Succession planning: future-proofing your business

Business Structures

This business guide explains the importance of early succession planning for farm businesses and provides an overview of some of the key topics which should be considered by farmers as part of successful succession planning.

Please note that this business guide is not intended to take the place of specialist legal and other professional advice. Advice relating to succession must be tailor-made to take into account the individual circumstances of both the farm business and the farming family. We strongly recommend, therefore, that members take independent advice on the matters discussed in this business guide.