- It is a one-time event in the life of a farm business
- It will just happen naturally if you do nothing
- “One day, it’ll all be yours” – it’s a waiting game
- All you need is your lawyer or accountant – it’s just about tax savings
- It means the end of farming for the current generation
- Equal is fair
- It only applies to large farm businesses
- It only happens between fathers and sons
- It’s too early to start planning now
Watson says families need to remember they are not alone, they are in control and there is plenty of help out there.
