There comes a time in every farming dynasty when decisions have to be made whether to pass on the farm to the next generation or capitalise on the asset and secure the family's future by selling the property on the open market. Such was the dilemma facing Queensland graziers Tex and Vicky Barrett when they started planning for succession more than 10 years ago. They were in their early 50s and retirement was far from their minds, but they decided to start planning for the property's future sooner rather than later to ensure they could provide for a new "retirement" farming venture for themselves and not "burden" their family in their old age. The Barretts have owned and operated the family holding, Drumburle, a 6600-hectare grazing property at Thangool (near Biloela in Central Queensland) and the 833ha neighbouring Lawgi Station since 1980. They currently run 600 Droughtmaster breeding cows and sell the progeny to finishers.
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