Farm succession is something that affects every farm owner, at some point.
Chances are your farm is your biggest asset. Many farmers have spent years building up and improving their property, in the hope it will stay in the family and be passed on to the next generation.
The most important step in succession planning is to start, as early as possible. The good news is it’s never too late to start, but it’s best not to wait until the unexpected happens.
Keeping the farm in the family is an important issue for many farmers, and farm succession can be a smooth process, if tackled early and communications lines are kept open between all family members.
Our free Farm Succession – Getting Started guide is designed to give you a better understanding of why succession is so important, the process involved and how to get started. You’ll learn:
- Where to start
- When to start
- The principles of farm succession
- The process
- How often to review your plan
When Lisa Marcroft’s family went through farm succession they used Cashmanager RURAL to help make the transition.
“I identified that we could really benefit from moving from a few figures in dad’s notebook and bank account to having a budget, forecasting and reviewing the variances in the budget.”
Get your free copy of the succession guide by visiting our website, and start thinking about your farm succession plan today.
We have more guides under development – we’ll let you know when they are available.