Farm Handover

We’re here to help you with the complexities of planning for your farming future

With over 100 years serving the rural community, we know that farming is so much more than just a job.

So, it can be hard to plan for a time when you might step back and hand over the reins.

Our Farm Handover Guide [PDF: 313KB], based on a study we commissioned from Exeter University, shows the extent to which farmers avoid those tricky conversations about the future of their farm.


*Source: Exeter University Inheritance and Succession Survey, published July 2020. 

Plan ahead

With over a quarter of farmers yet to discuss their retirement plans with anyone, it's important to plan ahead. 

By starting to plan now, you can help secure the financial future of both you and your business.

You’ll almost certainly still want to be involved in day to day farming, but as you think about handing over the farm’s management, you may need to consider:

  • What level of income or pension will you need going forward?
  • What financial provision will be made for the next generation, including those who aren’t involved in the business?
  • How will you deal with Inheritance Tax liabilities?

After you've spoken with the relevant professionals, such as an accountant or a solicitor, and have the right plan in place for your farm, NFU Mutual can help you with your own personal financial plan.

Talking to a financial expert who understands farming, like an NFU Mutual Financial Adviser, could help you make better financial choices about pensions and investments or Inheritance Tax and the reliefs available. 

Talk to a financial expert

You'll benefit from expert advice, so for more information about how we can help you plan your financial future find your local agency office or request a call back

In a recent episode of the Ahead of the Field podcast host Will Evans is joined by Northamptonshire farmer Milly Fyfe, Heather Wildman from Saviour Associates, specialists in facilitating succession planning, and NFU Mutual chartered financial planner Sean McCann. Together they discuss the challenge of succession planning and offer their thoughts and advice. You can listen to this episode of the Ahead of the Field podcast, 'Succession Planning in the Farming Community'.