The benefits of developing a succession plan for your business will be discussed at the next Lochaber Monitor Farm meeting on Monday 18 March.
The free evening meeting, which will be held at the Nevis Centre in Fort William between 7pm and 9.30pm, will try and encourage farming families to begin discussing this sometimes-sensitive topic and prepare their businesses for the future.
At the meeting, Heather Wildman from Saviour Associates will emphasise the importance of having a vision for the future of businesses and will highlight the positives of developing a succession plan. She will also share some practical tips and advice to those yet to develop a succession plan for their own business.
Mrs Wildman, who has published a guide to succession aimed at farmers, acknowledges that every farm business and situation is different, and it’s important that each business develops a succession plan which works for them.
At the event on 18 March, Mrs Wildman will address some of the reasons why those involved in farming often avoid planning for succession and suggest some questions that farmers and their families should ask themselves at the start of the planning process.
Strone farm, Lochaber’s monitor farm in Banavie near Fort William, is run by father and son team Malcolm and Chris Cameron. The family developed a succession plan some time ago and although Chris has been an active partner in the family business for some years, Malcolm is now supporting Chris as he gains confidence in running the business. This is ideal preparation for when Malcolm decides to retire.
The meeting on 18 March will be held at the Nevis Centre, in Fort William and will begin 7pm and finish at 9.30pm.
For further information and to book your place contact facilitators Niall Campbell and George Gauley on 01631 563093 or email firstname.lastname@example.org