Thinking About Succession Planning with Mike Krause

If you're a young farmer who is currently involved with the family business – or hoping to be in the future - you might be aware that succession planning will play a big part in your future on the farm. It also might be something that you avoid thinking about too much, let alone actively work towards. This is understandable as succession planning can be an uncomfortable topic. It isn't only about business planning - family relationships and emotional connections to the land and the lifestyle are also major factors. As the younger generation, it can be easy to assume [...]

By |2022-12-01T04:19:13+00:00August 25th, 2022|Farm Business Risk Management, Farm Business Succession Planning|0 Comments
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Farm Succession Planning 3: How to avoid the pitfalls?

In this third podcast on farm succession planning, Judy Wilkinson and Mike Krause discuss what things you can avoid in order to make this a successful process. Instead of being deterred by some of the negative stories out there, use this as motivation to follow the right process and take the necessary steps to achieve an outcome that is acceptable to all those involved. Mike Krause is one of Australia’s leading Farm Business Management consultants with significant experience in providing farm business management support, training and consulting to [...]

By |2022-11-28T02:15:46+00:00October 7th, 2021|Farm Business Succession Planning|0 Comments
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Farm Succession Planning 2: Best process?

In this second podcast on farm succession planning, Judy Wilkinson and Mike Krause discuss what process she has found helps a farming family to achieve a positive outcome to their farm succession process Mike Krause is one of Australia’s leading Farm Business Management consultants with significant experience in providing farm business management support, training and consulting to Australia’s agricultural and agri-business industries. This experience forms the basis of significant developments: ‘Farming the Business’ manual Mike produced for the GRDC. ‘Plan to Profit’, the successful desktop software [...]

By |2022-11-28T01:51:09+00:00September 22nd, 2021|Farm Business Succession Planning|0 Comments
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Farm Succession Planning 1: When to get started?

Succession planning continues to be one of the most challenging topics for farming families to deal with successfully and is the topic most frequently requested by our listeners.   This series of podcasts explores three key questions:   (1) Why is it so difficult for many families to get started on farm succession planning and when is the best time to start?   (2) What is the best process?   (3) How can we avoid some of the challenges that can occur in farm succession planning?   Judy Wilkinson has been providing consultancy to families on farm succession planning, more recently known as ‘Farm Business Transition’, for over 20 years. Her experience gives helpful insight into this often difficult process. Judy has also been involved in farming for many years at Snowtown, South Australia, [...]

By |2022-11-28T01:46:33+00:00September 2nd, 2021|Farm Business Succession Planning|0 Comments
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