LIVE Recording: Transition Planning Panel - The Future of Farming Conference in Prince Edward Island

Impact Farming

LIVE Recording: Transition Planning Panel - The Future of Farming Conference in Prince Edward Island

This week, we're bringing you a very special episode, recorded live at the "Future of Farming Conference" in Prince Edward Island.

In November, Tracy had the privilege of attending this inspiring event and interviewing two exceptional farms about their unique journeys in farm transition. This episode dives into the challenges, triumphs, and invaluable lessons learned from their experiences.

Our first featured farm is represented by none other than PEI Agriculture Minister Bloyce Thompson, a well-known figure in the local farming community. Bloyce shares insights into the complexities of transitioning a farm, drawing from his own experiences as a dairy farmer and his personal farm transition journey.

The second farm, represented by Lauchie and Jolene MacEachern, offers a fascinating perspective on non-traditional third-party succession. Their story highlights the opportunities that can arise when young farmers look outside the box of traditional family-to-family transitions. With decreasing family sizes and a decline in interest from younger generations, many farm founders are forced to either sell their farms or explore alternative transition models. As many farmers prioritize preserving their legacy over quick financial gains, third-party succession is emerging as a viable and increasingly popular option.

In addition to these individual farm stories, Tracy shares her personal insights and some of the top farm transition tips she has gathered from hundreds of guest interviews.

She also leaves the event audience with an amazing FREE Transition Planning Resource eBook. Great news, we are also providing it for our loyal Impact Farming Show audience. You can check it out and download it using the link found below in the resource section.

This segment provides valuable advice and practical tips for young farmers who are considering their own farm transition.

We hope you enjoy this special episode. It's a testament to the resilience, innovation, and passion of the farming community. Thanks for tuning in, Tracy Brunet ……………………… More About the Future of Farming Conference The Future of Farming Conference hosted by the Prince Edward Island Department of Agriculture is dedicated to inspiring and empowering the next generation of farmers and future leaders in Prince Edward Island’s agriculture industry. This conference will allow young farmers and those interested in becoming farmers to come together to share knowledge, resources, and connections to help drive success in the future of farming on PEI. The Future of Farming Conference is a unique opportunity for young farmers, professionals in agriculture, and new entrants interested in farming to come together, learn, grow, and inspire. For more information about this event, please visit their website: https://futurefarmingconferencepei.princeedwardisland.ca ……………………… More About the Event Panelists Hon. Bloyce Thompson Bloyce Thompson was first elected as the MLA for District 8, Stanhope-Marshfield, in the 2019 general election. In May 2019, Bloyce was named as Minister of Agriculture and Land and as Minister of Justice and Public Safety and Attorney General. In July 2022, Bloyce was named Minister of Economic Growth, Tourism and Culture. Bloyce is an active member of his community and the agriculture industry as a third-generation dairy farmer and businessman from Eastside Farms in Frenchfort. He is a proud graduate of Dalhousie Agricultural College. He has served his industry as a member of the genetic evaluation board of the Canadian Dairy Network and as a board member of the Dairy Farmers of PEI. Bloyce and his wife Terri are the proud parents of three children. Bloyce was re-elected as the MLA for District 8, Stanhope- Marshfield, on April 3rd, 2023. Lauchie and Jolene MacEachern Lauchie and Jolene MacEachern are dedicated dairy farmers operating Folly River Farm in Debert, Colchester County, Nova Scotia. Lauchie, who did not grow up on a farm, began working at Folly River Farm as a herdsman in 2001 while Jolene completed her degree. After gaining further experience out west, they returned to Nova Scotia, where they took full ownership of the farm on January 1, 2013, following a succession plan with the original owners. Lauchie and Jolene are proud parents of three children: Ewan, Allister, and Adriana. ............................... Show Resources

Future of Farming Conference: https://futurefarmingconferencepei.princeedwardisland.ca FREE Transition Planning eBook Download: https://www.farmmarketer.com/impact_farming_show/free_resources

***********

SIGN UP

If you enjoyed this episode, don’t forget to sign up as an Insider so that you are first to know about all-new Impact Farming episodes, Expert Corner Segments, fantastic contests, and new promotions https://www.farmmarketer.com/impact_farming_show/sign-up