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High land, cattle values equals more reason to talk succession plans | Farm Online



INCREASING values of land and farming assets is driving a trend of non-farming siblings wanting to be more actively involved in succession planning, farm advisors report.

That adds even more weight to one of their key messages: start talking early, even if children are too young to know what they want to do in the future.

Succession planning was put under the microscope at a recent round of seminars run by Meridian Agriculture in Victoria, called Great Years, Greater Decisions.

Agricultural consultant and Meridian director Mike Stephens, who has more than 40 years experience advising producers on succession planning, provided some fascinating insight into the common traits among those who manage to pull off generational farming.


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