Pass the Baton

In this episode, Tony Catt interviews Dr Kate Burke, Author of ‘Crops People Money & You’ 

Dr Kate Burke’s practical and pragmatic approach to farming is based on thirty years of experience as an agricultural scientist in the dryland cropping sector. She knows how to connect the dots of science, people and money.

Watch the full episode here. 

Communication is key, especially when it comes to succession planning within family businesses. 

Tony Catt interviews farm family facilitator, Judy Wilkinson. Judy talks through her process of transition and succession planning for farming families and consults on business continuance issues. 

Judy discusses her role in family farming businesses and how being the conduit for crucial conversations can have positive long term effects, helping to make businesses stronger and more productive.

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. 

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.

Watch the full episode here. 

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!? 

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. 

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.

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. 

Join us in this insightful episode of our podcast as Tony Catt sits down with Matt Dorman, an expert from Mellor Olsson Lawyers, to delve into the intricate world of succession planning. 

This discussion shines a spotlight on the challenges faced by farming families and explores the common pitfalls they encounter along the way. Gain valuable insights from a legal perspective as we unravel the issues surrounding succession planning and uncover where things often go wrong. 

Don't miss out on this engaging conversation that will equip you with the knowledge you need to navigate the complexities of succession planning, ensuring a smooth transition for your family and your farming legacy. Tune in now!