Provincial Ag Scene - Spring 2016
May 1, 2016
Canada has 160 million
acres of farmland. For many years, land was passed along from parents to
children who continued to farm it. Today, as more and more farm children choose
other careers, less and less land is being kept in the family.
More than 70% of
Canadian farmers are 50 or older. With those farmers continuing to age, the
number of farms changing hands is increasing. In many cases, the land is simply
sold, but not because the owners or their heirs need the money. It just seems
to be the only low-stress alternative as non-farming children often lack the
time or expertise to properly and profitably manage their land.
We believe that
succession planning should include an easy way for heirs to hold on to the
family farm with the confidence that their asset is protected. That option is
now available to Canadian landowners.
FNC Serecon provides
peace of mind to people who take ownership of family farms but don't live on
the land. We actively manage the relationship between the owner and the tenant
to ensure proper land stewardship and fair rental rates.
The same factors leading
to farm ownership transfer have been prevalent in the Midwest United States for
generations, and millions of acres there are looked after by farm managers.
FNC Serecon is a joint
venture partnership between two employee-owned organizations, both highly
regarded in agriculture. Serecon is a Canadian agricultural consulting and
appraisal firm providing services nationwide since 1991. Farmers National
Company is the leading farm and ranch management firm in the US providing
services since 1929.
"Serecon is excited
about this joint venture with FNC. It enables us to extend our valuation and
management services to existing and new clients, leveraging the expertise and
experience of FNC with our skills and knowledge of Canadian agriculture,"
said Bruce Simpson, Senior Director at Serecon.
"The needs of US
and Canadian landowners are similar when it comes to the services necessary to
manage a farm," said Jim Farrell, Farmers National Company President and
CEO." Our farm management services will translate very well to
provides landowners with a way to ensure that their assets are being managed in
a responsible way using a proven system, ultimately ensuring the long-term
profitability of the land for future generations." said Simpson.
Your Farm for Profit
Knowing that your land
is profitable to own and that the property is well taken care of are both vital
to you as a farm owner. But having knowledge of what is a fair rent for your
farm is not easily ascertained unless you have the necessary knowledge of
farmland leasing. Where do you find rental information for your farm? The
professional farm managers at FNC Serecon know the economics involved in
determining fair leases within the farm rental marketplace.
Knowing the proper rent
and profit from the ownership of your farm is only the beginning of managing
your farm for a profit. A good lease with the appropriate terms is crucial in
carrying out your ownership needs and profit goals. Landowners need lease terms
that protect their rights, guarantee the rental payments, and protect the land.
FNC Serecon knows leasing terms that represent the best interests of the
A professional farm
manager representing the landowner not only brings about the best rental terms
for the owner, but also works to protect long-term ownership interests.
Working to improve the
long-term value of the land includes ensuring proper fertility and crop
production practices are employed by the operator. Soil conservation and land
preservation are important to long-term productivity and value of the land.
Farm managers at FNC Serecon understand each landowner's goals in preserving
their land asset and improving long-term value. We can help by managing your
land profitability and provide peace of mind that it is being well cared for.