It’s never too early to start succession planning
Description
Tim Flynn is the Principal Solicitor at Land Law Co and also owns and runs his family’s farm, ‘Strathallyn’, north of Mudgee. ‘Strathallyn’ is a 50/50 fine wool and cattle operation that is in the process of transitioning to a straight cattle trading operation.
In this episode, Tim discusses the importance of succession planning, how his legal background helped him navigate his family's succession process fairly, and the lessons he has learned through these experiences. He also discusses the challenges of an off-farm business and a working farm, the role of agritourism, and the rise of renewable energy companies pitching "alternative income streams" to farmers, with the reminder to any farmers considering a renewables proposal to seek professional advice before signing anything.
Local Land Services Senior Ag Advisor, Lauren Roberts, caught up with Tim at his office in Mudgee for this chat.
Resources and links:
Nominate a Mate:
- If you'd like to nominate a mate (or yourself) as a potential future guest on the podcast, you can do so here: Nominate a Mate for 'Seeds for Success'.
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The views contained in this podcast series are not necessarily endorsed by Central West Local Land Services. Listeners are advised to contact their local office to discuss their individual situation.
This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.
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