In this succession of the succession planning toolkit, we have rounded up a number of end-to-end farm succession planning guides that take you through the entire farm succession process, from the first conversation to the agreement and signing off of the succession plan.
Succession planning is a process and takes time as it involves the transfers not only of control and ownership of the farm business and perhaps the estate/asset, but also the transfer of knowledge, skills and management.
Each family farm business is unique and there is no single approach to the process, however these succession planning guides will assist with family communication and a written plan around goals, visions, business, retirement and estate processes.
If the following questions are on your mind, then the guides in this section may help:
In this section we have resources from Australia and internationally, including a Farm Transitions Workbook, Toolbox for Farm Transfer Planning, an AgTransitions online module, a Farm Succession Guidebook, Legacy Workbook, A GRDC Guide to Succession, A Workbook Supporting Farm Transfer Decisions, and a Farm Ownership and Transition Workshop Resource Book.