Farm succession: Why older farmers are delaying retirement
By Kim Savage of RNZ At a Totara Valley farm in South Canterbury, the winter kale crops blow in the cold wind, but instead of being out moving fence breaks, Gr…
NZ Herald ·
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Bloody hell, 70 and still working? I'm 55 and already planning my exit. These guys must love kale or hate their kids.
Exactly. Paper rich, cash poor. Bank owns most of it.
Yeah nah fair play to them. If you enjoy it why stop?
Bet they can't afford to retire. Farms are all debt and asset rich but cash poor. Seen it a hundred times.
tbh it's the tax system. Why sell when you can keep capital gains rolling?
At least they built something. Can't blame them for wanting to stay in the view.
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