When it comes to succession planning in farming families, one of the hardest questions is this: how do we treat all of our children fairly, without putting the future of the farm at risk?
At first glance, it might seem simple. Divide things equally, and everyone gets the same. But in reality, equal doesn’t always mean fair, especially when one child has stayed and worked on the farm, while others have chosen different paths.
That’s the exact topic we explored in our recent webinar: Fair vs Equal: How to Support All Your Kids, Not Just the Ones Who Stayed.
Every farming family is unique, but most share a similar challenge: land and assets tied up in the farm business. Unlike cash, it’s not easy to split evenly.
For children who stayed and invested their time and energy into the farm, an “equal” share might not recognise their years of unpaid or underpaid work. For children who left, missing out altogether can feel unfair, even if it makes sense for the farm’s future.
The result? Tension, resentment, and sometimes conflict that lasts well beyond the farm gates.
Fairness doesn’t mean everyone gets the same. It means everyone feels acknowledged and supported. That might look like:
Too often, families avoid talking about succession until a crisis hits. The danger is that decisions are then made in a rush, leaving family members feeling excluded or blindsided.
That’s why we encourage families to start these conversations early, while there’s time to make thoughtful, balanced choices.
At Lifesolver, we guide families through a structured process we call Harmonious Succession. It focuses on:
By putting relationships first, we help families make decisions that stand the test of time.
Every family’s version of fair looks a little different. The key is starting the conversation early, so everyone feels heard and the farm remains strong for the next generation.
If this is something your family has been thinking about, we’d love to help. You can book a meeting with Matt to explore your options and begin shaping a plan that works for everyone.
Discover why equal doesn’t always mean fair in farm succession planning. Learn how farming families can support all their children while protecting the farm’s future.
Succession in farming isn’t just about passing on assets — it’s about protecting family harmony, securing the farm’s future, and honouring your legacy. In this blog, we explore what harmonious succession really means, the challenges farming families face today, and the steps you can take to create a fair and lasting transition.
Debt is one of the biggest costs in many farming businesses but it’s often overlooked. Our Farm Finance Guide was created to help farming families take control of their debt, structure it better, and stop leaving money on the table. Read more here.
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.
Is diversification really the key to farm resilience? Discover why focusing on what you do best and outsourcing the rest can be a smarter way to build a strong, resilient farm business.
