FCC KNOWLEDGE PODCAST - TALKING FARM AND FOOD - Episode 15: Transition happens: How to plan and stay ahead
Tuesday, January 11, 2022
Reference: Podcast Corner
FCC KNOWLEDGE PODCAST - TALKING FARM AND FOOD - Episode 15: Transition happens: How to plan and stay ahead
Whether you plan or not, transition happens on every family farm. In this episode, Marty talks to Andrea De Groot, an FCC Business Advisor and Allison Henkell a Tax Partner at BDO about what to consider “pre-transition” and how to determine your farm’s viability to support both generations early in the process.
Learn how to organize your assets, understand your business structure, assess your personal net worth and ask open-ended questions.
Listen to the FCC Knowledge Podcast HERE.
Presented by AgExpert. Software designed for Canadian agriculture.
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Episode Resources
- FCC Advisory Services – transition planning
- Pathway to transition
- Transition resources – business essentials
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Show Guests
Andrea De Groot
FCC Business Advisor
Andrea De Groot lives in Stratford, ON with her husband and four kids. Her career is in agriculture finance, but she also plays a key role in their sow and crop operations. In her career with both Farm Credit Canada and RBC she has made many moves to advance herself, while also trying to establish more balance between career, family and farm needs.
Connect with Andrea De Groot - Email / LinkedIn / Twitter / Facebook / Website
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Allison Henkell
Tax Partner at BDO
Allison is a CPA CGA, and Tax Partner at BDO Canada LLP with 15 years’ experience in Income Tax and related matters. She specializes in providing tax effective solutions for her clients related to corporate structuring, reorganizing for acquisition or sale planning purposes and estate planning matters.
Allison has extensive experience in Agriculture, Manufacturing, and Professional Services sectors. Her main focus is on developing solutions for owner-managed businesses and the entrepreneurs who operate them.
After completing school, Allison worked with a large accounting firm in Kitchener working in both their Entrepreneurial Services and Tax departments. She worked as a Corporate Tax Auditor with the Ontario Ministry of Finance before joining BDO In November 2002. Allison completed the CICA In-Depth Tax Course in 2005 and became a partner with BDO in January 2014. Allison works with clients through the Woodstock, Stratford, Mitchell, Norwich and Exeter offices of BDO.
Allison has also taught Income Tax courses on a part time basis at Conestoga College, filled the role of lecturer for an Economics course through the Kitchener-Waterloo chapter of the CGA and worked as a Group Study Leader for the CICA In-Depth Tax Course.
Connect with Allison Henkell - Email / Website
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FCC Knowledge: Talking Farm and Food
Agriculture is not only a way of life, it’s a business. Talking Farm and Food is a monthly podcast that highlights the stories and experiences of farm business entrepreneurs and the lessons they’ve learned along the way.
Join us as we talk to Canadian producers about their lives, their businesses, and the farm management topics you care about. If you’re looking for advice on money and finance, transition, managing people, strategy, leadership and more, this is the podcast for you.
Presented by AgExpert. Software designed for Canadian agriculture.
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