Farm Succession Planning for Agricultural Families
General Advice Warning: Any advice on this site is general in nature only and has not been tailored to your personal objectives, financial situation and needs. Please seek personal advice prior to acting on this information.
Farm succession is the most complex intergenerational planning challenge in Australian financial advice. Unlike other wealth transfers, the asset is indivisible (you cannot split a farm equally between children without destroying its productive capacity), illiquid (selling part of the land changes the operation), and emotionally charged (the property represents generations of family identity, not just financial value).
The majority of Australian farms are family owned and operated, and many have no documented succession plan. When a plan exists, it often addresses only one dimension, usually the legal structure, while leaving superannuation, insurance, off farm wealth, and family coordination unaddressed.
Build MyWealth approaches farm succession as a coordination exercise across five parties: the accountant (tax structure and CGT), the lawyer (wills, trusts, agreements), the farm consultant (operational viability), the financial adviser (super, insurance, off-farm wealth), and the family (values, expectations, communication).
The Four Challenges Unique to Farm Succession
The Five-Party Coordination Model
Illustrative Scenario: The Grain Family
Frequently Asked Questions
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Build MyWealth (Accounting Cloud Pty Ltd, ABN 65 625 990 829) is a Corporate Authorised Representative (No. 1306106) of Lifespan Financial Planning Pty Ltd (AFSL 229892). The information on this page is general in nature and does not take into account your personal objectives, financial situation or needs. Before acting on any information, you should consider its appropriateness having regard to your own objectives, financial situation and needs and seek professional advice. Past performance is not a reliable indicator of future performance.
Rates, thresholds, and legislative references on this page are current as at March 2026. They may change. Verify before acting.