Teagasc publish new booklet on Generational Renewal

View the full list of the events taking place this week as part of Generational Renewal Week, including this evening’s collaborative farming webinar here

The booklet, ‘Securing the Future of Irish Farms – Approaches for Generational Renewal’ gives valuable information on a range of topics related to farm succession and inheritance and is available online here

Information in this new publication includes:

• Pathways to Farm Succession
• Starting the Conversation around Generational Renewal
• Farm succession and inheritance planning
• Preparing to Step Back: Essential Steps for Farmers
• Navigating the Taxes and Reliefs associated with Farm Transfer
• Exploring different collaborative farming models
• Successful collaborative farming arrangements –
  • The key considerations for farm owners and share farmers
• The Succession Story of the O’Connor’s Family Farm
• A new chapter for the farm: Tony McCormack’s Story
• The physical and technical performance of a registered farm partnership – Tony McCormack and Chris Cahill’s story

 

Fintan Phelan, Head of Farm Management and Rural Development in Teagasc 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.”

Ruth Fennell, Collaborative Farming Specialist in Teagasc 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.”