The day-to-day management of a farming business can mean that it is hard to step back and consider what would happen if you or another member of your family wanted to retire or could no longer continue working in the business. However, it is critical that you do this at an early stage to avoid stressful situations in the future. The key to remember is that the future starts tomorrow.
It is important to begin this conversation with a solicitor who can flag key risks for your business model that need to be managed. They can review your current business and explain what key steps you should be taking to manage the future transition.