The farming community needs to do a lot more to address the challenges around succession to ensure that farms are successfully passed on to the next generation.
There are indications that there is a reluctance to discuss the matter due to the need to face a time when 'one is no longer around' but that is not going to make the succession go away. Not wanting to cause disputes is also cited as a reason for not addressing the matter but if there are issues, they will only be magnified at a time of grief.
The farming community needs to be more open in discussing the issue of succession and plan as early as possible to try and prevent conflicts within the family at a later date.
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Farmers worried about succession but still have no plans in place 64 per cent of farmers are concerned about succession planning. Two-thirds of farmers have no succession plans in place despite 64 per cent being concerned or greatly concerned about it, according to a survey by MHA chartered solicitors. Speaking at a Napthens Farm Future event in Tarleton, Lancashire, Roger Anderton, chartered solicitor at R.J. Anderton, said only 27 per cent of farmers had no concerns over succession. "Most farmers I deal with do not have a succession plan and the farm has to be sold when they die."