One Day All This Will Be...Well, Whose Actually?  Alternatives to Conventional Succession Planning
Wednesday 18 Oct 2017: 4pm – 7pm followed by hot fork supper
The Barn at Berkeley, Berkeley Heath Farm House, Berkeley Heath, Berkeley GL13 9EW
Price: £30 inc VAT CLA members (additional family members FOC); non-members £40; Students & YFC members £5

Supported by: Clarke Willmott, Smith and Williamson and Carter Jonas

Discussions on the need for family succession planning have been well rehearsed in recent years - it is a move which is essential to the protection of your assets, your business, your family and, more broadly, the future viability of the farming industry – but what if there is no natural successor?

It has been reported in recent years, that many family farms and estates are faced with the prospect that none of the children are interested in physically farming or do not have the skills, knowledge or desire to farm in today’s agricultural sector.  In those circumstances, farming families should start to explore ways to ensure the farm business continues after the current generation officially retires, rather than simply selling off the asset.  This option would keep the farm in ownership as a going concern, either as a secure investment, or in case a future generation wishes to farm.

This event sets out to provide a guide on the options available to develop a future plan that will drive forward both the farm business and the family’s objectives in a positive and profitable way.
The session is aimed at those without any family succession planning who are looking for alternative ways for business continuity or for those that wish to return to the family business, but may not have the experience or desire to do so right now.

We have the cream of the crop of industry professionals at these events who will endeavour to offer a leap of confidence in tackling this core continuity challenge to any family farming business.

This seminar will examine:

• Recognising the family and business objectives
• The challenges of planning for the future
• Options for transition or continuation of the business
• Career progression and training for family members
• Legal and tax considerations
• Our speakers will also talk through case studies of rural businesses and families who have taken a different approach with no conventional family succession

Speakers will include:
• David Hebditch - Carter Jonas
• Louise Somerset - Smith and Williamson
• David Maddock - Clarke Willmott
• Ian Bell - Addington Fund
• Richard Soffe – Duchy Rural Business School
• Professor Matt Lobley – University of Exeter
• Alison Ricketts – Fresh Start Land Enterprise

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