Once in a lifetime: Sow, Grow or Harvest?

The opportunity for Australian agribusiness

Agribusiness is the backbone of the Australian economy. But the winds of change are blowing. PwC modelling estimates that more than 350,000 family and private businesses - including agribusinesses - plan to either sell or pass on to the next generation in the next five years. Getting this transfer right is crucial, not only for the agribusiness, but also for the broader economy.

Something big is happening.

Agribusinesses face unique challenges. On the one hand, there’s a lack of capital, an ageing workforce, and a decline in young people entering the sector. But on the other, businesses are performing well, the market is buoyant, and growth prospects for ‘brand Australia’ are bright.

Business owners have some tough decisions ahead. But whatever path they choose to take – sowing seeds of improvement, growing through the next generation, or harvesting via a sale – with careful planning and the right actions they can reap the rewards.

PwC’s ‘Once in a lifetime: Sow, Grow or Harvest?’ report aims to help owners navigate their options by shining a light on the key issues and opportunities currently at play in the sector.

We explore the drivers behind the current intergenerational transfer of wealth and outline why it’s essential for Australia to get it right. We also clarify the critical decisions that retiring or exiting agribusiness owners need to think about and offer guidance on how to make sure their next move is a success.

At a glance

Australia’s agricultural landscape is transforming as the current generation of family farmers look to either pass on the reins or sell up their land.

As the biggest contributor to our economic growth, our continued economic prosperity, and the security and sustainability of our food supply are closely tied to making sure the transfer of agribusiness wealth in progress or set to take place over the next decade is successful.

View the significance of the agribusiness sector to the Australian economy, and the key actions agribusiness owners should consider when they plan for succession or sale.

Insights from Bindaree Beef’s CEO Andrew McDonald

Finding the right partner, getting prepared and focusing on people were the keys to Bindaree Beef’s successful equity raising, which will see the family business supplying more of its premium branded beef to growing international markets.

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Contact us

Sanjiv Jeraj

Private Clients National Leader, PwC Australia

Tel: +61 (3) 8603 3187

Greg Quinn

Partner, PwC Australia

Tel: +61 2 8266 0141

Adam Thompson

Partner, PwC Australia

Tel: +61 2 8266 1181

Samantha Vidler

Partner, Private Clients, Brisbane, PwC Australia

Tel: +61 7 3257 8813

Rendle O'Connell

M&A Leader, PwC Australia

Tel: +61 7 3257 8198

Jason Habak

Partner, Private Clients, Sydney, PwC Australia

Tel: +61 2 8266 2960

Paul Lewis

Partner, Private Clients, PwC Australia

Tel: +61 3 8603 3678

James Blackburn

Partner, PwC Australia

Tel: +61 8 8218 7100

Jaclyn Hope

Director, PwC Australia

Tel: +61 7 3257 5485

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