Succession Planning

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, shows the extent to which farmers avoid those tricky conversations about the future of their farm.


Plan ahead

Whatever your age, it’s never too early to think about the longer-term direction of your farm, and to consider what role you and your family members will play in the years to come. 

Starting a conversation about your future farm plans can be challenging. It’s not an easy topic to broach and will likely involve some tricky questions: what is the future of the farm, who will eventually follow in your footsteps and run the business, and how can you all make this work financially? 

You’re likely to juggle lots of considerations, from the current cash needs of the business, and tax implications of your plans, to providing financial security for your loved ones and funding your own retirement. You may also plan to sell or let your farmland or property. 

If you feel ill-prepared to tackle this topic, you’re not alone. In a 2023 survey of 1,703 farmers for NFU Mutual*, 16% told us they still don't have a formal succession plan in place. Whilst another 13% of farmers have one but they haven't reviewed it recently.

Once you’ve spoken with the relevant professionals such as an accountant or a solicitor and have the right plan for your farming business, NFU Mutual can help you put the right financial plan in place for your own future. An NFU Mutual expert who understands farming can review your financial ideas, and any potential Inheritance Tax traps, to help you put your financial plan into action, so you can get on with running the business.

Regardless of when, or if, you intend to hand your farm on to the next generation, making a personal financial plan is a sensible step to take. 

*NFU Mutual Voice of the Farmer research, June 2023

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.

When you contact us, we’ll explain the advice services we offer and the charges.

Please note that Inheritance Tax advice is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.

NFU Mutual Financial Advisers advise on NFU Mutual products and selected products from specialist providers.

Financial advice is provided by NFU Mutual Select Investments Limited.