Succession

Start the Conversation

The biggest long-term threat to any family farm is the lack of a robust succession plan.

It's about the long-term plan for your farming business – the facts, goals and the means to achieve the best outcome for all concerned.

Put simply, it is more than merely making a will!

Your succession plan will be unique to your business – there is no ‘one size fits all’ option. Every family is different, every business is different.  What will never change is the need for every farming family to consider the future of the business and to plan ahead for different eventualities – the sooner the better!

Why you need it?

The key risks of not having such a plan include for example:                                 

  • falling out of family members
  • adverse financial consequences /the impact of inheritance tax / capital gains tax
  • stress and anxiety, often combined with worry and grief
  • loss of home/livelihood for family members
  • impact on the family farm if it is sold, carved up or divided

 

 

Support Available:

Matching Service

Designed to match farmers and landowners who are looking to step back from the industry with new entrants looking for a way into farming.

Family Succession Meetings

A family meeting under the guidance of an independent, impartial and confidential facilitator 

Toolkit

Use our handy toolkit to discuss and record the issues pertinent to your business and help you start the conversation.
 

One-to-One Succession Surgeries

Fully funded one-to-one meeting with a specialist solicitor.

Business advice

Eligible farmers can access business advice, funded by up to 80% for individual applications.