Top tips for succession talks
A significant challenge which many farming families face in planning for the future of the business is how to hold a successful conversation about the next generation taking over.
The difficulties could be partly due to the fact that family relationships can be complicated, with emotional tensions or rivalries at play under the surface. It's natural to want to avoid potential conflict but burying your head in the sand won't make tricky decisions go away.
This short video gives simple tips on how to hold a successful conversation about the future of your family business in a fair and productive way which allows everyone to have a say.
NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.
Download your free Keeping the Farm in the Family guide
We’ve created an expert succession planning guide – designed for farming families to offer practical advice and useful solutions to help protect your farm for generations to come. The guide contains essential tips and expert advice, plus we’ve included real life experiences from our farming customers so you can discover how they’ve tackled the complex issue of succession planning.