Farm succession—it’s one of the biggest challenges facing New Zealand’s rural families. How do you pass the farm on to the next generation in a way that’s fair, makes financial sense, and keeps relationships intact?
Our guest today is Joe Morgan, an accountant and director at GFA in Te Awamutu, who is back by popular demand. Joe's here to cover the main challenges farmers are facing with farm succession and the role of trusts and other business structures.
He’ll also walk us through some strategies for balancing inheritance between farming and non-farming children, and why getting the right professional advice early is critical.
Links
Joe Morgan in episode 29: 'More than tax: the benefits of a good rural accountant'
Hot Tips for Successful Farm Succession
Rural Coach’s Free Succession Planning eBook
Keeping Farming in the Family: A guide to succession planning for farmers and their families
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