Succession planning for the family Dairy farm

This webinar explores what to consider when succession planning before retirement or handing over the running of your business to the next generation.
Based at Bridge Farm, Glastonbury, strategic dairy farmer, David Cotton, shares how he has already started to prepare for retirement to ensure a smooth handover, including the business decisions he has considered and the practicalities of planning for the future. David is joined by his daughter, Emma, who provides her perspective on the process.
Oliver Hall, Senior Business Consultant and Partner from the Andersons Centre led us though the process and highlighted key things to consider while further insights were given by Iain McVicar, from Albert Goodman Chartered Accountants.
This webinar will help you understand:
Succession of the management of the business
Assessing profit demands of all parties and creating a business plan
Dealing with debt
How to handle the farm and farm assets
Involving your accountant
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ABOUT AHDB
AHDB is a statutory levy board, funded by farmers, growers and others in the supply chain. Our purpose is to inspire our farmers, growers and industry to succeed in a rapidly changing world. We equip the industry with easy to use, practical know-how which they can apply straight away to make better decisions and improve their performance. Established in 2008 and classified as a Non-Departmental Public Body, it supports the following industries: meat and livestock (cattle, sheep and pigs) in England; horticulture, milk and potatoes in Great Britain; and cereals and oilseeds in the UK. AHDB’s remit covers 72 per cent of total UK agricultural output. Further information on AHDB can be found at www.ahdb.org.uk