Planning for the future means not only sorting out a Will (for the situation after you die) and Lasting Powers of Attorney (in case you lose your mind) , but also, especially for farmers trading on their own or in a partnership where the other partner has no real involvement in the farm, drawing up a disaster recovery plan which will provide vital information to allow the farm to continue to operate and the livestock to be looked after if anything should happen to the farmer.
This needs to cover topics such as who are the key people to be involved on the practical side once the disaster has taken place, with information on their role and how to contact them if they are not on the farm at the time, and also the support network, in terms of contractors, the maintenance of machinery, the milk distributor, the vet etc.
Going on from there, it should also consider what is to happen to the farm in the light of the farmer being unable, through some terrible accident or death or the like, to continue being involved. What is to happen to the livestock? What about the staff? Is the farm to be maintained or sold and what about the implements and machinery?
Ideally this plan should cover various incidents separately, such as a serious injury, a fire and a sudden death.
Here at UTK we have experience of drawing up disaster recovery plans and we can help not only with setting them up in conjunction with you but also putting in place arrangements to ensure that they are reviewed from time to time.
Please contact Adam Bruce or Myria Griffiths on (01267) 237441 for further information.