Succession Planning in Australian Farming

John Hicks, Richard Sappey, Parikshit Basu, Deirdre Keogh, Rakesh Gupta

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Abstract

The theme of this paper is that succession planning in Australian farming is under-developed. It may be linked to economic and social change which suggests that farmers need to adapt to generational change but this is being resisted or ignored. The implications of this are the slow decline of family farming, a poor transfer of skills and knowledge to subsequent generations of farmers in some parts of the agricultural sector and the potential for an extension of the financial services industry to develop a more effective raft of succession planning measures to mitigate the effects a traditional approach to succession in agriculture.
Original languageEnglish
Pages (from-to)94-110
Number of pages17
JournalAustralasian Accounting, Business and Finance Journal
Volume6
Issue number4
Publication statusPublished - 2012

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