Those of you following our blog will know that I have started on a Masters Programme in Rural Estate and Land Management at Harper Adams University College.
My first assignment was a critical literature review and the subject I chose was succession planning in owner occupied farming families in the UK - a fairly broad subject to say the least. There is considerable literature available, but much of the research is geographically localised and is not broad enough to give us a real picture of what is perceived to be a big problem for the future of the UK farming industry.
It would appear that much of the reluctance to plan for succession is driven the many subjective and emotive criteria involved with the decision making process (such as relationships, expectations, tradition etc). Naturally, due to the private nature of these emotive subjects, they are difficult to research but not, I believe, impossible.
If you have any thoughts on succession planning I would be delighted to hear from you (firstname.lastname@example.org).
If you feel that you need any advice on succession planning in your business, or would just like to talk through the subject, please don't hesitate to contact us.