Farm Owners &
Agriculturalists
Farming is big business these days; make sure you're ready for future growth.
Between tax planning, lending, day-to-day operations and preparing to transition your property to the next generation, owning a farm or agricultural enterprise requires careful financial consideration. Prosperity Wealth + Advice work with your existing supports to reduce stress, build personal wealth and let you concentrate on running and developing your agribusiness.
Succession planning
An effective succession plan in a family-run farm manages the needs of the retiring generation while balancing the expectations of future farmers and their siblings. We can help develop a plan that facilitates a fair transition of property and assets to reduce potential unrest within your family relationships.
Building personal wealth
Building personal wealth should be a vital cog in your financial plan. Creating capital outside of your farm strengthens your financial future, neutralising the unanticipated changes season to season, stock prices and land values, and reduces purchasing debt for the next generation.
Superannuation & retirement
Life on the farm can be all-consuming, but don't forget, you are allowed to retire too! Building superannuation outside of your farm can assist the financial burden of a business transition and support your eventual retirement.
Personal Insurance
As a farmer or agriculturist, your lifestyle and livelihood are closely connected. So, would your farm and family life prevail if you couldn't work due to injury or illness? Ensure your finances are secured with personal insurance cover.
Farm acquisition and expansion
Growth is an exciting time for farm owners, and financing to buy the farm next door can provide fantastic opportunities for crop diversity and increased income. We can help you prepare for any future prospects today.
Working with existing supports
Consistent and cohesive financial planning is the key to the long-term success of your agribusiness. We work with your existing advisers and supports to maximise your outcomes and allow you to focus on running your farm.