Succession planning is generally recognised as a key aspect in the strategic development of a family owned business. However reports by Smiths Gore, ADAS Consulting and a whole host of other agriculture specialists are raising concerns that there is insufficient focus on succession planning in UK farming family businesses.
Whilst many farmers have planned for the future, there is a growing number who have not made adequate plans or even discussed it with their family. As part of her studies at Harper Adams, Louise Taylor has written an academic paper on the subject which is available for you to download and consider.
The team at Barbers Rural are experienced in all aspects of succession planning so don't hesitate to give them a call for an informal chat to see how they can help you plan the future.