RBC brings focus on Farm Succession Planning
TORONTO, Jan. 11 /CNW/ - The Canadian Association of Farm Advisors (CAFA)
Inc. is pleased to announce that RBC will be the Foundation Sponsor for CAFA's
Farm Business Advisor Manual, as CAFA unveils this year's updated version.
As a multi-disciplinary resource for farm families and their professional
advisors, the Farm Business Advisor Manual is the only updated farm business
resource of its kind in the world. Written by some of Canada's top farm family
advisors, the manual's comprehensive contents include chapters on the buying
and selling of land, accounting/farm management, financing, bankruptcy, tax,
farming basics, human resources, family law, off-farm investments, risk
management, estate and succession planning.
Linked to the publication of CAFA's updated Farm Business Advisor Manual,
RBC will be holding a series of Farm Succession Planning seminars across
"Recent StatsCan findings underline the urgent need for succession
planning advice, with more than 120,000 Canadian farmers reaching retirement
age by 2010," noted Brian Little, RBC's national manager for Agriculture and
Agribusiness. "It's estimated that less than five percent of Canada's
agribusiness owners have a written succession plan. Through our support of
CAFA's very comprehensive Farm Business Advisor Manual and RBC's Farm
Succession Planning seminars, we're trying to provide Canadian farm families
with access to all the information they need to ensure a successful future as
they transfer their farming assets."
CAFA's updated Farm Business Advisor Manual refers to RBC's Farm
Succession Planning seminars, as well as a chapter entitled "Succession and
Transfer Planning." The manual also lists more than 256 links to relevant
government sites, with over 140 appendices, including: Department of
Agriculture fact sheets; Canada Revenue Agency (CRA) bulletins and
interpretations; Excel spreadsheets; and practical worksheets in pdf format.
The manual is available in a CD format and on the Internet.
CAFA is the nationally recognized organization for professional farm
advisors. CAFA advisors maintain high standards while continually increasing
farm advisory skills and knowledge intended to provide measurable value to
their farm clients. For more information about CAFA, please go to
www.cafanet.com. To learn more about CAFA's Farm Business Advisor Manual
please visit www.fbamanual.com.
For more information about Farm Succession Planning seminar dates and
locations, or to learn more about the financing solutions and credit choices
offered by RBC Agribusiness Specialists across the country, please visit
For further information:
For further information: Media Contact: Liz Robertson, Executive
Director, CAFA, 1-877-474-2871