ATB Farm Transition Planning Guide

Transitioning to the next generation of farmers is easy with our free planning guide.

Most succession planning conversations centre on the current generation who are looking to transition away from day-to-day farming operations and decision making, and to eventually retire.

The next generation, looking to transition into the business, may need different information. This free guide is designed to help you on this journey with insights, resources and options to prepare you and your family for the farm transition process.

In this transition planning guide you will learn about:

• Getting started with the farm transition. There is no time like the present to start thinking about what is next. We will review setting expectations, when is the right time, the farm transfer cycle, building your team of advisors, and how to start creating the plans.
• What is the banker looking for? Preparing for and having the conversation with a relationship manager. This section will provide you with information about what to have ready, and what to expect, when you meet with your ATB relationship manager.
• What you need to know about taxes and succession planning. ATB Wealth experts highlight some of the key considerations for anyone looking at taking over a farm business, including the impact the current generation’s tax situation may have on the next generation’s plans.