Welcome for farm succession scheme
THE new farm succession partnership means that young farmers can start their farming career by getting involved in a family partnership, at an age where they have the energy, dedication and drive to develop the home farm and put the building blocks in place for a successful career in farming.
Speaking at the launch of the scheme by Minister for Agriculture, Food and the Marine Michael Creed, Macra na Feirme National President Seán Finan said it was another very positive development in the areas of generational renewal and land mobility in this country. ‘ This succession partnership will result in planned farm succession rather than succession on inheritance which happens in most cases on Irish farms,’ he said. Farm families who avail of the partnership will receive a €25,000 tax credit over five years with the transfer of the farm having to be completed within 10 years of putting the succession plan in place. Land mobility and generational renewal in agriculture are two key and very important areas which Macra na Feirme continues to work on. The Land Mobility Service goes from strength to strength with support from FBD Trust and Aurivo, Dairygold and Glanbia Coops as well as the Department of Agriculture. Mr Finan said: ‘Our Land Mobility Service, now at the end of the initial three year pilot phase is providing exciting opportunities for young farmers and older operators who want to reduce their farming activity but still retain ownership of their land and work closely in a collaborative arrangement with young farmers who want to establish themselves in the industry. The land mobility service now has over 500 active clients looking for opportunities.