Partnership on rise as 50% of farmers consider succession

“A carefully designed plan will protect the senior farmer’s income, provide for family members and position the successor well," says IFAC

Tommy and Adam Cooke, pictured on their farm in Barna, Co Kilkenny.  Picture: Dylan Vaughan

IFAC’s recent Irish Farm Report 2021 found that 50% of respondents have given ‘some thought’ to succession planning.

Of that, 29% have identified a successor while a further 21% have a possible successor in mind —  although decisions have still to be made.