702-704 Murray Street
West Perth WA 6005
+61 8 9486 7515
Focus: Set a clearly defined strategy and plan for the purpose of the business over the 3-, 5- & 10-year time horizon
– What is the way of life that business needs to support?
– What is the purpose of my farm business?
– What’s the long-term plan for the farm?
– Who will inherit the farm, if something happens?
– How do we intend to achieve?
– What type of finance/capital model business do we want to be?
– Set up most effective business structure (family trust, company etc.)
– Identify scale of production required to meet financial goals
– Identify crop opportunity or niche (why do you decide to grow what you do and which method do you use – conventional, organic, protected cropping etc.)
– Understand cost of operation and production
– Put legal succession plan in place