FAMILIES & TEAMWORK

03/15/21 • 32 min

Collaboration within a group can help solve difficult problems. It is the same with families who work together. Family teamwork builds trust, opens lines of communication and helps each person be accountable to other members of the family.
Tony Catt interviews Daniel Healy, Director of Leading Teams about working on relationships and focusing on team culture within farming families going through succession planning and generational change.
Watch the full episode here.

Previous Episode

WHAT ABOUT THE OFF FARM CHILDREN?

Some considerations which complicate the process, are providing an income for several generations whilst wanting to provide an inheritance to off-farm children.
So what about the off-farm children?
Generally, there's an understanding that the on-farm sibling gets the farm, the off-farm children at some point begin to wonder where they fit in. This, in many ways, is where it gets complicated.
Tony Catt explains this process in more detail answers who, what and how!?

Next Episode

LAND OWNERSHIP & TRANSFER

In this episode, we bring back Jarrad Newbold from Van Dyk Newbold & Co to discuss land ownership and the transfer of land between generations.

Families who have owned, managed and farmed properties for generations, should have a succession plan for the transfer of the property to the next generation. The succession plan needs to be agreed upon by all members so the family can continue to farm the family asset.