continuously adapt their business practices to remain competitive.


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How to ask for better compensation and farm perks

Communicate openly about fair compensation, using tools and data. Align goals, discuss sacrifices, plan succession and match compensation to roles for harmony and growth of the farm team.
September 27, 2023
Elaine Froese

Young farm families have many expectations to manage as they work on farms as employees, raise small children and juggle time for off-farm revenue. One of the best ways to have less stress about compensation from the farm is to figure out what you need for personal family living expenses.


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Merrimart Farms

Transition, technology key to Bartch family farm’s future

March 31, 2022
Emily Barge and Jayne Sebright
For Pennsylvania dairy farmers Donny and Shari Bartch, working through a complex and lengthy transition process, combined with their passion for innovation and technology, has positioned the family’s Merrimart Farms for the future.
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Sweat equity can address compensation, succession goals

February 7, 2022
Heather Schlesser
Sweat equity is a term often used by those in farming to define how established farmers use the payment of a commodity or capital asset to replace some of the cash wages for employees.
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Value of “sweat equity” must be clear, communicated in transition plan

September 11, 2019
Kelli Boylen
“Someday this will all be yours.” In today’s economy, most dairy families know that vague promises about transferring the farm to the next generation are simply inadequate.
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