Succession planning, retirement and exit planning for Taranaki dairy farmers
Paul Reidy - providing expert advice about succession planning on New Zealand dairy farms
I often work with two or three generations within the same farming family. This helps me to understand and be sensitive to the issues that are important to each generation.
Succession planning is a vital issue, but one that dairy farmers often relegate to the too-hard basket and put off until it’s too late. This can leave NZ families in chaos and conflict or some family members disadvantaged and with no clear way forward.
Don’t let this happen to you when retiring. Start the process now and ensure that wise decisions are made while you are still in a position to make them. I can help to facilitate the necessary honest conversations around sharing a vision for the future of your farm and managing the expectations of family members. This helps to ensure that all parties have their say about their needs and goals.
I can help you to decide what is important to you and how this may affect the rest of your family with regard to:
- Your working life
- Your retirement
- Your need for capital and income during the various stages of your life
- Plans for your children
- Plans for your parents
Let me help you to plan for your future so that it is more likely to be one you wanted and planned for, rather than the one that just happened and with potentially disastrous consequences. With my assistance you’ll achieve a robust plan that will give you peace of mind that your most valuable asset and your life’s work are transferred wisely.
Or, it might be more appropriate to develop an exit plan. I can also help you with this if it is your preferred and most practical option.