Succession planning as a farmer can be challenging for all involved in the family business. Only 13% of family run businesses have a succession plan in place and that is reflected in the statistics, with only 30% of family run businesses surviving into the second generation.
Having an effective succession plan is vital and it should be an intrinsic part of the overall planning for the long-term future of the business and not treated as a separate issue, as it is a process and not an event.
Although there is no one-size-fits all solution, during this workshop we will help start you on this process to help you develop a transition plan from one generation to the next.
In this FREE session we will focus on two key areas:
- Understanding the dynamics of a family business
- Planning for a generational change in a farming business
Much of the information we will cover is relevant for any family planning how they approach moving assets from one generation to the next and is a good starting point for discussions and planning.
Workshop details:
This is an online session, delivered via Zoom.
Eligibility:
This workshop is available to any farmer or land manager in Devon, Somerset, Dorset, Cornwall, or the Isles of Scilly currently in receipt of BPS payments.
To be eligible to participate in the Future Farming Resilience project and receive subsequent 1:1 support or attend further workshops, you will be required to complete a Monitoring Information form. Forms will be provided by your advisor, at a workshop, or emailed to you after an online workshop. Please ensure forms are completed swiftly. Please be aware that BIP may limit further access to specialist workshops or 1:1 advice, if the form is not completed.
If you have any questions please call us on 01837 659 059 or email team@businessinfopoint.co.uk. Please check our privacy policy and Devon County Council's privacy policy to see how we store and manage your submitted data.
