Family Business Succession in Farming

Succession planning as a farmer can be challenging for all involved in the family business. Only 13% of family run businesses have a succession plan in place and that is reflected in the statistics, with only 30% of family run businesses surviving into the second generation.

Having an effective succession plan is vital and it should be an intrinsic part of the overall planning for the long-term future of the business and not treated as a separate issue, as it is a process and not an event.

Although there is no one-size-fits all solution, during this workshop we will help start you on this process to help you develop a transition plan from one generation to the next.

In this FREE session we will focus on two key areas:

  • Understanding the dynamics of a family business
  • Planning for a generational change in a farming business

Much of the information we will cover is relevant for any family planning how they approach moving assets from one generation to the next and is a good starting point for discussions and planning.

 

About Thrive X

The Thrive X service  has been fully-funded by the European Development Fund to allow us to offer you 12 hours of free business support through a range of one-to-one advice and workshops with expert advisors and speakers.

 

Important Information

Eligibility:

To be eligible to attend this free workshop you need to be based in Devon or Somerset (excluding Torridge, North Devon, North Somerset & BaNES). If you are unsure, you can check by entering your postcode into the Government Council Checker.

Your Data:
Please check our privacy policy to see how we store and manage your submitted data.


The Heart of the South West Growth Hub Service for All is receiving up to £781,965 of funding from the England European Regional Development Fund (ERDF). The accountable body for this programme is Devon County Council.

Date

Jul 11 2022

Time

6:30 pm - 9:30 pm

Location

Online