Farming News - Help in planning who succeeds
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Help in planning who succeeds
A new initiative to help farmers effectively plan who will take over their farms is being announced at the Royal Cornwall Show on 5 June. The University of Exeter’s Centre for Rural Policy in partnership with NFU Mutual, a leading rural insurer, and Cornwall’s Rural Business School have developed the first UK-wide academic study of succession farming.
The research project also involves a series of seminars that will take place around the UK to provide farmers with information on the options available to them to hand on their farms while treating all family members fairly. They will also help farmers find ways to broach the delicate topic without causing family disputes.
The need for more information and practical help on farm succession planning was highlighted by recent research commissioned which revealed that 54% of UK farmers have not made succession plans. This equates to more than 40,000 farms nationwide.
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