Passing the Torch: Succession Strategies for the Future
Time: 1:45 p.m. – 2:30 p.m.
Your agricultural operation is not just your livelihood but your passion and your life. You’ve invested everything into it, and amidst the numerous challenges you face, having a local advisor who truly understands your situation is invaluable.
Join Jennifer Christensen, Regional Agriculture Leader for Southern Manitoba, along with a panel of advisors and clients, as they discuss real-life examples of the challenging situations faced by producers. Discover how MNP has assisted them in overcoming these issues, ensuring their farming operations remain competitive and profitable for generations to come. The panel includes advisors in assurance, tax, and consulting.
Facilitator:
Jennifer Christensen, CPA, CGA
Southern Manitoba Regional Agriculture Leader
Keep More of What You’ve Built: Tax Planning for Transition or Sale
Time: 1:00 p.m. – 1:30 p.m.
Each year that passes brings the family farm one year closer to a transition from one generation to the next, or to winding down and selling the farming assets. Whether the plan is to transition or sell, the goal when it comes to tax should be the same – minimizing your tax exposure.
Join Britney Toovey, a member of MNP’s Specialty Tax team to discover how timely tax planning can reduce the tax bill associated with transitioning or selling your farm. Whatever the future holds for your farming operation, there are strategies available to help keep more of what you have built.
Presenter:
Britney Toovey, CPA, Tax Specialist
Are You Exposed? Planning for Risk in 2025
Time: 1:30 p.m. – 2:00 p.m.
The extreme risk facing producers today has brought both opportunities and threats. Now more than ever we need to include risk management planning as part of the annual review process. Just like two raincoats don’t keep your feet dry in a storm, more insurance that covers the same risk doesn’t always help you.
Understanding your exposure and how to effectively layer your risk management options to maximize coverage for the farm is critical. Join Patsy Hewitt and Peter Manness as they discuss MNP’s approach to building a better risk management plan.
Presenters:
Patsy Hewitt, CPA, CMA, Partner & Business Advisor
Peter Manness, P.Ag, Farm Management Consultant