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Focus on succession planning for farms

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May 25, 2018

A business forum focussing on family-run agriculture and agribusiness ventures will be held in Benalla next Monday.

A business forum focussing on family-run agriculture and agribusiness ventures will be held in Benalla next Monday.

Alpine Valleys Community Leadership (AVCL) is running the event at Rafferty’s Reception Centre on May 28 from 6pm to 9pm.

The keynote speaker will be Mike Stephens.

He specialises in succession with farming families and has carried out a series of 16 in-depth case studies of family farm businesses.

Covering several generations, the studies are measured against the three aims of having sufficient funds for retirement, handing on a viable farm and providing for the next generation in a way that ensures they are satisfied with their deal, now and in the future.

The Benalla forum is one in a series of three and will move onto Wangaratta and Wodonga on Tuesday and Wednesday.

AVCL executive officer Kim Scanlon said they were excited to hold the forums, which were hosted in partnership with AgBiz and the Kyamba Foundation.

‘‘We trust that the forums will stimulate exciting ideas for families thinking about the issue of ‘what next’ for their prized businesses and place participants on pathways to practical solutions for their businesses transition,’’ Ms Scanlon said.

‘‘These forums provide an opportunity for families to understand the issues around what it takes to step down from leading a business, as well as the pressures of taking over the leadership of an established business.’’

●The forums are free and all members of the public are welcome to attend, however, organisers require participants to register at www.avclp.eventbrite.com.au

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