Farm Succession Planning

Why succession planting matters more than ever in UK farming

April 2025

As any farmer knows, running a farm isn’t just a job — it’s a way of life. But with that comes a big question that too often gets left until it’s too late: what happens to the farm when you’re ready to step back?

Succession planning in farming is one of the most important things you can do to secure your legacy, protect your family’s future, and keep the land you’ve worked so hard to build thriving for generations to come.

The Age Factor

The average age of a UK farmer is now around 59 years old, and many farms are still being run by people well into their 60s and 70s. Yet surprisingly, a large number of farmers still don’t have a clear plan for who takes over next.

Without a succession plan, things can get complicated fast — especially when family is involved.

Avoiding Family Fallout

Farms are often passed through generations, but if there’s no clear agreement or plan, disputes can arise. Questions like who gets what, who makes decisions, and what’s fair can quickly turn emotional.

Planning ahead allows those conversations to happen early — with clarity, structure, and less pressure.

Protecting the Farm

Farms are typically asset-rich, involving land, buildings, machinery, and increasingly diversified income streams like glamping, renewable energy, or dog fields.

If succession isn’t planned properly, you could end up facing big inheritance tax bills, or having to sell off parts of the farm to settle things.

A solid plan protects your assets and ensures everything is passed on in a way that works for both the business and the family.

Letting the Next Generation In

Younger family members often bring fresh ideas — whether that’s technology, environmental practices, or diversifying income. But they need time and support to step in confidently.

Succession planning isn’t just about who owns the land — it’s about preparing the next generation to lead, with the right guidance and responsibility.

Adapting to Change

Farming is facing a period of major change — from the phasing out of the Basic Payment Scheme to new environmental schemes and shifting trade policies.

Having a clear, agreed-upon succession plan gives your farm the best chance to adapt and thrive in the long term.

So, What Does Succession Planning Actually Involve?

  • Starting conversations early — ideally long before retirement is on the horizon.
  • Reviewing wills, legal structures, and ownership models.
  • Clarifying roles and expectations between generations.
  • Working with professionals (accountants, rural solicitors, mediators).
  • Balancing family interests with business needs.

It can feel daunting so having good professional advice is more important than ever.  It is also important to work with together with other farming families.  By working together you can share experiences and knowledge as well as having a shoulder to cry on when you need it!