Own a farm and worried about succession? Special meetings on 'long and emotive process'

Announcing IFA’s upcoming Regional Farm Succession & Inheritance Meetings, IFA National Farm Family & Social Affairs Chair Alice Doyle said it is very important to start thinking about a succession plan for your family farm as early as possible. 

“Setting out a succession plan can be a long and emotive process, and it is important to start planning as early as possible. By proactively planning for succession and inheritance you can avoid potential stress relating to and the uncertainty around the future of the farm,” Alice Doyle said.

IFA have organised Regional Farm Succession and Inheritance meetings that will take place on:

Tuesday, 18th April – Woodford Dolmen Hotel, Co Carlow (R93 N207) @ 8pm

Thursday, 20th April – Firgrove Hotel, Co Cork (P67 Y206) @ 8pm

Wednesday, 3rd May – Ardboyne Hotel, Co Meath (C15 C9YA) @ 8pm

Thursday, 4th May – Abbey Hotel, Co Roscommon (F42 F992) @ 8pm

Guest speakers on the night will include: 

Clare O’Keefe - Succession Ireland

Gordan Peppard - Teagasc 

Martin Clarke - IFAC 

Aisling Meehan - Agri Solicitor

IFA National Farm Business Chair Rose Mary McDonagh said the purpose of these events is to help farm families familiarise themselves with some of the complex issues that can arise while developing a farm succession plan.

“It is essential for every farmer to have a farm succession plan in place. There are complex legal and taxation rules that, if planned for, can be managed easily. If not planned for, however, there could be a major impact on the viability of the farm business,” Rose Mary McDonagh said.

Alice Doyle and Rosemary McDonagh advised that these events will:

Help deal with the emotions involved in succession and inheritance

Provide you with the options available to help transfer management and ownership of your farm

Identify the main issues and facts on succession and inheritance

Highlight some of the main areas that you need to get professional advice and guidance on 

Provide you with the best methodical approach to succession and inheritance