Agriculture Financial Planning
We are dedicated to helping farming families achieve their long-term financial goals and objectives.
As a personalised financial advisory service since 2018, we are dedicated to helping farming families achieve their long-term financial goals and objectives. We offer guidance on a range of financial issues, including estate equalisation, debt structuring, and cash management solutions.
At the heart of our approach is a commitment to understanding the unique challenges facing farming families. With a deep interest in rural commodities and their correlation with other asset classes, our team is well-equipped to help clients navigate the inevitable changes in the weather and economic conditions that can impact their asset positions.
We work with farming families and collaborate with other experts in the industry to help provide:
Guidance with the succession planning of the agricultural assets and estate planning considerations of the broader family group.
Management and diversification of ‘off-farm’ cash flow for long-term financial security.
Estate equalisation strategies through sensible succession of the asset pool – intergenerational wealth transfer to the inclusion of all relevant family members.
Tailored diversification of the family’s asset pool to reduce concentration risk to farming assets.
Debt structuring issues to ensure efficient use of capital.
Cash management solutions and low-risk investment allocation, as well as assistance with farm management deposits.
CASE STUDY
“Peace of mind as they now have an “exit-plan” with clear provisions for an equitable transfer of family wealth.”
Graham and Louise, in their mid-50s, have three children and live on working farm in Central West of NSW. The youngest son works on the farm, while the other two children have developed skill sets and careers in other areas. Graham and Louise want to ensure they transfer the ownership of the farm to their youngest son whilst allowing for a comfortable retirement and an equitable share of their estate across their family.
Outcome:
Increased contributions to superannuation; generating tax deductions in personal names, whilst growing assets in the tax-effective superannuation system.
Better management of the farm management deposits to smooth out profits over future years.
A long-term strategy is now in place to ensure the gradual transfer of the farming asset to their youngest son.
Peace of mind as Graham and Louise now have an “exit plan” with clear provisions in place to ensure an equitable transfer of family wealth.
Adam Lawrance
Director
As the founder of Lawrance Private Wealth, Adam's vision was to establish a firm that goes beyond conventional wealth management, aiming to engage with clients on a personal level and provide them with unparalleled access and opportunities to invest in their lives.
With this vision in mind, his expertise and his genuine passion for supporting farming families and the agriculture industry, Adam has become a trusted advisor to those seeking to secure their financial future and leave a lasting legacy.