Transferring the Family Farm Clinics

Traditionally in Ireland, land continuously passes from one generation to the next. This transfer of ownership does not always go smoothly. While there is no magic formula to guarantee the successful transfer of a farm from one generation to the next, major difficulties can be avoided if plenty of time is invested in the transfer […]

The farming family can be a complex structure. In some cases, there could be up to four generations living on the farm. Some of these may be working together in an informal way and generally with the ownership with one generation. Traditionally in Ireland, the farm may be given to one child with other children/siblings […]

The First Step in a Succession Plan Making your Will is a quite a significant legal task to undertake. This legal document sets out how you wish your assets to be shared out on your death. It is a document that is often thought of too lightly, the comment ‘anybody can write a will’ comes […]

Getting good taxation advice is key ingredient in creating a successful succession plan. It is important to complete a taxation calculation prior to any handover taking place. If there is a potentially large tax bill, then it might be possible to mitigate against this, by adjusting the plan or timelines of the transfer. With good […]

In the context of succession, collaborative farming arrangements provide options to farmers of all enterprises, in two ways. Firstly, as the interim step before full transfer of the farm to a son or daughter and secondly, it gives the option of collaboration with another farmer through partnership, share farming, contract rearing, land leasing or cow […]

Most farm families look on the idea of involving the younger generation in the running of the farm business as a positive one; it brings in a fresh pair of hands to take on some of the work and responsibility and it helps ensure that the farm business has a greater chance of continuing as […]

Education is a key consideration when planning the transfer of the family farm. The choice of educational programme is a very important decision. Succession planning should include adequate time to investigate the range of agricultural training programmes. Currently, there are several different types of courses covering a range of subjects in the land-based sector from […]