Because we have an in depth understanding of farming, finance, value and ownership structure we can quickly get the measure of a succession situation. Every situation is different and can present challenges that need to be carefully worked through knowing that to facilitate a successful outcome, it needs to work well for both generations. This includes working with the accountants and lawyers for both parties to get the structure right. Areas that take important consideration include;
- The vendor’s financial requirements
- The purchaser’s financial constraints
- Timeframes
- Sale and purchase agreements
- Existing and new ownership structures
- Funding options including vendor finance and loan structure
- Wider family considerations
- Ownership structures including leasing and equity partnerships
- Good quality communication
- Facilitation by an experienced independent