Succession Planning for Farming Families

(4 hour face-to-face workshop and online available)

 

Workshop Description

It’s never too early to plan for your future!

Succession planning for farming families can often be a difficult and stressful process, unlike any other business. It is important that all farmers and farming operations have a long term succession plan in place in case of sudden injury, illness, or change of circumstances.

This workshop will benefit farmers at all stages of their working life and will assist in starting the process of planning for the future

The online workshop will consist of 4 x 1-hour sessions and will cover the fundamentals of succession planning. Participants will come away from the workshop with confidence and a greater understanding of how to plan successfully for their (and their family’s) future.

 

Who will benefit from this training?

  • Every farmer needs a succession plan!
  • We encourage multiple family members (preferably multi-generational) to attend together
  • People who want an introduction to succession planning
  • Farmers and their partners who want to initiate discussion with their children or parents about succession planning

 

Outcomes:

  • Improve your understanding of what succession planning is and why it’s important for farmers
  • Understanding of children’s and parent’s perspective during succession planning process
  • Understanding of the different business and landholding structures and associated risks
  • Understanding of what to do next

 

Workshop details:

The workshop will commence using generic information that can be discussed openly among participants with case studies and examples to assist participants to implement in their business.

 

Workshop Partner:

Margaret Willett, Willett Lawyers

For nearly 20 years Margaret Willett has been practicing law with a primary focus on succession and estate planning with small business owners, farmers, their families, and retirees.

Coming from a farming background, Margaret has an insight and understanding of the difficulties many farming families face in relation to succession planning where there are multiple generations working together.