In this episode, my guest is Isobel Knight, an Australian succession planning specialist and owner and director of ProAgtive - Australia’s leading farm family transition planning business. Isobel specializes in ensuring that the next generation has an opportunity to participate in agriculture and believes that valuing family above all else is the key to future success.

We will explain what it means when mom and dad “go soft” during the farm transition, plus the consequences of not having a family-centred process in place for the next generation. We will discuss how succession planning is not a single event, but an ongoing process, which, if started early enough, can protect farm family members (particularly mom and dad) when they’re at their worst and most vulnerable. 

Access the full show notes for this episode at elainefroese.com.

Discover more about our guest: Isobel Knight

Elaine Froese Resources:

• Watch this episode on YouTube.
• SPEAKING - book Elaine for your next event
• COACHING - find your Farm Transition Coach
• MEMBERSHIP - Join the Farm Family Harmony Membership waitlist
• RESOURCES - download for FREE
• CONTACT - take the next steps in your transition 
• BURNING QUESTION? Submit it here for Elaine or her coaches

Timestamps

0:00:30 Introduction of Isabel Knight and her background in farming
0:01:14 Isabel discusses her family farm history and challenges in farm succession
0:07:08 Explanation of Proactive's approach to farm transition
0:09:25 Detailed process of gathering information, including questionnaires and financial analysis
0:15:13 Discussion on "going soft" with children in farm transition
0:18:24 Strategies for helping parents align and plan for their future
0:22:16 Importance of integrating business, succession, and estate plans
0:25:07 Challenges of making decisions after losing a spouse
0:28:54 Closing advice on prioritizing parents' needs in farm transition