Recently, our Director, Tony Catt caught up with Jeremy from Farm Owners Academy to discuss farm succession planning. Marrying into a farming family, Tony has a strong understanding of farming businesses and finance, providing an inside view of how to make it work. To continue the farming succession planning theme from part one, Tony and Jeremy continue with part two, focusing on building trust. Trust in any family is important, but it is especially important for running an effective family-run farming business.
Click the image above to listen to the Farm Owners Academy Profitable Farmer podcast with Tony, which covers all you need to know about building trust within a farming family.
The main points covered are:
- Why trust is essential to effective succession planning
- How trust is broken
- The 3 communication and trust ‘killers’
- How to build trust where it has previously been absent
- The important roles each of us play within the family to nurture a culture of trust and respect
We hope you enjoy and if you have any questions, please give us a call on (08) 8172 9111 or email advice@catapultwealth.com.au.