Frank,
I suppose I could do a degree at Melbourne Uni with the money, I could buy a
boat, new car and some of those material things, or I could finance a young
person into the industry.
I could put a deposit on the farm next door, more cows, more work, more
stress, or I could retire nicely.
Kate, I will need to know all about the tax implications of receiving this
package money, and what the Government might want to take from me in charges
and bank taxes.
I will want to know the benefits of taking the money as a lump sum against
taking it in three equal instalments.
I will want to know that if I choose to buy shares in my Dairy co-op with
the money that they will pay me a good dividend. I will need to know that
the money will make me money whatever I do with it, so I will need some
ideas about options. I will want to know by January 1, 2000 how much money I
will receive so that I have time to plan what to do for the best before I
receive it on July 1, 2000. I will want to know that the administration cost
of this package is kept to a minimum, so that the money goes to farmers for
the transition and not to "shiny bums" to keep themselves in a job.
I will expect that owners and sharefarmers will have sufficient information
and goodwill that they will be able to work out the sharing arrangements for
their businesses without the need for legal procedures.
I will not expect the package to pay for such legal expenses should they
occur.
Jennifer McMillan
RMB 4670
Denison 3858
Ph/fax +61 3 51 486 365
jenmcm@netspace.net.au
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