5 days ago
Massive transfer of wealth coming as farmers age
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 Rabo Bank 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. Rabo Bank Chief Executive Todd Charteris says the succession challenge ahead for the agricultural sector is becoming more complex, but must be addressed.
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