5. Formalise succession to protect the family’s greatest asset
It’s a difficult conversation that too many families avoid but talking about succession early – and often – avoids bitter division and potentially saves millions of dollars. Dave and Gordon Brownhill are two years into a five-year transition for their four sons to take over their Gunnedah, NSW, cotton and cropping business, now operating as a new company, Merrilong Agricultural Company Pty Ltd. “My brother and I are now employed by our sons and nephews,” says Dave, adding that the four male cousins decided to keep the business as one, with separate provisions for his daughter.
The whole plan is the result of years of meticulous planning and frank family discussions and a hard-and-fast rule that big decisions require a unanimous vote. “You need to get the best advice,” says Dave. “We also have a paid advisory board.”
The Brownhills’ succession planning is working to preserve family harmony as much as the legacy of their business. “It’s about keeping the family together – it’s all about Christmas time,” says Dave. “What’s the point if you don’t get on with your family? It’s all wasted.”
6. Leverage natural capital to drive gains in productivity
Natasha Greenwood, General Manager Agribusiness at CommBank, neatly sums up the power of natural capital. “You can’t invest in green if you’re not in the black,” she says. “Natural capital plays a really important role in helping farming businesses to be productive, profitable and resilient.” Australian farmers manage our soils, trees, waterways alongside their own animals, pastures and crops, she says. “These natural assets are being valued in the same way as other asset classes.” In 2022, Black Angus beef producer Macka’s Pastoral began a program to understand how they could become carbon neutral without using offsets or taking land out of production. They started with 1400 soil samples across eight properties on the NSW Mid North Coast.
“We did this for the market, for our family and for our community. But the benefits have been multiplied many times over.” says fourth-generation producer and managing director Robert “Macka” Mackenzie. By adopting recognised practices to sequester soil carbon, they have increased on-farm productivity and achieved carbon neutrality. “We’re producing more resilient, productive pastures with improved groundcover, stronger weight gains in our cattle, and greater water retention across the farm. Erosion is now virtually eliminated, emissions have been reduced, and our team is more engaged than ever. This steady sustainability journey continues to deliver, lifting the viability of our operation by 5–10 per cent each year through consistent one per cent gains”
“You can’t invest in green if you’re not in the black,” she says. “Natural capital plays a really important role in helping farming businesses to be productive, profitable and resilient.”
– Natasha Greenwood, General Manager Agribusiness, CommBank
7. Build a high-performing culture for a competitive advantage
Glen Arden Cattle Co. runs upwards of 5000 cattle across more than 18,000 hectares north of Roma, Queensland. When John and Angela Frith joined his parents, Charlie and Liz, in 2009, they brought a generational mindset shift that has helped take the successful operation to a new level. “We’ve got a high focus on increasing productivity and sustainable enterprises,” says John.
The Friths have introduced a range of progressive practices but it’s bringing in the right people that’s moved the needle the most. “We put so much time and effort into the language we use when we’re recruiting,” says Angela. “It’s not just another generic job ad.”
They keep the recruitment bar high, even in a tight labour market. “We’re patient in hiring, which can be bloody hard when you’re screaming out for people,” says John, who says his time as a professional rugby league player made an impact on his leadership.
“I was exposed to a lot of constructive feedback from coaches and you’re always looking for ways to improve. You get comfortable with reflecting on yourself and that’s how I approach the business, which flows on to the culture of our staff. We attract people who are chasing that sort of environment.” The staff doing operational work “are superstars”, he says.
“We approach culture like high-performance sport in how we look after them. We educate them, build them up and hopefully give them a great mission and purpose.”
“We approach culture like high-performance sport in how we look after our team. We educate them, build them up and hopefully give them a great mission and purpose.”
– John Frith
Australian agriculture is in the midst of an exciting transformation, led by inspiring producers who are blending technology and cutting-edge science with high-performance leadership practices to deliver on sustainability and productivity initiatives that ensure profitability and resilience. From data-driven herd management to welfare-led production, smart succession planning and unlocking the immense value of natural capital, these farms prove that innovation doesn’t replace tradition, it strengthens it.