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'Why did Joe get the farm and not Jo? Why Rob and not Robin?' This book describes the answers farm families have to enact for each generation anew. Written by a farmer's wife and mother, it is for all who are interested in understanding the underlying dynamics of succession and inheritance in (farm) family businesses, regardless of discipline, profession and background. It has been arranged in chronological order, following the individual's growing into - or out of the family business and offers exciting insights via easily understood graphs and succinct quotes from industry and research.
Want to avoid the heartache, financial loss and family breakdown caused by poor succession planning? If you're a member of a farming family, you already know what a big deal succession planning is and how most people shudder at the mere mention of it. No doubt, you've heard countless horror stories of succession planning gone bad. But there are also plenty of success stories where succession planning has helped everyone get what they want. In this book, author Ayesha Hilton and lifelong farmer Nick Shady will help you and your family create your succession plan with as little stress and confrontation as possible. In this practical guide, you will learn how to: - Get started with the succession planning process - Communicate with your family to minimise conflict - Deal with fairness and equity issues - Get the right experts to help you with the process - Avoid becoming one of the disaster stories shared in the case studies By following their practical guidance, you and your family can create and implement a sound succession plan that meets everyone's needs. This book is essential reading for all farming families.
As the largest group of natural resource managers on the planet, farmers are at the interface of the changing relationship between humans and the environment. Typically organised around what might be considered the most basic of social units, for generations the family farm has survived wide-ranging exogenous challenges, frequently preserving the line of succession to the next of kin. Now as we face major questions about how we use land and the impact of our land use on the global environment, farming once again faces a challenging and uncertain future. This book draws on the experiences of farmers in Australia, New Zealand, North America, Japan and the EU to examine the special features of family farms and, in particular, the tradition of succession which has enabled them to continue to have such a strong presence in the world today.
Farming as it is practised in market industrialized countries is predominantly a family business. This book argues that the nature of the farm business cannot be properly understood without reference to the family that operates it. Examples are taken from the UK, USA, Europe and Australasia.