As part of Generational Renewal Week 2025, Teagasc has released a comprehensive booklet titled ‘Securing the Future of Irish Farms – Approaches for Generational Renewal’.
Providing farmers and their families with practical advice on farm succession, inheritance planning and collaborative farming models, the booklet covers a wide range of topics, including pathways to farm succession, how to initiate conversations about generational renewal, tax considerations during farm transfers, and steps farmers can take to prepare for stepping back from active management. It also highlights real-life examples, such as the O’Connor family’s succession story and the collaborative farming partnership of Tony McCormack and Chris Cahill.
Commenting on the publication’s release, Collaborative Farming Specialist at Teagasc, Ruth Fennell said: “In this new publication, we have brought together some critical information that will help farm families.
“In addition, we have outlined collaborative farming models that are increasingly being taken up by Irish farmers seeking to benefit by matching the knowledge and experience of the older generation with the enthusiasm and education of the younger generation,” she explained.
As to the importance of the publication and the need for generational renewal, Head of Farm Management and Rural Development in Teagasc, Fintan Phelan said: “Generational Renewal has become an increasingly important area of work for Teagasc as the age profile of farmers increases over time.
“Through various elements of research work, we are increasingly looking at best practice regarding generational renewal as a process that needs to be supported throughout the farm business life cycle. It is not just a junction that happens at one specific moment in time, whether planned or unexpected.”
Access the ‘Securing the Future of Irish Farms – Approaches for Generational Renewal’ booklet here.
For a full list of the happenings and planned events from Generational Renewal Week, visit here.
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