In this episode, host Narelle Hooper grabs a beer with Bob and Nicola Mac Smith at their pub in Cargo, New South Wales for a lively chat about farming, family, and forward-thinking. As fifth-generation farmers, now with the sixth generation, Sam, Jock, and Tom, stepping up - they know firsthand the ups and downs of life on the land.
But instead of betting everything on farming’s unpredictable nature, they took a bold step into processing. More than 30 years ago, Bob and his brother Pete launched a small canola mill on their farm - a venture that has since grown into MSM Milling, a powerhouse in global agribusiness that’s on track to double its production.
It’s a story of smart diversification, family wisdom, making sure your chair isn’t too wobbly, and how an investment meant to pay for Sam, Jock, and Tom’s boarding school fees turned out to be more rewarding than they ever imagined.
Want to know more about the groundbreaking research Why the Modern Family Office Matters? Head to mutualtrust.com.au or email us at purposeofwealth@mutualtrust.com.au
Purpose of Wealth is hosted by Narelle Hooper
Producer and editor is Samuel Phelps
Executive producer is Lauren McWhirter
See omnystudio.com/listener for privacy information.
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