@batley.o Thank you LisaM

@Abi I've worked through some succession personally and in a professional capacity. The key to making it all work and having a successful outcome is communication. Clear communication with all members of the family getting to have their say and working through what's important for the family. You cannot rush things, there is no one plan that will suit all families. Be brave and start the conversation with family.
Successful succession requires a long-term viable farm business which is an industry issue.

@Springvaledowns We do a lot of succession work for both clients and non-clients. Our whole approach is to get an outcome where when the time comes and mum and dad are looking down from the pearly gates that they see the family sitting down around the table enjoying xmas dinner together. At the end of the day it is all about people !!

@Mel-Sheppard We are enjoying working with you on this Mel. Succession is the elephant in the room for the red meat sector. The more we can align industry resources the better

Succession problems tend to sneak up on you so the sooner the conversation is started the better. Include all your team of advisors and family and work through the plan step-by-step. Remember to revisit the plan yearly to revise and tweak regularly as often changes happen as the years go by. Mostly communicate, communicate, communicate.

I have found the farm accountant very helpful and knowledgeable.

@Mel-Sheppard Sounds very useful - could you please post links to the resources when they become available? thanks in advance. Cheers Owen

Rabobank have a Farm Ownership Options seminar in Dannevirke on 20th Sept (11am - 2pm). This is part of the RMPP project, looks very interesting and is open to anyone. RSVP or enquiries to Nicolette.Holdem@rabobank.com

@Mel-Sheppard sounds useful - would you mind posting links to the resources when they become available? thanks in advance

RMPP is developing resources on pathways into farm business ownership (for new entrants) and options on how to exit day to day management of the farm whilst keeping your family, asset and income safe and secure. Resources include case studies, template Agreements and workshops to support farmers explore their options and take the next steps.