Cavan farm walk to discuss cashflow and succession

David Williamson, pictured on his farm near Bailieborough, Co. Cavan.
David Williamson, pictured on his farm near Bailieborough, Co. Cavan.

A farm walk taking place in Co. Cavan this month will have a focus on farm finance matters.

Lakeland Dairies, in conjunction with Teagasc, will be hosting a summer farm event on Wednesday, July 23, at the farm of David Williamson near Bailieborough.

David farms alongside his three sons - Ian, Alan and Glen.

The Williamson family has invested in significant upgrades on their farm over the past few years which will be discussed on the day.

Guest speakers will include Patrick Gowing, a dairy specialist and head of dairy expansion at Teagasc, who will explain the essential principles for investing in farmyard facilities, applicable to farms of all sizes.

Additionally, Patrick Brady from the Land Mobility Service will lead on the crucial topic of farm succession management.

An ifac expert will also be on hand to discuss various farm business structure options, provide insights on managing cashflow and farm investments, and offer valuable tips on tax management.

Eamon Duignan, Lakeland Dairies member relations manager, said: “The day promises to provide invaluable insights to help dairy farmers tackle everyday on-farm challenges.

"More importantly, it will identify opportunities that will help their enterprises to adapt, grow and prosper."

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The Irish Heart Foundation will also be in attendance and will be providing free health checks to all attendees.

The Williamson’s Farm is located at Dunena, Bailieborough, Co. Cavan (Eircode: A82 Y338).

The event begins at 11:30a.m.

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