Article preview: Fewer than one in five farmers plan to ever fully retire. New research from insurance society NFU Mutual and the University of Exeter has found that many farmers fail to discuss their later life plans with their loved ones. The university researchers spoke to nearly 700 farms across the country, learning about the unique approach farmers take when it comes to their retirement planning. Due to the emotional attachment to farms, handing on the business can be a challenging time for farmers who have spent their entire lives working hard on the land or with livestock.
Why many farmers are reluctant to retire
This 561-word blog post looks at new research from insurer NFU Mutual and the University of Exeter, exploring the retirement plans and attitudes of farmers. Written on 9th October 2020.
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