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Your Last Fencepost : Succession and Retirement Planning for New Zealand Farmers Joan Baker ISBN: 9781877361 21 0 Release: October 2008 Subject: Business, Self-Help, Rural Sector Format: Paperback RRP: NZ$29.99 Read Extract

The average age of a New Zealand farmer is fifty-eight. Most of these hard-working men and women of the land are ready to ease back from farming but don’t have a well-planned exit strategy in place. Your Last Fencepost vigorously tackles the challenging questions facing all farmers today, regardless of age, and gives robust suggestions for planning and controlling the transition:

• Will the farm be sold?
• Who will inherit the farm?
• How will you treat all your children fairly and equitably?
• How will you prepare the family and safeguard the farm’s future?
• How will you transfer ownership of the farm?
• How will you protect the farm if your successor’s relationship fails?
• How will you manage your income and invest your funds?
• Where will you live and what will you do?

All these questions and many more are clearly answered in this straightforward financial planning guide – essential reading for all New Zealand farmers who are seeking future security and fulfilment.

‘To get the future that you want you have to create it – and it takes time. … but planning involves much, much more than just the finances.’