The Tillage Edge is Teagasc's weekly tillage podcast, presented by Michael Hennessy, bringing you weekly episodes covering the agronomy needs of crops throughou...
Farm Partnerships: Planning for Farm Succession (Part 4)
For the final part of our four-part series on farm succession, we chat to Ruth Fennell, a Collaborative Farm Specialist with Teagasc.  Ruth discusses Farm Partnerships and how these can be used to bring in the next generation to the farm structure, develop their skills, gradually devolve responsibility and also facilitate the transfer of the farm.   Ruth also talks about the tax advantages and pitfalls by going this route.  For more episodes and information from the Tillage Edge podcast go to:https://www.teagasc.ie/crops/crops/the-tillage-edge-podcast/ Produced on behalf of Teagasc by LastCastMedia.comÂ
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24:03
The Key Steps to Successful Implementation: Planning for Farm Succession (Part 3)
For the third episode in our four-part series on farm succession planning, James McDonnell, a financial specialist with Teagasc, takes a closer look at the key steps to successful implementation and revisiting a succession plan.   James also touches upon how to bring professional services together to develop a robust succession plan. For more episodes and information from the Tillage Edge podcast go to:https://www.teagasc.ie/crops/crops/the-tillage-edge-podcast/ Produced on behalf of Teagasc by LastCastMedia.comÂ
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18:25
Tax Implications of Farm Transfers: Planning for Farm Succession (Part 2)
For the second of the four-part series on farm succession ,we re-join James McDonnell, a financial specialist with Teagasc, to take a closer look at the various tax implications when planning for the farm transfer.  James talks about the tax exposure where the succession is not well planned and how to all but eliminate this cost. For more episodes and information from the Tillage Edge podcast go to:https://www.teagasc.ie/crops/crops/the-tillage-edge-podcast/ Produced on behalf of Teagasc by LastCastMedia.comÂ
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23:48
The Next Generation: Planning for Farm Succession (Part 1)
In this first episode of a four-part series on The Tillage Edge, we explore how families can best plan for succession on the farm.  James McDonnell, a financial specialist with Teagasc, discusses the key aspects of family farm succession and for part one, we focus on how to begin the succession journey, starting with family communication and the types of support available to help get the process underway. For more episodes and information from the Tillage Edge podcast go to:https://www.teagasc.ie/crops/crops/the-tillage-edge-podcast/ Produced on behalf of Teagasc by LastCastMedia.comÂ
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20:50
Calculating tillage incomes for 2024
Teagasc Economist, Dr. Fiona Thorne, discusses the key findings from the recent Teagasc Outlook 2025 conference on this week’s Tillage Edge.  Tillage farm incomes are expected to rebound after the tough year of 2023, with estimates showing a 40% increase in 2024 and further gains in 2025.  However, Fiona highlights the importance of context, emphasising that incomes are still below the five-year average.  She explains how these estimates are calculated, the role of cost savings, and assumptions for 2025.  Farmers are encouraged to assess their own costs using tools like Teagasc’s Profit Monitor or by consulting their local advisor.   To view the Teagasc Outlook 2025 report go to:https://www.teagasc.ie/rural-economy/rural-economy/outlook/ For more episodes and information from the Tillage Edge podcast go to:https://www.teagasc.ie/crops/crops/the-tillage-edge-podcast/ Produced on behalf of Teagasc by LastCastMedia.comÂ
The Tillage Edge is Teagasc's weekly tillage podcast, presented by Michael Hennessy, bringing you weekly episodes covering the agronomy needs of crops throughout the season with input from Teagasc researchers and views from across the industry.
The Tillage Edge is a co-production with LastCastMedia.com
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