Succession

The Budget has put succession planning in the spotlight, but how do you start the conversation?

Plan for the future but do not rush into any big decisions – that was the resounding message from a panel of experts discussing the Autumn Budget at the Farm Business Innovation Show, held at the NEC (November 6/7)

Alan Carter farms in partnership with his parents, Paul and Christine, on a 162-hectare (400-acre), 400-cow dairy unit at Constantine, Cornwall, with 130 milking cows, supplying Saputo. Alan, also a Parish Councillor, and his wife Sarah, have two children, Ross and Dana

With succession the elephant in the room on many farms, Farmers Guardian's chief reporter Rachael Brown speaks to siblings Anna and Sam Hallos about how they are planning for the future

Sarah Baker, AHDB head of economics, said: "These changes may encourage farmers to think about succession earlier than they would otherwise. For example, there is a seven-year rule which applies in the case of land transfers. This means that any land gifted to an individual will be free of inheritance tax after seven years."

The CLA is asking farmers and rural businesses to sign a letter which will be forwarded to MPs

As former NFU dairy board chair Michael Oakes embarks on a new challenge in beef, FG's chief reporter Rachael Brown speaks to him about leaving dairy and the future of the sector

From a new white paper from Farmers Guardian which highlights key factors the Government must prioritise for the sector to the latest bluetongue updates as nearly 20 counties face restriction zones - these are five farming stories not to miss this week on FG

From Defra granting emergency permits for bluetongue vaccines to the topic of succession and planning for the future - these are five farming stories not to miss this week on FG

From September 1 2024, applicants for succession must prove they are both 'eligible and suitable' to be the tenant of the agricultural holding subject to succession