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Success and Succession in the Family Farm Business
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I believe that Suzanne's comment reflected that while the board and directors had a well-managed and profitable business run in a responsible manner, they had lost touch with public perception and had not recognised or understood that the community now had a different expectation to how water resources are managed... What surprised me with this research was that it was being duplicated in neighbouring states, and that neither trial work had a control plot where a crop was grown under "best management practice" with the yield, response, and economic outcomes being measured against the other trial work... With the communication phase of succession, I believe we need to receive the affirmation of all parties included...
GRDC Research Summaries
Farm Business Management fact sheet: The benefits of separating land assets from the operating business (High resolution version)