Farmers Weekly Business Clinic: Family farming partnerships
Disputes between farming families are not only common – they can often have far-reaching implications for the business’ long-term history. But can they be avoided?
This month’s Business Clinic looks into a case involving two members of the same family who have an equal share in a farm. One of the partners has let his wife - who has nothing to do with the partnership - set up her own farming business on another part of the holding. He has also transferred cattle into her name and started claiming Basic Payment just for himself.
Thrings associate Robert James lays out the options available to the partners, explaining to Farmers Weekly how the original formal partnership deed – or even the wording in the 1890 Partnership Act – could lead to the avoidance of conflict and keep the farm heading in the right direction.