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Podcast: Experts in the Field from Foot Anstey
Episode: Ep. 7 Experts in the Field: Planning for the next generation – a land agent’s perspective
Description: In the final episode of season one we consider the importance of succession planning with our experts sharing their experiences of working with farming families and what you can do to ensure you have a successful succession plan in place.
Farming businesses are unique in that the family usually live as well as work on the largest asset, which is illiquid and cannot always easily be split. Traditional succession practices, such as handing the farm down through generations can create expectation and conflict with modern expectations of inheriting equally between siblings. From a succession point of view...