Business & Succession

Business and succession brings together the legal, financial and tax sides of planning a dairy farm's future — how the business is structured, how ownership is shared or passed on, how an estate is arranged, and how retirement is funded. 

These decisions are complex and personal, with significant tax and legal consequences, so each page points to professional advice. They sit alongside the people and career side of Planning for the future. 

Business Structures

The legal form the business takes, and what it means for liability, tax and succession.

Estate Planning

Wills, powers of attorney and guardianship, and what they mean for the farm.

Retirement Income Strategies

Moving out of ownership while securing an income.

Shared Equity Arrangement

Joint ownership of dairy assets for succession, investment or scale.

Watch out

The pages in this section are general information, not legal, tax or financial advice. Decisions about structures, succession, estates and retirement should be made with a qualified accountant, solicitor and financial adviser — see Getting Help with Planning.

Common questions

What does Business and succession cover?

The structural side of planning a farm's future: business structures, estate planning, retirement income, and shared equity (joint ownership) arrangements. 

How is this different from Planning for the future?

Planning for the future covers the people and career side — the phases and individual plans. Business and succession covers the legal, financial and tax structures that sit underneath those decisions.