Mike Denver

Goodbye My Old Friend

IFAC Survey Finds Only 1 In 4 Farmers Have Decided Who Will Succeed Them

Succession planning is an issue that's often neglected by farmers.

Fewer than a quarter of farmers have decided who should take over their farms.

A survey of 1,700 farmers by agribusiness firm, IFAC, found farmers of all ages are continuing to put off succession planning.

James Farrell from IFAC in Tullamore and Mullingar says it's vital to plan for the future, even if one in three say their farm business isn't viable enough to bother:

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