Here is a great article that was published in the Dairy Farmers of Ontario monthly magazine. I had the opportunity to be interviewed for this article and hopefully share insight on the impact that divorce can have on the growth and sustainability of a family farm. Domestic contracts play an important part in safeguarding the family asset. Family farms face a unique set of challenges that need to be properly dealt with. Having a comprehensive family business succession plan that includes a set of family business rules, which would include the need for owners to have domestic contracts, can help minimize conflict amongst family members and safeguard the family farm.
For the full article go to page 30: Milk Producer Magazine July 2015