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A farm retirement scheme should seek to encourage people in their mid-20s into farming, as this is the group most likely to plan on pushing farms onwards, the IFA said.
Minister for Agriculture Charlie McConalogue said the soon-to-be established commission on generational renewal will examine the possibility of a farm retirement scheme.
The idea floated by Minister McConalogue in Tullamore for a commission to examine generation renewal is a good one. But it needs teeth and it needs youth.
There have been many calls for an attractive farm retirement scheme that would see two generations collaborate without the older generation feeling redundant.
In this week’s Money Mentor, Martin Glennon, Head of Financial Planning at Ifac, discusses the value to be gotten from joining a company pension scheme.
The Government's decision to scrap plans for a dairy cow cull scheme has been met with strong farmer views, with 56% of respondents disagreeing with the decision.
A conference on succession in Limerick hears calls for the reintroduction of a farm retirement scheme, to boost farm transfers and generational change.