{"id":8893,"date":"2023-11-28T06:00:42","date_gmt":"2023-11-28T11:00:42","guid":{"rendered":"https:\/\/elainefroese.com\/?p=8893"},"modified":"2023-11-27T19:57:23","modified_gmt":"2023-11-28T00:57:23","slug":"12-finances-and-farm-transition-with-terry-betker-president-and-founder-of-backswath-management","status":"publish","type":"post","link":"https:\/\/elainefroese.com\/2023\/11\/28\/12-finances-and-farm-transition-with-terry-betker-president-and-founder-of-backswath-management\/","title":{"rendered":"12: Finances and Farm Transition with Terry Betker President and Founder of Backswath Management"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/ihUpBURb-oY?si=CCLFKd_pkyULR9X7\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\"><div class=\"player_container player-8893\" ><div class=\"spp_player_textabove\"><b>  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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\/Episode_12.mp3\">12: Finances and Farm Transition with Terry Betker President and Founder of Backswath Management<\/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;\" 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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><\/span><\/p>\n<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;In this episode of the Farm Family Harmony Podcast, join Elaine as she speaks with Terry Betker, President and Founder of Backswath Management.\\nTerry shares insights on buying out farm assets, explores creative solutions for farm succession, and delves into fairness in farm family transfers. Discover alternative approaches to farm ownership transfer, success stories of young farmers in buyouts, and financing options for the next generation.\\n\\nUncover the secrets to negotiating fair terms in farm family transfers as we navigate the challenges and triumphs of this critical journey.\\nTune in for practical wisdom and real-life experiences that'll inspire and guide your own farm ownership transfer.\\n\\nDownload for free here: elainefroese.com\/free-planning-resources\/ \\n\\nBook Elaine Froese to Speak at Your Next Event: elainefroese.com\/speaking\\n\\nGet a Farm Transition coach: elainefroese.com\/coaching\\n\\nShop Elaine\u2019s Bookstore: elainefroese.com\/shop\/#books. \\n\\nOur founding Members launch is now past, and if you\u2019d like to be on the waitlist to join our Farm Family Transition Membership, please sign up for the waitlist to join us in February: elainefroese.com\/membership&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:33555265,&quot;3&quot;:{&quot;1&quot;:0},&quot;9&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;28&quot;:1}\">In this episode of the Farm Family Harmony Podcast, join Elaine as she speaks with Terry Betker, President and Founder of Backswath Management.<\/span><\/p>\n<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;In this episode of the Farm Family Harmony Podcast, join Elaine as she speaks with Terry Betker, President and Founder of Backswath Management.\\nTerry shares insights on buying out farm assets, explores creative solutions for farm succession, and delves into fairness in farm family transfers. Discover alternative approaches to farm ownership transfer, success stories of young farmers in buyouts, and financing options for the next generation.\\n\\nUncover the secrets to negotiating fair terms in farm family transfers as we navigate the challenges and triumphs of this critical journey.\\nTune in for practical wisdom and real-life experiences that'll inspire and guide your own farm ownership transfer.\\n\\nDownload for free here: elainefroese.com\/free-planning-resources\/ \\n\\nBook Elaine Froese to Speak at Your Next Event: elainefroese.com\/speaking\\n\\nGet a Farm Transition coach: elainefroese.com\/coaching\\n\\nShop Elaine\u2019s Bookstore: elainefroese.com\/shop\/#books. \\n\\nOur founding Members launch is now past, and if you\u2019d like to be on the waitlist to join our Farm Family Transition Membership, please sign up for the waitlist to join us in February: elainefroese.com\/membership&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:33555265,&quot;3&quot;:{&quot;1&quot;:0},&quot;9&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;28&quot;:1}\">Terry shares insights on buying out farm assets, explores creative solutions for farm succession, and delves into fairness in farm family transfers. Discover alternative approaches to farm ownership transfer, success stories of young farmers in buyouts, and financing options for the next generation.<\/span><\/p>\n<p>Uncover the secrets to negotiating fair terms in farm family transfers as we navigate the challenges and triumphs of this critical journey.<\/p>\n<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;In this episode of the Farm Family Harmony Podcast, join Elaine as she speaks with Terry Betker, President and Founder of Backswath Management.\\nTerry shares insights on buying out farm assets, explores creative solutions for farm succession, and delves into fairness in farm family transfers. Discover alternative approaches to farm ownership transfer, success stories of young farmers in buyouts, and financing options for the next generation.\\n\\nUncover the secrets to negotiating fair terms in farm family transfers as we navigate the challenges and triumphs of this critical journey.\\nTune in for practical wisdom and real-life experiences that'll inspire and guide your own farm ownership transfer.\\n\\nDownload for free here: elainefroese.com\/free-planning-resources\/ \\n\\nBook Elaine Froese to Speak at Your Next Event: elainefroese.com\/speaking\\n\\nGet a Farm Transition coach: elainefroese.com\/coaching\\n\\nShop Elaine\u2019s Bookstore: elainefroese.com\/shop\/#books. \\n\\nOur founding Members launch is now past, and if you\u2019d like to be on the waitlist to join our Farm Family Transition Membership, please sign up for the waitlist to join us in February: elainefroese.com\/membership&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:33555265,&quot;3&quot;:{&quot;1&quot;:0},&quot;9&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;28&quot;:1}\">Tune in for practical wisdom and real-life experiences that&#8217;ll inspire and guide your own farm ownership transfer.<\/span><\/p>\n<p><strong>Download for free here:<\/strong> <a href=\"https:\/\/elainefroese.com\/free-planning-resources\/\">elainefroese.com\/free-planning-resources\/<\/a><\/p>\n<p><strong>Book Elaine Froese to Speak at Your Next Event:<\/strong> <a href=\"https:\/\/elainefroese.com\/speaking\">elainefroese.com\/speaking<\/a><\/p>\n<p><strong>Get a Farm Transition coach:<\/strong> <a href=\"https:\/\/elainefroese.com\/coaching\">elainefroese.com\/coaching<\/a><\/p>\n<p><strong>Shop Elaine\u2019s Bookstore:<\/strong> <a href=\"https:\/\/elainefroese.com\/shop\/#books.\">elainefroese.com\/shop\/#books.<\/a><\/p>\n<p><strong>Our founding Members launch is now past, and if you\u2019d like to be on the waitlist to join our Farm Family Transition Membership, please sign up for the waitlist to join us in February:<\/strong><\/p>\n<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;In this episode of the Farm Family Harmony Podcast, join Elaine as she speaks with Terry Betker, President and Founder of Backswath Management.\\nTerry shares insights on buying out farm assets, explores creative solutions for farm succession, and delves into fairness in farm family transfers. Discover alternative approaches to farm ownership transfer, success stories of young farmers in buyouts, and financing options for the next generation.\\n\\nUncover the secrets to negotiating fair terms in farm family transfers as we navigate the challenges and triumphs of this critical journey.\\nTune in for practical wisdom and real-life experiences that'll inspire and guide your own farm ownership transfer.\\n\\nDownload for free here: elainefroese.com\/free-planning-resources\/ \\n\\nBook Elaine Froese to Speak at Your Next Event: elainefroese.com\/speaking\\n\\nGet a Farm Transition coach: elainefroese.com\/coaching\\n\\nShop Elaine\u2019s Bookstore: elainefroese.com\/shop\/#books. \\n\\nOur founding Members launch is now past, and if you\u2019d like to be on the waitlist to join our Farm Family Transition Membership, please sign up for the waitlist to join us in February: elainefroese.com\/membership&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:33555265,&quot;3&quot;:{&quot;1&quot;:0},&quot;9&quot;:0,&quot;11&quot;:4,&quot;12&quot;:0,&quot;28&quot;:1}\"><a href=\"https:\/\/elainefroese.com\/membership\">elainefroese.com\/membership<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of the Farm Family Harmony Podcast, join Elaine as she speaks with Terry Betker, President and Founder of Backswath Management. Terry shares insights on buying out farm assets, explores creative solutions for farm succession, and delves into fairness in farm family transfers. Discover alternative approaches to farm ownership transfer, success stories of&hellip;<\/p>\n","protected":false},"author":2,"featured_media":9012,"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":[1688,1686,1689,1684,1687,1681,1683,1685,1690,1682],"class_list":["post-8893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-farm-family-harmony-podcast","tag-agriculture-entrepreneurship","tag-creative-ownership-transfer","tag-equity-in-farm-transition","tag-fair-farm-transfer","tag-farm-buyout-strategies","tag-farm-ownership-transfer","tag-innovative-ownership-solutions","tag-next-generation-farming","tag-young-farmer-innitiatives","tag-young-farmers-success-stories"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>12: Finances and Farm Transition with Terry Betker President and Founder of Backswath Management - Elaine Froese | Canada\u2019s Farm Whisperer | Your go-to expert for farm families who want better communication and conflict resolution to secure a successful farm transition<\/title>\n<meta name=\"description\" content=\"Join Elaine and Terry Betker on the Farm Family Harmony Podcast as they explore creative solutions, fairness, and success stories in farm family transfers. 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