Photo: Suppiled / Rabobank
The next decade will see the largest inter-generational transfer of wealth as more than 17,000 farm and orchard owners reach pension age. A recent Rabobank report says based on current values that's $150 billion worth of assets to potentially change hands.
However the research finds only one in three farmers have a formal succession plan in place. Rabobank Chief Executive Todd Charteris says the succession challenge ahead for the agricultural sector is becoming more complex, but must be addressed.
