Family Succession Planning Workshops - Glen Innes and Inverell
Whether you are handing down, taking over or leaving the farm, prepare for the future of your family with GLENRAC’s Farming Family Succession Planning Workshops.
These all-day information events will cover the ins and outs of succession planning – a process that is vital to the future direction of an agricultural operation, but is too often avoided as it can be a source of contention amongst families. The day will include presentations from leading industry experts about the important factors to consider in succession planning, such as how to get started, how to talk to your family about the future, the things to avoid and where to find help and support when you are ready to make it happen.
Speaker, Lyn Sykes, is a highly successful farm family facilitator and someone with over thirty years of experiences in farm succession planning and inheritance. Her knowledge in this area led the Grains Research Development Corporation to ask Lyn to write its guidelines for succession planning and farm family communication in the early 2000s. Lyn also delivered the highly successful ‘Spring Thinking’ GLENRAC workshop in 2014, to which these events are a follow up.
“When people don’t know where to start with succession, sadly they often do nothing. Similarly, if tragedy strikes a family with no plan the end result is often absolute disaster,” says Lyn. “The best thing about a family focused succession plan is that everyone has the opportunity to ask questions and contribute to the discussion. They also have an understanding of where the future of the family farming operation is headed.”
CEO of leading Australian agri-business training organization, RuralBiz, Kathy Sims, will also help to navigate attendees through the sometimes-murky process of succession planning with her extensive knowledge of farming businesses. A former rural financial counsellor and accountant, Kathy is well equipped to support families in making the best choices for the future of their operations.
“We will give participants information that is useful for discussing succession planning with their own families, including some understanding of how they might reduce the chance of conflict that often arise during these discussions,” says Kathy.
“Our focus is on the practical outcomes of succession planning – a happy future for the older generation, family decisions for the future of the farming business and retaining the family unit,” continues Kathy. “There’s not much use having a succession plan if no-one else in the family is happy with it – it will be doomed to fail.”
Paul Hyson, from the Department of Social Services will also speak on the day.
These free workshops are funded by the Australian Government Department of Social Services Strong and Resilient Community grants program, The Bold and the Beautiful – Engaging and Connecting Women in the Northern Tablelands. Delivered in collaboration with Gwydir and Macintyre Resources Management Committee (GWYMAC) from Inverell, the funding will be used to deliver two events in Glen Innes and Inverell each year during the period of 2018-2021 that offer high quality educational opportunities for people in the area.
Farming Families Succession Planning Workshop – Glen Innes. Wednesday 15th May, 2019. 9:00am-3:30pm. Glen Innes and District Services Club, 120 Grey St, Glen Innes.
Farming Families Succession Planning Workshop – Inverell. Thursday 16th May, 2019. 9:00am-3:30pm. The Inverell Club, Evans St and Campbell St, Inverell.
Please RSVP to GLENRAC by 5:00pm 13th May, 2019 by phone: 02 6732 3443 or text: 0427 325 901 or email: firstname.lastname@example.org or drop into the GLENRAC office at 68 Church St, Glen Innes.