Succession Planning for Farming Families
Carrick Aland’s step-by-step guide to the succession planning process
The term ‘succession’ literally means to take over a role from someone or to succeed someone else in that role. It is not about staging a revolution or a coup!
Many farming families that proactively recognise business succession as an ongoing process continue to bathe in a glow of united achievement and satisfaction.
Having armed themselves with a well-considered planning framework and a willingness to confront personal challenges and possibly uncomfortable conversations, they achieve an almost seamless succession with minimal angst, family or business disruption.
Here we highlight the elements of a successful succession planning process which our team subscribes to in assisting farming families with this transition.
“Wayne Turner was instrumental in the good, harmonious results of our family’s succession planning exercise.” Read more »