Executive summary

The Farm Succession Planning Guide, Publication 70 provides farmers, farm families and farm business advisors with a practical guide to the succession planning process.

Succession planning involves the planning and implementation of strategies to transfer labour, knowledge, skills, management control, decision making and ownership of a farm to the next generation.

The farm succession planning process includes:

  • collecting and analyzing information about your farm
  • creating options for succession
  • making preliminary decisions
  • designing, developing and reviewing your plan
  • implementing, monitoring and adjusting your plan

This 120-page guide includes checklists, tools and information to help guide you and your family through the planning process. It contains information about:

  • the importance of good interpersonal relationships
  • farm business organizations
  • operating agreements
  • ownership transfer methods
  • taxation implications
  • retirement from farming
  • wills and other legalities affecting farmers


If you require this information in an alternative format, please contact ag.info.omafra@ontario.ca. We will:

  • acknowledge your request within three business days
  • provide you with the content within 15 business days