{"id":10231,"date":"2024-11-26T06:00:54","date_gmt":"2024-11-26T11:00:54","guid":{"rendered":"https:\/\/elainefroese.com\/?p=10231"},"modified":"2024-11-30T04:32:18","modified_gmt":"2024-11-30T09:32:18","slug":"farm-transition-planning-how-to-be-more-realistic","status":"publish","type":"post","link":"https:\/\/elainefroese.com\/2024\/11\/26\/farm-transition-planning-how-to-be-more-realistic\/","title":{"rendered":"32: How to be More Realistic with your Transition Timelines"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/bPoiuuF7UUI?si=FDyHNO-Fo9EWei5j\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<div class=\"player_container player-10231\" ><div class=\"spp_player_textabove\"><b>  <\/b><\/div><div id=\"sm2-10231\" class=\"sm2-10231 playercontent sm2-bar-ui compact flat full-width full-width-player\"><div class=\"bd sm2-main-controls\">\r\n\t\t\t\t\t\t\t\t\t<div class=\"sm2-inline-element sm2-button-element\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-button-bd\" style=\"background: transparent url() repeat scroll 0% 0% \/ cover ;\">\r\n\t\t\t\t\t\t\t\t\t\t<div id=\"spp-player-background\"> <\/div>\r\n\t\t\t\t\t\t\t\t\t\t<a href=\"#play\" class=\"sm2-inline-button play-pause\"><\/a>\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"loader\" style=\"display:none;\"><\/div>\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"eq\">\r\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"bar bar-1\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"bar bar-2\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"bar bar-3\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"bar bar-4\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<\/div><div class=\"sm2-inline-element sm2-inline-status progressbar\">\t\t\t\r\n\t\t\t\t\t\t\t\t\t<div class=\"sm2-button-bd\" style=\"\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"playerpitch0\" style=\"display:none;\">0.75x<\/div>\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"playerpitch1\">1x<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"playerpitch2\" style=\"display:none;\">1.25x<\/div>\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"playerpitch3\" style=\"display:none;\">1.5x<\/div>\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"playerpitch4\" style=\"display:none;\">2x<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<div class=\"sm2-button-bd\" style=\"\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"secrewind\"><\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<div class=\"sm2-playlist\">\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-playlist-target\"><\/div>\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<div class=\"sm2-progress\">\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-progress-bd\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-progress-track\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-progress-bar1\" style=\"display:none;\"><\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-progress-bar\"><\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-progress-ball\"><div class=\"icon-overlay\"><\/div><\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"sm2-row timestamp timetext\" style=\"display:none;\"><div class=\"sm2-inline-time timestamp\">0:00<\/div><div class=\"sm2-inline-duration timestamp\">...<\/div><\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t<div class=\"sm2-inline-element sm2-button-element sm2-volume\" style=\"1\">\r\n\t\t\t\t\t\t\t\t\t   <div class=\"sm2-button-bd\">\r\n\t\t\t\t\t\t\t\t\t\t<span class=\"sm2-inline-button sm2-volume-control volume-shade\"><\/span>\r\n\t\t\t\t\t\t\t\t\t\t<a href=\"#volume\" class=\"sm2-inline-button sm2-volume-control\" style=\"\"><\/a>\r\n\t\t\t\t\t\t\t\t\t   <\/div>\r\n\t\t\t\t\t\t\t\t  <\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<div class=\"bd sm2-playlist-drawer sm2-element\">\r\n\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<div class=\"sm2-playlist-wrapper\">\r\n\t\t\t\t\t\t\t\t\t<ul class=\"sm2-playlist-bd\"><li><a href=\"https:\/\/traffic.libsyn.com\/56d782f0-8d4c-422c-bdaa-d2db59d90bab\/EF_-_Ep._32_Libsyn.mp3\">32: How to be More Realistic with your Transition Timelines<\/a><\/li><\/ul>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<\/div><div class=\"sppbuttons\" style=\"\"><a class=\"button-itunes\" target=\"_blank\" style=\"\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/farm-family-harmony-podcast\/id1659119952?ls=1\">Apple Podcasts<\/a><a class=\"button-g-play\" target=\"_blank\" style=\"display:none !important;\" href=\"\">Google Podcasts<\/a><a class=\"button-embed\" rel=\"modal:open\"  id=\"button-embed\" style=\"display:none !important;\" href=\"#ex1\">Player Embed<\/a><a class=\"button-share\" data-target=\"btnshare\" style=\"\" href=\"#\">Share<\/a>\r\n\t\t\t\t<div id=\"btnshare\" class=\"webui-popover-content share-buttons\">\r\n\t\t\t\t\t\t<a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/elainefroese.com\/2024\/11\/26\/farm-transition-planning-how-to-be-more-realistic\/\" title=\"Share on Facebook\" target=\"_blank\" class=\"facebook\"><i class=\"fa fa-facebook\"><\/i><\/a>\r\n\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/share?text=32%3A+How+to+be+More+Realistic+with+your+Transition+Timelines -&url=https:\/\/elainefroese.com\/2024\/11\/26\/farm-transition-planning-how-to-be-more-realistic\/\" title=\"Share on Twitter\" target=\"_blank\" class=\"twitter\"><i class=\"fa fa-twitter\"><\/i><\/a>\r\n\t\t\t\t<\/div><a class=\"button-sppreview\" target=\"_blank\" style=\"display:none !important;\" href=\"http:\/\/getpodcast.reviews\/id\/1659119952\">Leave a Review<\/a><a class=\"button-spplisten\" style=\"display:none !important;\" target=\"_blank\" href=\"javascript:window.open('https:\/\/traffic.libsyn.com\/56d782f0-8d4c-422c-bdaa-d2db59d90bab\/EF_-_Ep._32_Libsyn.mp3','','width=500,height=250')\">Listen in a New Window<\/a><a class=\"button-download\" target=\"_blank\" style=\"\" href=\"https:\/\/traffic.libsyn.com\/56d782f0-8d4c-422c-bdaa-d2db59d90bab\/EF_-_Ep._32_Libsyn.mp3\">Download<\/a><a class=\"button-soundcloud\" target=\"_blank\" style=\"display:none !important;\" href=\"\">SoundCloud<\/a><a class=\"button-stitcher\" target=\"_blank\" style=\"display:none !important;\" href=\"\">Stitcher<\/a><a class=\"button-sppandroid\" target=\"_blank\" style=\"display:none !important;\" href=\"\">Subscribe on Android<\/a><a class=\"button-spprss\" target=\"_blank\" style=\"display:none !important;\" href=\"\">RSS Feed<\/a><a class=\"button-spotify\" target=\"_blank\" style=\"\" href=\"https:\/\/open.spotify.com\/show\/0UCkbGF76mrbbP8UJdjP3e\">Spotify<\/a><a class=\"spp-button-custom1\" target=\"_blank\" style=\"\" href=\"https:\/\/www.youtube.com\/playlist?list=PLiLbc86FzxuNJEtfbGkdnyb6w4P2X6beF\">YouTube<\/a><a class=\"spp-button-custom2\" target=\"_blank\" style=\"display:none !important;\" href=\"\"><\/a><a class=\"spp-button-custom3\" target=\"_blank\" style=\"display:none !important;\" href=\"\"><\/a><a class=\"spp-button-custom4\" target=\"_blank\" style=\"display:none !important;\" href=\"\"><\/a><a class=\"spp-button-custom5\" target=\"_blank\" style=\"display:none !important;\" href=\"\"><\/a><a class=\"spp-button-custom6\" target=\"_blank\" style=\"display:none !important;\" href=\"\"><\/a><\/div><\/div>\n<p dir=\"ltr\"><span style=\"font-weight: 400;\">In this episode, my guest is <\/span><a href=\"https:\/\/elainefroese.com\/coaching\/coaching-team\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Glenn Dogterom<\/span><\/a><span style=\"font-weight: 400;\">, Farm Family Transition Coach, retired CPA, financial planner, and acting member of the Canadian Association of Farm Advisors. Over the years, Glenn has provided a variety of services to his clients including tax planning and preparation, financial statements, cash flows, and transition planning. Glenn proposes there\u2019s a better, more thoughtful approach to transition without all the pressure and potential for bad decision-making.<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-weight: 400;\">We discuss practical strategies for achieving realistic timelines and involving the younger generation from the get-go, as well as what to do and expect if you haven\u2019t. At the end of this episode, you will better understand how much time it takes to achieve a more meaningful transition, and why considering inevitable illness and debt is so important.<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-weight: 400;\">For anyone interested in reaching out to Glenn, you\u2019ll want to do it soon as <\/span><b>he\u2019ll be retiring from the Farm Family Transition Coaching team in December 2024<\/b><span style=\"font-weight: 400;\">. To book a Discovery Call with Glenn before December, please use the <\/span><a href=\"https:\/\/elainefroese.com\/contact\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Contact Page on our website<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p dir=\"ltr\"><i><span style=\"font-weight: 400;\">\u201cOne of the challenges that I think we faced is that when individuals get into their mid-70s, they&#8217;re looking for security, and so they&#8217;re often concerned about just exactly how things are going to play out and what their role is going to be, and it&#8217;s partially the apprehension driven by those factors that have them really not willing to dive into it. They don&#8217;t understand how this can get resolved to everybody&#8217;s satisfaction.\u201d <\/span><\/i><span style=\"font-weight: 400;\">-Glenn Dogterom<\/span><\/p>\n<p><strong>Elaine Froese Resources &amp; Links<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"http:\/\/elainefroese.com\/speaking\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SPEAKING &#8211; book Elaine for your next event<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"http:\/\/elainefroese.com\/coaching\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">COACHING &#8211; find your Farm Transition Coach<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/elainefroese.com\/membership\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">MEMBERSHIP &#8211; join the waitlist for the Farm Family Harmony Membership<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"http:\/\/elainefroese.com\/free-planning-resources\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">RESOURCES &#8211; download for FREE <\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/elainefroese.com\/contact\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">CONTACT &#8211; take the next steps in your transition<\/span><\/a><\/li>\n<\/ul>\n<p><strong>About Our Guest<\/strong><\/p>\n<p><strong>BIO PIC<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10232 alignleft\" src=\"https:\/\/elainefroese.com\/wp-content\/uploads\/2024\/11\/Screen-Shot-2024-11-19-at-12.52.44-AM.png\" alt=\"\" width=\"156\" height=\"134\" srcset=\"https:\/\/elainefroese.com\/wp-content\/uploads\/2024\/11\/Screen-Shot-2024-11-19-at-12.52.44-AM.png 426w, https:\/\/elainefroese.com\/wp-content\/uploads\/2024\/11\/Screen-Shot-2024-11-19-at-12.52.44-AM-300x258.png 300w, https:\/\/elainefroese.com\/wp-content\/uploads\/2024\/11\/Screen-Shot-2024-11-19-at-12.52.44-AM-120x103.png 120w\" sizes=\"auto, (max-width: 156px) 100vw, 156px\" \/> Glenn Dogterom is a retired Public Accountant and Financial Planner with a focus on the agricultural sector and assisting farm families in the transition process. The nature of Glenn\u2019s work with clients has given him a greater understanding of a variety of farms and practices. He is currently an acting member of the Canadian Association of Farm Advisors.<\/p>\n<ul>\n<li><a href=\"https:\/\/elainefroese.com\/coaching\/coaching-team\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Coaching Profile<\/span><\/a><\/li>\n<\/ul>\n<p><strong>Submit a Question<\/strong><\/p>\n<p>Have a burning question you\u2019d like answered on the show by Elaine or one of her amazing coaches? Ask it\u00a0<a href=\"https:\/\/coachfroese.infusionsoft.app\/app\/form\/podcast-questions\" target=\"_blank\" rel=\"noopener\">HERE<\/a>.<\/p>\n<p><b>Share Your Thoughts<\/b><\/p>\n<p>Did you enjoy this episode of the Farm Family Harmony Podcast? Keep the conversation going by sharing your experiences and perspectives in the comments below. Your involvement is what makes this community THRIVE! Have your say \u2013 we\u2019re all ears!<\/p>\n<p>Help us grow our community by rating the show or submitting a review on\u00a0<a href=\"https:\/\/open.spotify.com\/show\/0UCkbGF76mrbbP8UJdjP3e\" target=\"_blank\" rel=\"noopener\">Spotify<\/a>\u00a0or\u00a0<a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/farm-family-harmony-podcast\/id1659119952%20\" target=\"_blank\" rel=\"noopener\">Apple<\/a>. Sharing an episode with your community, family, and friends, or commenting on\u00a0<a href=\"https:\/\/www.instagram.com\/farmfamilycoach\/\" target=\"_blank\" rel=\"noopener\">Instagram<\/a>\u00a0is another great way to show your support!<\/p>\n<p dir=\"ltr\"><strong>Timestamps<\/strong><\/p>\n<p dir=\"ltr\"><span>[0:00:30]<\/span>\u00a0Introduction Glenn Dogterom<\/p>\n<p dir=\"ltr\"><span>[0:01:30]<\/span> What to do when you\u2019re stuck<\/p>\n<p dir=\"ltr\"><span>[0:03:55]<\/span> Creating realistic timelines and involving your children in the process<\/p>\n<p dir=\"ltr\"><span>[0:07:00]<\/span> Assessing your skills and creating a business plan as a younger farmer<\/p>\n<p dir=\"ltr\"><span>[0:08:21]<\/span> Financial preparedness and passing on debt<\/p>\n<p dir=\"ltr\"><span>[0:10:38]<\/span> How to lean on your team of trusted advisors<\/p>\n<p dir=\"ltr\"><span>[0:13:02]<\/span> Navigating transition in the midst of health issues<\/p>\n<p dir=\"ltr\"><span>[0:15:37]<\/span> Finding harmony through understanding can take time<\/p>\n<p dir=\"ltr\"><span>[0:18:33]<\/span> Glenn\u2019s favorite \u201cgood transition\u201d story<\/p>\n<p dir=\"ltr\"><span>[0:21:41]<\/span> It\u2019s a journey, not a sprint<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Glenn Dogterom, Farm Family Transition Coach, shares expert advice on creating realistic timelines, involving the next generation, and navigating challenges in Farm Transition Planning.<\/p>\n","protected":false},"author":2,"featured_media":10233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1473],"tags":[1996,1995,446,1287,392,840,127,7,49,329,930,556,359,1933],"class_list":["post-10231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-farm-family-harmony-podcast","tag-business-planning","tag-canadian-agriculture","tag-family-business","tag-family-harmony","tag-farm-advisor","tag-farm-coaching","tag-farm-family","tag-farm-legacy","tag-farm-management","tag-farm-succession","tag-farm-transition-planning","tag-financial-planning","tag-succession-planning","tag-transition-strategies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Farm Transition Planning\u200b - How to be More Realistic<\/title>\n<meta name=\"description\" content=\"Discover practical strategies for successful Farm Transition Planning with Glenn Dogterom. 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