Research reveals almost 9 in 10 UK farmers have a succession plan in place for their farm 92% of UK farmers expect the next generation of their family to take over the running of their farm27 September 2024 27 September 2024 4 minute read 4 minute read By: By: Zachary Mintus EuropeSuccession planning is crucial for UK farmers to ensure the continuity and sustainability of their agricultural businesses, according to new research* from wealth manager Investec Wealth & Investment (UK) with 100 freehold farmers across the UK. This is underlined by the findings that 92% of UK farmers interviewed say that once the current generation has stepped back from running the farm, they expect that the next family generation will take over and run the business. The nature of agricultural work often blurs the boundaries between home and farm, with family members frequently involved in various aspects of farm operations. “The process involves careful consideration of factors such as the financial stability of the farm, the skills and aspirations of family members and potential tax implications. The partnership enables Investec Wealth & Investment (UK) to further strengthen its commitment to supporting rural and farming communities across the UK, along with innovators who are finding new ways to help protect and preserve our landscapes for future generations.