Displaying items by tag: succession planning

OPINION: After a very good farming year and a few bucks back in the tin, farmers will be remiss not to consider the next steps in life and what that means for their farming business. Sheep and beef farmers are no exception.

“We have an expression that unless you have dirt under your fingernails, you’ll never know how to grow a vine,” says James Millton from his eponymous Gisborne vineyard. 

Succession plans are all very good and well, but it's important that people are the "right fit" when it comes to taking on responsibilities, says Jane Hunter.

Christine and Dave Macdonald admit it was a romantic whim to name Bladen for their children Blair and Deni.

Neudorf’s succession planning happened over a single lunch break, or an entire lifetime, depending on how you look at it.

Sam and Mandy Weaver always hoped their sons Jack and Ben would join them at Churton.

There was never any pressure nor expectation the Sutherland children would join parents Ivan and Margaret in Dog Point Vineyards.

Succession is often a difficult journey for farming families; the idea of ‘sharing the helm’ or seeing a change in captain can be challenging for many farmers, says an agricultural lender.

One of the most concerning issues facing winery and vineyard owners in New Zealand, is that of succession. How do you go about passing the baton to the next generation, or create an exit strategy that satisfies everyone?

A SURVEY conducted by Lincoln University shows that many farmers are struggling with the problem of passing on their farm to their children.