Succession Planning for Family Farms

Farm Structure specialist Gordon Peppard joins Emma-Louise Coffey to discuss opportunities in dairy farming for family farms. Gordon identified the key players that are important for any partnership, including an agricultural consultant, accountant and solicitor. Importantly, Gordon explains that it is vital that farm families start the conversation on the succession plan with all family members so there is clear understanding on the transfer of the farm to the next generation.  Gordon acknowledges that this conversation might not be easy to initiate but adequate discussion and planning will alleviate stress and conflict in the long-term. For more episodes and information from the Dairy Edge podcast go to: https://www.teagasc.ie/animals/dairy/the-dairy-edge-podcast/