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Why you need a farm succession plan

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Manage episode 508144880 series 2887465
Content provided by Teagasc. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Teagasc or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Teagasc Farm Management specialist, James McDonnell, and Succession Ireland mediator, Clare O’Keeffe, join Catherine Egan and Ciaran Lynch on this week’s joint episode of the Beef Edge podcast and Ovicast to discuss all aspects of generation renewal, succession and mediation.

James highlights the importance of Generation renewal while Clare outlines the importance of a mediator to aid the process. It is essential for every farmer to have a farm succession plan in place. There are complex legal and taxation rules that, if planned for, can be managed easily. If not planned for, however, there could be a major impact on the viability of the farm business.

Teagasc run Transferring the Family Farm clinics every year. These clinics are designed to help farm families through the process and all aspects that need to be considered when transferring the family farm.

In 2025, clinics will take place at six venues throughout the country. Further details at:

https://teagasc.ie/rural-economy/farm-management/succession-inheritance/transferring-the-family-farm/

If you missed the Generation Renewal Webinar , you can watch it back here

https://www.youtube.com/watch?v=xcKGV0E2InM

For more episodes from the Beef Edge podcast, visit the show page at:
https://www.teagasc.ie/thebeefedge

Produced on behalf of Teagasc by LastCastMedia.com

  continue reading

311 episodes

Artwork

Why you need a farm succession plan

The Beef Edge

11 subscribers

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Manage episode 508144880 series 2887465
Content provided by Teagasc. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Teagasc or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Teagasc Farm Management specialist, James McDonnell, and Succession Ireland mediator, Clare O’Keeffe, join Catherine Egan and Ciaran Lynch on this week’s joint episode of the Beef Edge podcast and Ovicast to discuss all aspects of generation renewal, succession and mediation.

James highlights the importance of Generation renewal while Clare outlines the importance of a mediator to aid the process. It is essential for every farmer to have a farm succession plan in place. There are complex legal and taxation rules that, if planned for, can be managed easily. If not planned for, however, there could be a major impact on the viability of the farm business.

Teagasc run Transferring the Family Farm clinics every year. These clinics are designed to help farm families through the process and all aspects that need to be considered when transferring the family farm.

In 2025, clinics will take place at six venues throughout the country. Further details at:

https://teagasc.ie/rural-economy/farm-management/succession-inheritance/transferring-the-family-farm/

If you missed the Generation Renewal Webinar , you can watch it back here

https://www.youtube.com/watch?v=xcKGV0E2InM

For more episodes from the Beef Edge podcast, visit the show page at:
https://www.teagasc.ie/thebeefedge

Produced on behalf of Teagasc by LastCastMedia.com

  continue reading

311 episodes

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