26/10/2026
Most parents want to treat their children equally. Most farms cannot be split equally and still work as a farm. That tension sits at the heart of almost every farm succession, and it is the single most common reason plans stall for years.
Take a dairy farm worth $6 million with $2 million of debt. There are three children. One has been working on the farm for 12 years. The other two left for careers in Auckland and Brisbane.
Divide the farm three ways and the farming child has to find $2.7 million to buy out their siblings, on top of the existing debt. No bank will lend that against a farm that size. The farm gets sold, and the child who stayed loses the business they have spent their working life building.
Click on the link to read our blog about this delicate subject!
https://oclaw.co.nz/blog/fair-isn-t-always-equal