Wednesday, 24 February 2016

Day 4 - Succession Roadshow, Biloela Session

Posted by: Kylie Wilson 

The Biloela session of the rural succession and continuity roadshow saw good numbers again comprised of families wanting to demystify the tips and traps of rural succession planning.
John Moore of RCS gave some very interesting insights into being a sixth generation farmer on the land in South Africa.  There were also quite a few questions and concerns around the issues of gifting land to the next generation, and the duty implications where Queensland continues to remain behind the other states in assisting primary producers to pass land so the next generation can remain on the land.
The themes of lack of communication and a desire to maintain family harmony continued and reflected those that we'd heard in Emerald.  Aims of getting started early and achieving security whilst ensuring a comfortable retirement for parents also came through strongly from the younger generation. 
We then headed out on the road again for Rockhampton.  Another interesting and informative session in Rockhampton awaits before the long trip back to Brisbane.