Succession was top of mind for many leaders at the industry event, with 21 per cent of attendees citing succession as their major challenge.
In the agriculture sector, 90 per cent of Australian farms are owned by families. As someone who grew up on a family farm in southern NSW, succession was talked about in our family for as long as I can remember and is still a process we are working through today.
It’s often an emotive subject and one that requires empathy, and more importantly respect, as Caroline pointed out.
“I think it's a lot about respect and having respect for every single family member, whether or not they work in the business, or they have completely external activities that they partake in,” she said.
“It's about respecting each other for the decisions that they've made.”