William Price of Cwrt Farm, Felindre, Swanse chats to RDP officer Sarah Loud re farming succession issues
Description
William: I think it will have to change in the sense of our income will have to come bigger and bigger to provide for them…I can't see how they can take over until I decide to take a step back like. We’ve got other revenues of income that we can live off for them to come, same as my parents did…probably like the biggest thing for them was to take a step back for us to take over to everything, it’s just that we are not quite big enough to support two families. We can support one but not two like. That's the biggest thing going forward. It's a shame, in that way we are lucky…there are plenty of farmers out there whose children have seen how hard farming is and don't want to know it, but they've all got an interest, and two are very keen on the farm so we haven't got that issue, it’s the other issue they’ll be fighting over who is taking over.
Interviewer Sarah Loud: Does it cause you stress the succession issue or…?
William: Not yet, because like we only just literally, you know, everything's only just being passed over from my mother passing now two years ago, so we’re probably in that position where we just want to do things for the next 10 years probably how we want to do it, and then look at how we'll do things moving forward to pass things on.
Helen: It is a bit of a worry though, isn’t it? Because you don't know what to do.
William: Yeah, and it is a worry in the sense of all farmers that you can't pass everything on equally, because then the farm won't continue. That is the biggest issue either I think, that you’ve got to be unfair to one for them to continue the farm and keep the farm going like, as my parents were with me. I was quite amazed at my father, because…my father had a liver transplant when he was 52, well, to have a transplant he had to make a will and that will, he never changed. Well at the time, I was only 22 and I have three older brothers, and he left everything to me…which for my age and compared to my brother's been older, he should been a bit wiser, and how we left it all to me at that age like…oh, and I only found that out when he passed, like I didn't know until then. But he obviously understood the fact that it had to be more to one than to the others, like, don't get me wrong he did tell my mother at that time, you leave yours evenly and I'll leave everything to William so that the farm continues.
More items with these tags
Contact Us
To request take down or report racist, offensive or otherwise harmful content.
You must be logged in to leave a comment