Successful Succession
Hello!
Spring is in the air and the busy season is just around the corner. On the 19th it was Family Business Day, and this year we not only celebrated our own family business but also all of the family businesses we have the privilege of working with. We understand the unique dynamics of family enterprises and love being able to support multiple generations with their financials.
As this newsletter reaches your inbox, we are spending our second day at the YP Field Days. If you’re attending, come visit inside the GPSA tent, we’d love to see you.
📍 You can find us indoors at 638 Cunliffe Road.
Out and About – What We’ve Been Up To This Month
With spring sales heating up, last month we’ve been helping existing and prospective clients prepare for land purchases. Each scenario is different, but we always consider:
- Have you been leasing the land already?
- How much income will it generate?
- What additional costs will come with it?
We run through the financials and provide clear information to help you understand whether a bank is likely to support the purchase. This can be done with a specific property in mind or simply a budget figure you’re comfortable with. That way, when you go into a sale, you have confidence in your position with lenders. And of course, after a purchase, we can assist in securing quick, suitable finance.
Last month we also attended the Hart Field Days and saw a great demo on integrating AI into farming to make operations more efficient. This particular demo had a few different types of automatic sprayers, aimed to act independently, reduce chemical waste, and target weeds more accurately. Although these are early phases, it will be interesting to see where these machines will go. I like to joke that while your kids might tease you for not being the best with phones or laptops, you can remind them you are running machinery with more tech inside than they could imagine!
Successful Succession
Succession isn’t always an easy topic, but it can also be a really exciting time. For the older generation, it may bring more free time, while the younger generation takes on fresh responsibility.
We’ve supported many clients through succession and know that no two farms will approach it the same way. In our latest blog, we share common scenarios and how we help families navigate the financial side to make the transition smoother.
Click Here: Successful Succession
What’s Happening with Interest Rates?
The cash rate held steady at 3.60%
Commonwealth Bank (CBA)
Anticipates 25 basis point cuts in November, taking the cash rate to 3.35% by the end of the year. Another rate cut may be possible in 2026.
Westpac
Expects 25 basis point cuts in November, taking the cash rate to 3.35% by the end of the year. They have also forecast two additional 0.25% rate falls in Feb and May 2026.
National Australia Bank (NAB)
NAB have ruled out further rate cuts for the remainder of the year. They expect the next rate change to be in May 2026.
ANZ
Predicts a 25 basis point cut in November taking the cash rate to 3.35% by late this year.
“The secret of change is to focus all of your energy not on fighting the old but on building the new.” – Socrates, Famous Philosopher
Have a great day!!
Deb & Laura
Click here: To subscribe to our newsletter
Latest News
RSM – Transforming Family Farms into Agribusiness Enterprises
The article looks at how family farms are growing in scale and complexity, and why many are moving from traditional structures to corporate-style models to better manage risk, succession, and long-term growth. It highlights both the benefits and trade-offs of restructuring.
Key Takeaways:
- Family farms are evolving — old structures like partnerships and trusts may no longer suit.
- Corporate structures can offer stronger asset protection and succession planning.
- Lower corporate tax rates and separation of business vs. land ownership are advantages.
- Downsides include higher compliance costs and loss of some concessions.
- Professional, tailored advice is essential before making changes
Episode 3 – Global Grain Export Seasonality
Global grain exports follow a distinct seasonal cycle driven by Northern Hemisphere harvests, with volumes lowest in the autumn/early winter and peaking in the latter half of the calendar year. Southern Hemisphere exporters (like Australia) help smooth the pattern, but can’t change the overall rhythm.
Dates for 2025: Tuesday, 30 September to Thursday, 2 October
Opening hours: Each day from 9:00 am to 5:00 pm.
Location: Paskeville
Australia’s longest-running and one of its largest agricultural showcases returns this spring. Over three days, the event hosts 600+ exhibitors, hands-on farm machinery displays, working sheep dog trials, fashion parades, shearing demos, keynote talks, and family fun. With tens of thousands in attendance, it’s a vibrant celebration of both farming innovation and community spirit. We will be there all 3 days come say hello!