Just as no two people are the same, no two farm operations will be the same. You need a robust legal framework to protect your farming business and to be sure this framework covers your particular farming needs.
These needs will be wide ranging and will vary. They will include some of the following:
Ownership issues, exit strategies, profit sharing, the terms of a lease, banking, finance, incapacity, death or separation, the terms of a sale and purchase agreement, GST and tax, farming practices and succession.
These issues can cause disruption and unnecessary burdens unless the right legal documents are in place for you. Don’t wait until after an event before you take steps to protect your business.
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