Farm Family Podcast: Episode 43 - How to Navigate Parents Who Go Soft with Their Children in Transition

Episode 43: How to Navigate Parents Who Go Soft with Their Children in Transition

In this episode, my guest is Isobel Knight, an Australian succession planning specialist and owner and director of ProAgtive – Australia’s leading farm family transition planning business. Isobel specializes in ensuring that the next generation has an opportunity to participate in agriculture and believes that valuing family above all else is the key to future success.

We will explain what it means when mom and dad “go soft” during the farm transition, plus the consequences of not having a family-centred process in place for the next generation. We will discuss how succession planning is not a single event, but an ongoing process, which, if started early enough, can protect farm family members (particularly mom and dad) when they’re at their worst and most vulnerable.

“So yes, we do worry about financials and interest rates. And we do worry about our commodity prices and the weather, but the thing that really keeps us awake at night is our families, and so we need to have a family-centered process. What we’re understanding and acknowledging is that this matters enormously. But this also needs to be within the scope of a structured process, a road map, a pathway.” – Isobel Knight

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• CONTACT –take the next steps in your transition

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