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Pass the Baton

Author: Tony Catt - Catapult Wealth

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The purpose of this podcast series is to educate agricultural businesses (farmers) on how to work through generational transfer of farms. The goal will be to see farmers “pass the baton – not the buck!’
11 Episodes
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To continue the celebrations of Catapult Wealth's 10 year anniversary, Tony Catt interviewers his first employee, Theresa Soroka. 10 years later, Theresa and Tony are still working together and a lot has changed since the beginning! 
In this episode, we bring back Jarrad Newbold from Van Dyk Newbold & Co to discuss land ownership and the transfer of land between generations. Families who have owned, managed and farmed properties for generations, should have a succession plan for the transfer of the property to the next generation. The succession plan needs to be agreed upon by all members so the family can continue to farm the family asset. 
FAMILIES & TEAMWORK

FAMILIES & TEAMWORK

2021-03-1532:40

Collaboration within a group can help solve difficult problems. It is the same with families who work together. Family teamwork builds trust, opens lines of communication and helps each person be accountable to other members of the family. Tony Catt interviews Daniel Healy, Director of Leading Teams about working on relationships and focusing on team culture within farming families going through succession planning and generational change. 
Some considerations which complicate the process, are providing an income for several generations whilst wanting to provide an inheritance to off-farm children. So what about the off-farm children?Generally, there's an understanding that the on-farm sibling gets the farm, the off-farm children at some point begin to wonder where they fit in.  This, in many ways, is where it gets complicated. Tony Catt explains this process in more detail answers who, what and how!? 
CENTRELINK

CENTRELINK

2021-01-0335:34

This episode we are talking all things Centrelink, social security and how this affects the farming community. Tony interviews Julie Steed, Senior Technical Services Manager from IOOF and Christina Tran from Catapult Wealth. Julie has extensive experience in assisting trustees, employers and service providers meet a wide range of prudential responsibilities and in helping advisers provide quality services to their clients. 
THE RETIREMENT PLAN

THE RETIREMENT PLAN

2020-12-1443:30

Saving for retirement can help you prepare financially for the future. You may have spent your whole life with a strong work ethic continually working on the farm.  So we ask the question, do you have a clear and concise plan that allows you to transition and step away to retire?  Tony chats to Mark Foulis from Catapult Wealth about succession planning and what to consider when planning for retirement.
WHAT IS THE DEAD PLAN?

WHAT IS THE DEAD PLAN?

2020-11-2226:24

First things first - What is the dead plan?Creating a dead plan - if something were to happen to you today, what would happen to the operation of your farm? Would someone be able to keep it going?It's a grim topic, but Death is a part of life and we need to be able to have an open and honest conversation about it. In this episode, Tony talks to Mark Foulis from Catapult Wealth to dig deep into dead plans, why it's necessary and what you need to do create one. 
What are the issues? Where do they go wrong?In this episode Tony Catt interviews Matt Dorman from Mellor Olsson Lawyers about succession planning, particularly farming families, from a legal perspective. 
This episode Tony is joined by Jarrad Newbold from Van Dyk Newbold & Co. Jarrad has a growing client base in McLaren Vale and Yorke Peninsula where he services farmers and rural support businesses. Jarrad's has developed a knowledge in rural issues allowing him to give advice on succession planning, operating structures and other rural issues.
INTRODUCTION

INTRODUCTION

2020-09-2123:01

What is the background to generational transfer of farms? Why is it important? Why is it emotional? Why do it?!Tony Catt answers the important questions on Succession Planning and the generational transfer of farms. 
PILOT

PILOT

2020-08-1101:18

The team at Catapult Wealth have been working on something new! We are really excited to announce that Catapult Wealth will start a podcast entitled – Pass the Baton – in August this year.The purpose of the podcast is to educate agricultural businesses (farmers) on how to work through generational transfer of farms. The goal will be to see farmers - 'Pass the baton, not the buck!'
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