Two in five farmers have no formal successor as ageing demographics fuel looming succession crisis

The newest Ifac Farm Report has revealed that two in five farmers have no formal successor despite the ageing population, succession planning proving to be a ongoing challenge

Two in five farmers have no formal successor for their business.

Two in five farmers do not have a formal successor for a farm, according to the latest Irish Farm Report.

According to the Irish Farm Accounts Co-operative Society Limited (ifac) latest Irish Farm Report, two in five farmers have no formal successor, with one in five farmers reporting to have no successor at all, and an additional one in five farmers have no formalised decision.