03 September 2022

This week of Findex Friday on The Rural Roundup podcast is with Doug Davidson, Findex Associate Partner for Wealth Management. Although some farmers believe they are going to continue farming their entire life, and leaving the farm is not an idea they entertain, addressing the planning early allows for more clarity and options moving forward. Doug goes into:

• The most important thing when starting the succession planning process

• What farmers commonly want in a succession plan

• The importance of considering a future lifestyle as well as living costs

• Why starting early with succession and involving the family is important in a successful plan