SUCCESSION planning is extremely important for every farm business as the cost of not planning can be devastating - both financially and emotionally.
A good planning process will limit the risk and assist farm viability for future generations, while enabling the current generation to retire and the next generation to plan for and grow the farm business.
Despite the critical necessity of sound succession planning less than 20per cent of Australian family farms have succession plans in place.
Some of the country’s leading succession experts will be online to answer succession questions during our live Q&A forum, "Starting the succession conversation", from 2-3pm today.
To join this forum, type your questions and name into the grey box at the bottom of the forum panel below from 2pm: