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Average age of Australian farmers has increased to 58, sparking calls for better succession planning.
The average age of Australian farmers has risen from 51 in 2001 to 58 in 2018/19, highlighting the need for better succession planning.
This process, now seen as "legacy planning," aims to honor the farm's history and encourage retiring farmers to participate.
Challenges include poor communication, rising land prices, and limited resources for small farms.
To help, experts suggest a national legacy planning resource hub and professional support from rural financial counseling teams.
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La edad media de los agricultores australianos ha aumentado a 58 años, lo que hace necesario mejorar la planificación de la sucesión.