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?

Financial advice from an NFU Mutual Financial Adviser can help provide answers to these questions, and help you develop a plan to enable you to handover your farm in the way that you would like to.

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 the latest episode of the Ahead of the Field podcast host Will Evans is joined by Matthew Bennett and Martin Ansell from NFU Mutual to talk about things farmers should consider and be aware of in terms of investments and pensions. Listen to this episode of the Ahead of the Field podcast, 'Financial considerations for farmers'.