Farms need to be prepared for succession instead of preparing a successor on farm

A farm needs to be prepared for succession instead of preparing a successor on the farm, according to a book recently published by Rabobank International

Future of Farming suggests that formalising the succession, ensuring transparent communication, rethinking the governance structure and hiring a specialist to facilitate the process at an early stage are crucial steps.

However, according to Rabobank, and the farmers who contributed to the publication, even more needs to be done to enable the next generation of farmers.