Succession planning is essential to protect your assets, your business, your family and more broadly the future viability of the farming industry.
Amongst its extensive list of services, the Farmers Union Of Wales offers guidance on Inheritance, Probate and Succession and NFU Cymru members can find business guidance on tenancy succession here
Farming Connect
Farming Connect offers a range of advice and support for businesses wanting to plan the succession of their business:-
- What is succession planning, and why it is needed? Click here for further information.
- Succession toolkit Click here.
- Support that Farming Connect provide in line with succession issues Click here for contacts.
- Tips for succession Click here or download here.
The biggest long-term threat to any family farm or forestry is the lack of a robust succession plan. Farming Connect has put together a booklet called ‘Succession Planning…Safeguarding the Future of Your Farm Business’. Click here.
Succession planning service
- NFU Mutual succession planning service Click here – If you would like to enquire more into succession planning you can directly enquire to NFU Mutual through this link.
- #FarmtheFuture – Barclays succession plans Click here.
Succession meetings in Wales
- Siân Bushell is a trained facilitator who helps family business develop succession plans – Siân Bushell Associates is based in Pembrokeshire Click here.
- Book onto a farm business succession meeting: Siân Bushell Associates based offers farming business succession meetings across the UK Click here.
Succession podcasts
- AHDB have a podcast episode aimed directly on succession planning:
