Some people in considering retirement, have long held the vision of younger family members joining them, to live and work at the farm, so as to continue control of the land and its operations, into the future.

Of course, the desire to remain on the Farm whilst bringing in the next generation is commendable.

And we certainly understand that the viability of this idea, is dependent upon many important variables: family; financial; and otherwise.

However, we also believe that the financial realities of comparing the Farm’s production of ‘free cash flow’, to accommodate these new & increased outlays, should be viewed, as a stand-alone exercise.

Therefore, we suggest that a ‘Farm Viability Report’ apply an accounting process to this strategy, to explore at least, the financial impact of the changing circumstances.

This will allow you to understand the viability of the farm’s operations under this new model, so as to identify what is required, in meeting the expected needs of all stakeholders involved.

If you would like a referral to a Farm Viability expert, complete the form below