Succession planning | Landholders Driving Change

Christian and Melissa McCormack with their family at Glenbowen Station

SUCCESSION planning for landholders can be difficult and at times stressful, but it’s important and must be addressed.

Bowen and Collinsville graziers have a one-off opportunity to take part in a succession planning workshop.

The NQ Dry Tropics’ Landholders Driving Change (LDC) project is sponsoring Proagtive Agribusiness Solutions to deliver a two-day workshop in Bowen for landholders who live in the Bowen Broken, Bogie (BBB) catchment.

LDC project manager Andrew Yates said the workshop was aimed at educating all stakeholders in family farm business about the complexities of succession and strategic planning.

“A well thought out and detailed plan is the best way to avoid the difficult and stressful time of succession when it comes,”  Mr Yates said.

“Being proactive, setting achievable goals, maintaining ongoing communication between all parties and using professional support to create and enact your plan can assist you in negotiating the challenges of succession planning.

“This workshop will provide a simple methodology to farming families to gain control and understand their financial drivers so they can make good decisions.

“The LDC project is working with landholders in the BBB catchment on a range of issues including business planning.

“Preparing for the transition of management to the next generation is an integral part of good business planning, which is why we’re sponsoring this workshop.  I encourage landholders to take advantage of this opportunity,” he said.

Landholders Driving Change is a Burdekin Major Integrated project funded by the Queensland Government through the Queensland Reef Water Quality Program.

The succession planning workshop is being held at the Bowen PCYC on 22-23 November.  The third day has been set aside for landholders to book a one on one appointment with one of Proagtive Agribusiness Solutions’ experienced advisors.

To register for the course, and to book a one on one appointment, contact LDC Senior Field Officer Adrienne Hall on 0428 158 859 or adrienne.hall@nqdrytropics.com.au

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