As our farmer population ages, figuring out who will take over the farm at retirement is a growing concern.
Without farm succession plans, it can be a struggle for aging farmers to step into a well-earned, enjoyable retirement.
Census data shows the average age of cattle farmers in 2013 was 56, up from 53 in 2006. Sheep farmers on average were aged 53, up from 50 in 2006.
Meanwhile, dairy farmers had an average age of 41, compared to 40 in 2006.
Those statistics concerned Rabobank, so they took on a succession planner to help plan a pathway for the farm owner to release their capital on retirement.
They could then plan how they would spend their golden years.
According to Bayleys Real Estate, options often presented to retiring vendors include retaining some vendor finance within the farm business to help the incoming owner.
For young operators, lease to buy options are also appealing for those keen to get in the gate.
Watch the full interview with Mandi McLeod above.
Rural Exchange with Hamish McKay, Sarah Perriam and Richard Loe, 5-7am Saturday and Sunday on RadioLIVE