Farm Success Enabling Case Studies
Few farm businesses in Australia pass smoothly from one generation to the next for several generations. In the past fifty years the number of commercial farm businesses in Australia has more than halved. In future, as in the past, a small minority of farm businesses in Australia will have the potential and capacity to evolve into successive generation businesses that can continue to earn competitive returns on capital, be financially viable (liquid) and build wealth (growth and return to equity).
Mike Stephens, founder and Director of Meridian Agriculture, is currently undertaking a project titled Farm Success Enabling Case Studies and will produce a series of case studies of Australian red meat production businesses which are family owned and managed. The studies will include descriptions of the businesses from the human, financial and physical perspectives. Co-funded by the MLA Donor Company and Meridian Agriculture, the studies will contrast the decisions, actions, attitudes and attributes of the owner/managers/family members of businesses which will continue into and beyond the fourth generation, with those which will not continue.
Mike is currently a PhD candidate studying Farm Business Succession and has over thirty years’ experience in directing, managing and advising small and medium sized businesses. He has developed and directed industry projects and consulted extensively on succession and transition in business.
As well as the studies, Mike is collecting ‘good news’ & bad news’ stories on succession and is keen to talk to anyone who has a story to share (anonymity assured). If you have any questions around this project or would like further information, please contact Mike on 03 5341 6100 or email firstname.lastname@example.org