Succession planning: The good, the bad and the ugly

ABC Rural - Olivia Garnett, Lucinda Jose, Lucie Bell, Owen Grieve, Belinda Varischetti, Joanna Prendergast, Bridget Fitzgerald

Type: Radio Interview
Knowledge level: Introductory

Farm Table says:

Heart-wrenching one minute and empowering the next. Listen to real people and real families share their successes and failures with succession and transition planning.

This is a collation of eight radio interviews related to succession planning and farming families across Australia.

The first is a very sad, raw tale, while the other stories/case studies have happier stories.

The transcripts/interviews include:

A women from a Western Australian farm

  • “Farm succession is something that makes me quiver when I think of it.”
  • “To me, all it means is arguments, squabbles, bitterness, resentment. Every time it comes up in conversation there’s always so much negativity about it.”
  • “I don’t think my in-laws even know that there is such a thing as succession planning.
  • “I just can’t fight anymore, I’ve just run out of the energy and caring to fight anymore.”

The Collins family: Morawa, Western Australia

  • The Collins family started their succession plan when their kids were teenagers.
  • The family is now into their second stretch of their ten-year-succession-planning process that involves land acquisition and carefully setting up structures for the future transfer of assets.

The Harrington family: Darkan, Western Australia

  • “You’ve got to realize it’s not all take, you’ve got to give. Handing over is so important. I’m pretty pig-headed, I didn’t think I’d ever hand-over but I’ve really found myself enjoy handing over and watching the success of the next generation,” says Ray Harrington, who, with no sons of his own, teamed up with his nephew Tim to plot a path for the future.

The ‘Daughter-in-law’ syndrome

  • The daughter-in-law tends to get blamed a lot for suddenly wanting more holidays or wanting different priorities when they do their budget.
  • “A lot of daughter-in-laws are tertiary educated now and they can actually have really good attributes to bring into the family group. That can be quite daunting and intimidating especially for that older generation who may not be as well educated.”

Daughters of the Land

  • Farming can be a patriarchal environment where women, and often farmer’s daughters, can feel left out of the equation, says consultant Isobel Knight.

Read more by clicking on the link below.

2015 - Australia - ABC Rural - Olivia Garnett, Lucinda Jose, Lucie Bell, Owen Grieve, Belinda Varischetti, Joanna Prendergast, Bridget Fitzgerald
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