Instead of a traditional handover to their children, Martin and Erika Ertl opted for a modern solution for farm succession.
Traditionally, farms are often passed down within the family to a daughter or son. Over the decades, the number of employees on many farms has also been reduced. This podcast episode presents an alternative farm development concept. Two siblings , each with their young families, "share" their parents' farm. In the podcast, Dr. Andreas Steinwidder with Dr. Paul Ertl. After completing his studies at the University of Natural Resources and Life Sciences, Vienna (BOKU), Paul Ertl, together with his sister Karin, their respective partners, and their parents, worked on the farm transfer and the establishment of a civil-law partnership at the organic farm Ertl&Jester in Spital an der Drau . In addition to the necessary legal steps, new business pillars were established, and the way they lived together on the farm was discussed and defined. There were particular challenges, and creative solutions were needed – there is much to be learned from this! Good communication, division of tasks, allowing strengths to be utilized, clear legal and financial structures, trust, family space and retreats, and similar values are key factors that lead to success. Listen in and learn lots of interesting things!
If you are interested in these topics or would like to learn more, we cordially invite you to listen to our podcast.
Ertl and Jester family:
