The different ways into farming
We hear from young farmers in the South West starting out on their farming career either through returning home to the family farm or by securing a council tenancy.
For further advice on how to start the conversation on succession, speak to your accountant, farm consultant or contact a specialist facilitator.
Young farmer’s aspirations change direction of family farm
A trip to New Zealand persuaded Niall Tewson a dairy unit on the family’s beef and sheep farm might be the way to put his stamp on the family farm.Read more here
Talking is key to succession planning
When the succession process hits some hurdles, mediation can be the answer. Mediation specialist Jo Speed, from Kite Consulting, describes how she helps families through those tricky situations.Read more here
Addressing feelings as well as practicalities
Family business adviser Russ Haworth may seem to be stating the obvious by saying everyone going through succession is emotionally involved, but he outlines why not facing these emotional barriers can derail the process.Read more here
Tips for tackling farm succession
Heather Wildman has spent 26 years working with UK farmers. Now based in Scotland, she specialises in managing change in rural businesses, and facilitates The Prince’s Farm Resilience Programme workshop on ‘succession’. Here she discusses when and how to start the conversation.Read more here
A financially strategic plan for farming succession
Taking control of succession planning enables you to better manage family relationships, reduce tax bills, and make positive changes for the future. So how do you go about starting such discussions?
Catherine Vickery, Tax Consultant at Old Mill provides some advice.
Starting a farming business close to the family farm
Cornish Mutual Member, Heydon Dark, took the opportunity to start his own dairy herd when a 100-acre farm came up for sale within 3-4 miles of his family farm in Cornwall.
His father runs an all-year-round calving herd of 200 high-yielding Holstein on a robotic system with Heydon’s uncle. The business is well staffed, involving one of Heydon’s brothers, so Heydon recognised it was unable to support another family member and found his own place.