Starting a Farm in Ontario - Business Information Bundle for New Farmers
New Farm Business Structures & Succession Planning
Deciding how you want to structure your new farming operation in order to capture the best return on investment is an important decision. The majority of new farmers will feel that sole proprietorship is the best business structure for a new farming operation. However, partnerships, corporations and joint ventures are also options. Small operators may also want to consider a cooperative, especially for marketing their products or service.
For new farmers who already have access to land, capital or equipment because they are part of an existing farm family operation, or farmers who are "going back to the farm", a succession plan can help establish the business structure.
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