Obviously, rental is one of the key considerations in the letting of any farm. Farm rental levels are, in essence, driven by profitability considerations. Farm lease – (as opposed to sharefarm) – rental rates per hectare per year are tendered by farmers to landowners on the basis of anticipated profits to be generated. Often these…
In reading literature on farm succession in Australia I am always struck by one apparent over-simplification. This is that the various authors always refer to the farm business meaning the combination of both the farm real estate and the stock, plant & equipment and average trading capital. However, there are obvious differences between the two. …
One argument often put forward for leaving the family farm to a son is that women are less capable that men with farm machinery and in particular its maintenance. Some have suggested, only partially in jest, that males possess a “tractor gene” which is not present or is, at least, much rarer amongst females. It…
Early in my career, in England, I managed a portfolio of cropping farms for an investment bank. These were structured on a partnership basis with a farming company who was a joint venture partner carrying out the farming and the investment bank providing working capital and, of course, the farms themselves. Remuneration was in three…
One of the most frequent cause of arguments arising around the apportionment of estates to the various beneficiaries is the question of equality. While, in many cases estates can be divided equally among the children, this is not so easy where farming property is concerned. Often the farm cannot be subdivided, be it for economic…