Once you have a succession plan in place, it’s important to both regularly review your farm’s finances and investigate options for consolidating and reducing debt. Refinancing can free up much-needed cash and give you a buffer when times get tough.…
How to tackle succession planning
The issue of succession – who will take over the farm when the current farmer retires or dies – is a massive one in the rural sector, with implications that can stretch a long way beyond the boundary fence. For…