Episode 60 – Planning for the unexpected isn’t she’ll be right
In this episode, we discuss the importance of planning for the unexpected in farming. Carissa Fairbrother, financial advisor at RIVAL Wealth, shares key insights on preparing your financial affairs for unforeseen circumstances. We explore how safeguarding your farm’s future with proper insurance and risk management can help during tough times, ensuring your business remains resilient.
Guest:
- Carissa Fairbrother, Financial Advisor, RIVAL Wealth
Host:
- Sarah Perriam-Lampp, CEO and Editor-in-Chief, Country-Wide
Carissa Fairbrother, financial advisor at RIVAL Wealth, explores the importance of key person insurance in protecting farming businesses from unexpected disruptions. With years of expertise in financial planning, she highlights how farmers often overlook their own role as the most valuable asset in their operation. The conversation delves into succession planning, estate management, and ensuring financial stability in the event of illness or accidents. Carissa addresses common misconceptions about insurance, emphasizing the need for proactive decision-making. She also discusses the impact of inadequate planning, including forced farm sales and financial strain on families. The conversation underscores the importance of aligning financial protection with long-term farming goals, ensuring business continuity and intergenerational success. By structuring risk management effectively, farmers can secure their legacy and navigate uncertainties with confidence. This episode provides valuable insights for those looking to safeguard their farming future with smart financial strategies.
Carissa’s article in the latest Country-Wide: https://country-wide.co.nz/shell-be-right-mate/
