Agricultural business succession planning in Alberta involves carefully preparing for the transfer of ownership, management, and operations of a family farm or agricultural business from one generation to the next. A well-structured succession plan ensures a seamless transition of assets, management responsibilities, and the farm’s legacy while also addressing key issues such as tax implications, financial security for the retiring generation, and equitable treatment among heirs. Proper planning helps preserve the farm’s long-term viability and ensures that both the retiring and incoming generations are well-supported during the transition.