Rural Succession Planning
Are those late-night worries about your farm keeping you up?
Firstly, we get it, and secondly, you're not on your own.
How can we help?
We recognise that your farm isn't just a financial investment; it's a representation of your life's work and a significant asset. Broaching the subject of its future can be challenging, especially when there are various options in the mix. How can you decipher what others are truly thinking, and how do you ensure your ideas align with the best course? What does the transition of the farm look like, and what comes next?
These are all valid concerns that won't find resolution inside your own head. But how do you kickstart the conversation and see it through? If you're feeling stuck, unsure where to begin (or perhaps you've had a false start and are feeling bit cautions), we're here to help. Since 2009, we've been assisting farming families in unraveling their current situations and taking the necessary steps - both immediate and those that follow - to facilitate discussions on future plans. Ideally, we work towards achieving agreements and understanding.
When everyone is on the same page, it becomes much simpler for you to provide clear instructions to your legal and accounting advisors. This unified front ensures that you can move forward together, safeguarding your family unity, and respecting everyone's perspectives. Let's navigate this journey together.
What exactly is rural Key Person cover?
Tailored specifically for farmers, rural Key Person insurance involves a monthly payment that serves as a safeguard, ensuring the ongoing operation of a rural business in the event of your inability to work due to illness or injury.
Given that over 40% of New Zealand's land is dedicated to farming, and agriculture remains a cornerstone of our economy, safeguarding this sector is a paramount importance. On a more personal scale, farms not only constitute a means of livelihood but also demand significant investments of effort and responsibility for their continual upkeep and success. Rural protection insurance acts as a shield, assuring coverage for your farm - your most substantial asset - and shielding you from the financial repercussions of incapacity to work.
By securing the future of your farm and maintaining its vitality for the generations to come, this insurance empowers you to enlist the necessary support, contributing to the sustained success of your agricultural enterprise.
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