FSSA 5 Steps for Succession

Great Expectations – Setting Expectations for your Family Succession Plan

Great Expectations Setting Expectations for your Family Succession Plan By Phillip “Dibbo” Dibben “Five Steps for Succession Success is a collaboration between Kelly Kelly Legal and Financial Services SA” When you are involved in a family farming business, there’s a lot at stake. Managing the day to day general demands of an intergenerational farm can…

Sharing the load – Using an advisory board to make the most of what you’ve got

Running a family farming business can be stressful. You’re dealing with market fluctuations, pressure to increase productivity, pests and adverse weather conditions, not to mention the general demands of laying the foundations for the next generation. Caught up in the immediate needs of the business, you may find yourself unprepared for unexpected events such as…

A voice at the table – a practical tool for farming businesses

For the younger generation of many family farming businesses, involvement with the farm may mean working without receiving any ‘real’ income. These family members often secure paid employment outside of the family business to enable them to provide for their immediate families in the short term. While working outside of the family business is often…

Federal Budget 2017

On Tuesday 9 May, the Federal Government handed down its Budget for the 2017–18 financial year. According to Federal Treasurer Scott Morrison, this year’s Budget is founded on the principles of fairness, security and opportunity. Mr Morrison claims that the government’s proposed measures will raise almost $21 billion in revenue over the next four years,…