What to Do When You and Your Family Can’t Agree on Succession Planning
Succession planning sounds simple… until your family can’t agree. When emotions, expectations, and unspoken history get in the way, even the best intentions can lead to tension or silence. This blog explores why family succession discussions are so hard and how to move forward without conflict.
How to Build a Farm That Runs Without You
Many farmers dream of building a family legacy, but if the farm only works when you do, the hard truth is that your farm isn’t truly built to last. Leaving a legacy is more than just what’s written in your Will. It’s the ripple effect of the choices you make during your lifetime – the people you involve, the knowledge you pass down, and how prepared the next generation is to carry things forward.
What to Do When Your Parents Don’t Want to Talk About Succession
Succession planning is one of the most important – and most difficult – conversations a farming family can have. But what happens when your parents aren’t ready to talk about it? If you’ve ever tried to bring up the topic, only to be met with resistance or silence, you’re not alone.
How Much Will I Need When I Retire?
I’m often asked this question when discussing retirement and estate planning with a client, and it’s a difficult question to answer.
Thats why I often turn the question right on its head and ask a question of my own.
What Farmers Need to Know About Preparing for End of Financial Year
A Guide for Farmers: Preparing for the End of Financial Year As the end of the financial year (EOFY) approaches, it’s time for farmers to get their finances in order and make the most of available opportunities. Here’s what you can do to get organised: 1. Maximise Your Deductions Farming businesses have access to various […]
Passing The Torch: Transitioning the family farm
Passing the Torch: Transitioning the family farm Farm transition planning is about two things: preserving your family’s legacy and preparing the next generation to take the reins. A smooth handover ensures your farm’s continuity and sets future generations up for success. Sounds simple enough, right? It’s probably unsurprising to hear that 9 times out of 10, […]
Take Control of Your Farm’s Future with the Farm Business Success Program
It’s no secret that farming can be tough. Rising interest rates, skyrocketing property prices, and mounting farm debt are just a few of the challenges that make farm management feel overwhelming. Add in cash flow struggles, succession complexities, and tax planning, and it’s easy to see why many farmers feel like they’re performing a juggling act.
Four tips for navigating succession planning tension over the holidays
Christmas is a time for family – coming together, sharing meals, and telling stories. Unfortunately, it can also be a time of tension, especially when difficult topics like the future of the family farm arise
The Ultimate Guide to Creating a Profitable Farm Business Plan: Part Two
From conducting market research to setting goals and projecting your finances, creating a profitable farm business plan might be just the thing you’re missing when trying to stay on track and plan for the future of your farm.
The ultimate guide to creating a successful farm business plan: part one
Whether you’re interested in cropping, livestock, or any other farming venture, this guide is designed to provide you with the knowledge and skills you’ll need to create a clear business plan for your farm. Let’s get started!
8 Things You Need to Include in Your Farm Business Plan
As the age-old adage goes, “Those who fail to plan, plan to fail.” This rings especially true in the realm of farming. Without a clear roadmap, achieving success can feel like you’re aiming at a moving target, but you what should you include in your farm business plan? That’s where we come into play with our guide to the 8 things to include in your farm business plan.
Who Will Own Your Farm in 10 Years?
Who will own your farm in 10 years?
Designed to make you stop and think, this question instantly conjures images of the future and the possibilities that lie ahead. But what if we told you the only way to get as close as possible to your desired outcome is to get proactive about your succession plan?
Farm Succession Planning: An Introduction
An Introduction to Farm Succession Planning | In this guide, we’ll introduce you to the essentials of farm succession planning, helping you chart a course that preserves your legacy, focuses on family harmony, and ensures a smooth transition of farm ownership and management from one generation to the next.
Farm Yarns with Jack Cresswell
We’re thrilled to share the transcript from a compelling podcast featuring our founder, Matt Meehan on the Farms Advice Podcast hosted by Jack Cresswell.
As an authoritative voice in agribusiness and financial planning, Matt lends his extensive expertise and personal anecdotes to this insightful conversation.
How to balance farm debt and business growth
How do you grow a multi-million-dollar operation you can pass down to future generations, without passing on the mountain of debt you borrowed to acquire it? There’s no one-size-fits-all, but reading this short blog could help.
Why we need to talk about farm insurance
Want to know why insurance is such an important part of farming? Read this article.
10 Things Farmers Need To Consider When Setting Goals For Their Financial Future
Setting goals for revenue, profitability, and ultimately, your financial future, is one of the most important things you can do to achieve farm business growth.
How To Eliminate Poor Communication In Your Team
Is poor communication in your team costing you your precious time, money, and energy? Keep reading to find out how to eliminate poor communication in your team and increase productivity.
How To Start Your Farms Estate Plan
When going to your accountant or your lawyer, you must have done the homework yourselves. You must have got together as a family and had those discussions, talked things through, and thought about the future.
Farm Transition and Estate Planning
Farm transition and estate planning can be complex and confronting, but it doesn’t have to be. This month we are focusing on Estate Planning, and I wanted to share this story with about a fifth generation farming family I am currently working with.
