Blog

Family Farms remain a strong business model

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

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Five Tips for Leading a Family Business

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

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The Risks and Rewards of Working on the Family Farm

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

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Farm succession planning

Starting Farm Succession Planning

Farm succession planning is focused on the why, what and when with little emphasis on getting the discussion started. It’s not surprising given the sensitivity around succession planning, but it doesn’t need to be a bad experience if you start in the best possible position. From our starting point, Sprout Agribusiness thinks of farm

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Striking A Balance Between Rising Farm Asset Values And Compensating Family Members Not Working In The Business

• Treat the farm as a business • Plan for change and handover • Communication is the key to success Most family farms are complex beasts as each generation lays down decisions and operations over time, creating historical baggage along the way. From our experience, successful families manage this complexity by treating the farm

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Farms have people issues, not farming issues

Even the closest and most functional family will have rows from time to time. A farming family is no different, and sometimes what can start as a minor issue can snowball into a much bigger dispute that risks the family unity and the farm. This is why working through conflict is so essential to

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Can the Family Business Afford to go through a Transition?

Cash flow and business analysis are a key part of planning Be realistic about your business goals Compromise You’ve had the first family meeting to talk transition planning, laid out your goals and aspirations for the farm, so what’s next? The next step is to test these goals and aspirations to see if they

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Communication and the One-Page Plan

  • Visualise the farm’s goals and aspirations • Identify key dates and put them in a timeline • Regularly review and communicate your transition plan We’ve talked about developing a transition plan and testing it to make sure it stands up, and in this article, we outline how to communicate the plan, so

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Succession Planning

Succession Planning: The Family Deal

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Yass NSW 2582

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Orange NSW 2800

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Springside QLD 4356

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Albury NSW 2640

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Tamworth NSW 2340

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88 Lachlan Street
Hay NSW 2711

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Longreach QLD 4730

“Cannot recommend Sprout Ag enough for sorting out future plans, succession plans and identifying what roles there are and who is most suited!”

- Ross and Sophie Walters

“Cannot recommend Sprout Ag enough for sorting out future plans, succession plans and identifying what roles there are and who is most suited!”

- Ross and Sophie Walters

“Cannot recommend Sprout Ag enough for sorting out future plans, succession plans and identifying what roles there are and who is most suited!”

- Ross and Sophie Walters

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