Course length
Two days on farm
Course cost
Cost |
GST Inc |
GST Exc |
Full cost |
$2673.00 |
|
FarmBis pays |
$1336.50 |
|
Farmer pays |
$1336.50 |
$1215.00 |
FarmBis subsidy is 50%
Course is inclusive of travel/accommodation and course materials
What is covered
The course aims to facilitate farm families through a process of deciding farm succession planning issues.
On completion of this course participants will:
-
Have identified the structure and history of land ownership management and control
-
Identified farm family members with an interest or stake in farm succession
-
Identified future family, business and retirement objectives
-
Identified future land ownership, management and control objectives
-
Developed a pathway for achieving succession objectives
-
Identified financial capacity of farm to meet farm’s succession and retirement objectives
-
Planned and held a family meeting in which the views of all stakeholders are met
-
Reviewed pathways for implementing succession, retirement and inheritance plans
Prior to undertaking this process we suggest that the farm’s capacity to provide income for retirement (parents) and to pay for management (eg son(s)/daughter(s)) be evaluated. Some clients achieve this by undertaking either the Farm Financial Planning or Farm Business Planning courses prior to completing this course.
The farm’s historic accounts (prepared by your accountant) provide a guide based on historic performance.
