Farm Table says:

This succession plan template and guide is not agriculture-specific, however, contains a handy template and links out to associated resources.

This succession plan template from Business.gov.au provides a sample structure and suggested content to help guide the process. The structure of the word document is:

Title page

Business and succession details

Proposed organization structure
Key personnel changes
Legal considerations
Insurance
Succession timetable
Contingency/risk management

Finances

Current value of the business
Retirement income/payment
Sale details
Buyout details
Taxation

2018 - Australia - Australian Government - business.gov.au

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Tags:
template tax retirement guide structure legal risk management

Farmer Questions:
How have other families managed the succession process?How do I prepare for succession planning?

Interest Area: Production All Source Country: Australia Type: Word Doc Verb: Read this Knowledge Level: Introductory NRM Region: Australia

Related Resources

Farm Succession Risk Management Checklist Online

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I am so excited for the new look Farm Table. I can already see huge advantages and know it will have a positive impact on our business.

Succession Plan Template and Guide

Australian Government - business.gov.au

Farm Table says:

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Testimonials

Alix McFarland, Grazier, Hay

Tom Heggaton, Farm Manager, Galong

Aimee Snowden, Farmer, Tocumwal

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