Todd Charteris: Rabobank CEO on the number of farming assets that will change hands over the next decade
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
A new Rabobank report reveals within the next 10 years, New Zealand agriculture will begin its largest-ever inter-generational transfer of wealth.
More than half of farm and orchard owners will reach the age of 65 in the next decade, but only a third have a formal succession plan.
It's estimated $150 billion worth of farming assets will change hands.
Rabobank CEO Todd Charteris told Mike Hosking the challenge is farms are getting better, but there are fewer farm owners, so the capital requirements are big.
He says we need to continue to explore different ownership models.
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