The Succession Alliance: Empowering Farming Families to Secure Their Legacy
New Initiative Launched to Support Farm Succession Planning Across the UK
The Succession Alliance, a pioneering not-for-profit organization, has officially launched to tackle the growing challenges of farm succession planning across the UK. Dedicated to helping farming families navigate the complex and often emotional process of succession, the Trust aims to empower families with the tools, resources, and guidance needed to secure their legacy and ensure business sustainability.
Championing Early Succession Planning
Recognising the critical importance of early planning, the Succession Alliance focuses on raising awareness of how timely discussions can reduce tax implications, maintain family harmony, and ensure continuity in farming operations.
“Succession planning is more than just a financial or legal exercise—it’s about preserving the future of farming businesses while safeguarding the well-being of the families behind them,” said Michael Mack for the Succession Alliance . “Our mission is to inspire a collaborative approach that prioritizes sustainability, growth, and family harmony.”
Key Goals of the Succession Alliance:
- Raise Awareness: Educating families about the importance of starting the succession process early to avoid risks and maximize opportunities.
- Provide Education: Offering workshops, public talks, and resources to equip families with the knowledge to make informed decisions.
- Facilitate Access to Experts: Connecting families with trusted professionals, including accountants, legal advisors, and succession coaches, to guide them through every step of the process.
A Collaborative Approach
The Succession Alliance emphasizes collaboration, not competition, by building a network of trusted advisors and promoting open discussions within the farming community. Its mission extends beyond one-on-one consultations, advocating instead for collective solutions and greater awareness of succession planning as a vital issue.
Why Now?
With recent changes to inheritance tax rules and increasing pressures on the agricultural sector, succession planning has never been more urgent. By engaging in structured conversations and planning ahead, farming families can protect their legacy, maintain family harmony, and support the long-term viability of their businesses.
Get Involved
The Succession Trust will host workshops, deliver public speaking engagements, and provide comprehensive resources for farming families and their advisors.
About the Succession Alliance
The Succession Alliance is a not-for-profit organization dedicated to advancing education, fostering understanding, and providing support for farm succession planning across the UK. Its mission is to help farming families transition their businesses in a way that ensures sustainability, growth, and family well-being for future generations.