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Farm Business
Agricultural Matters
farming partnership agreement
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<blockquote data-quote="Gadget" data-source="post: 5169710" data-attributes="member: 277"><p>I think that the land is the most important to sort out. With multiple tenancys succession isn't guaranteed, it depends on the size of the holdings. In this case 7810s has a joint tenancy with his father, if that tenancy produces enough money to pay two fulltime men then he can't have succession on the other two.</p><p>It may be the case that it can't produce enough money so then one of the other tenancys can be added and if still not viable the third one.</p><p>When I went through this we had over 10 tenancys, ranging from 5ac to 80ac. My Agent admitted that he was out of his depth and directed us towards a specialist. At that time, as the tenant, I could name the order that the tenancys went before the Tribunal and, on advice, started with the smallest working up in size. That way, before the last one was heard, I did not have enough land and consequently am still farming it all.</p><p>The TFA would be a good place to start.</p></blockquote><p></p>
[QUOTE="Gadget, post: 5169710, member: 277"] I think that the land is the most important to sort out. With multiple tenancys succession isn't guaranteed, it depends on the size of the holdings. In this case 7810s has a joint tenancy with his father, if that tenancy produces enough money to pay two fulltime men then he can't have succession on the other two. It may be the case that it can't produce enough money so then one of the other tenancys can be added and if still not viable the third one. When I went through this we had over 10 tenancys, ranging from 5ac to 80ac. My Agent admitted that he was out of his depth and directed us towards a specialist. At that time, as the tenant, I could name the order that the tenancys went before the Tribunal and, on advice, started with the smallest working up in size. That way, before the last one was heard, I did not have enough land and consequently am still farming it all. The TFA would be a good place to start. [/QUOTE]
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