Financial planning for Ontario farmers

In our experience, Ontario farmers are dedicated, industrious and hard-working, justifiably proud of their land, crops and livestock.

Farmers also tend to put their own personal financial planning after everything else.

We aim to change that, because you need to look after the one element your farm can’t do without – you.

To discuss financial planning for your farm or agri business;

As the owner of a farming business, you need to plan your own finances to ensure a secure financial future separate from your business. You’ll also need to make provision for yourself, your family, and for your retirement.

At Lighthouse Money Management, we understand the unique financial challenges of farming in Huron County and our part of Western Ontario. We work with you to ensure your that both your business and your personal financial planning is suited to your business goals, your family circumstances, and your own future aspirations.

Too busy to plan?

Contact us to discover how we can help with financial planning for farmers, their businesses and their families.

Whether you’re at the start of your farming career, or approaching retirement, the time to organize your finances is now. As a local firm of financial advisors, we’ll work with you to look at all aspects of your financial planning, including:

If you’ve decided to retire and sell your farm to a new owner, (whether to the next generation or someone else), we’re here to help you.

The capital generated from a farm sale can be considerable. With personal, independent financial advice from our firm, you can ensure that this capital is secured and grown for an enjoyable and well-earned retirement.

Contact us to discuss your requirements.

Many of our farming clients plan to hand over the reins of the family farm and retire whilst they are still fit and able.

As the Ontario.ca website says:
“Succession planning involves the planning and implementation of strategies to transfer labour, knowledge, skills, management control, decision making and ownership of a farm to the next generation.“

At Lighthouse Money Management, we work with local farming families with tailor-made farm succession planning. We can integrate farm transition planning into your personal estate planning and retirement plans.

We will work with your team of accountants and lawyers to ensure a smooth transition.

You can also download the comprehensive “Farm Succession Planning Guide” from the Ontario.ca website here:
https://files.ontario.ca/omafra-pub-70-farm-succession-planning-en-2020-07-17.pdf

Need to talk through your financial planning?

Contact us to discuss in complete confidence, at a time to suit you.