John Daly: Good communication key to future of family farm business

All parties need to be fully involved in any farm succession plan, as Donal Whelton of AIB explains 

Succession planning is a must for farming families in Ireland, over half of farm holders are 55 or older.

Farm succession is a unique type of inheritance that has underpinned life in Ireland for centuries and requires careful planning.

While there is often the belief that a son or daughter will take over the farm business, it is important that the discussions around succession or inheritance take place to confirm this.