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Christmas can be known as much for family barnies as it is for prawns and a leg of ham for lunch, which is why it’s not the time to talk succession planning. The temptation, however, to use Christmas to talk succession planning is strong for many families this year because of lockdowns and an

When it comes to creating your succession plan, many things can lead to its success or failure. After years of sitting in on succession planning workshops, however, we’ve found some common traits that overcome the difficulties to create a successful plan. Kindness and Empathy Showing kindness and empathy, especially when others in the family

As a financial services business you might expect we focus on the numbers and business goals of a farm, but often we find ourselves sitting down with clients who feel lost after leaving the farm. Whether they’ve sold the property or handed over to the next generation we get asked the same question, “what

Stuck, that’s how most of our clients say describe starting a succession planning conversation with the rest of the family. Succession planning is an emotional topic with each generation coming at it from very different perspectives that make it difficult to get the process of succession planning started. Caught up in this is the

Despite the talk and headlines related to Australian farmland and foreign corporate ownership, the  family farm remains the dominant business structure in Australian agriculture. There is a good reason for that; families run their farm operation very different to a corporation. One of the great advantages of a family business is its ability to

Owning and managing a family business can be complicated because you have the added difficulty of managing family members with the day-to-day operations. However, it’s equally a rewarding opportunity as the family work together to build the business you want rather than another’s ambitions. There can be extra pitfalls along the way if you’re

Working on the family farm can be very rewarding. Irrespective if you were born into it, married into or work for a family farming operation, you can benefit from all your hard work going back to farm without the formality that comes with corporate employment. However, with the rewards come challenges when something doesn’t