Structuring your farming business

We can help you at each stage of your farming life. From starting out, through to buying stock and assets, managing growth, financing machinery and land, to legacy planning and retirement. We’re here, whenever you need us in your journey.

Moving up - setting up on your own

Successful farm ownership and transition starts with good planning. One of the most important stages in your business life is deciding where and when you’ll be able to expand your operation. Depending on your plans, this could involve leasing a farm, starting an equity partnership or share-farming.


Leasing can be a viable option if you don’t have enough equity to purchase a farm outright, or as a good step towards buying a farm. Leasing can also be an attractive strategy for farm owners, if they haven’t decided on their future plans and are currently undecided on selling outright.

Equity partnerships

As outright ownership of farms becomes increasingly difficult, the use of equity partnerships are a popular way to help managers and share-farmers, progress to full farm ownership. We have produced a guide that explains the process of equity partnership in more detail.


Share-farming is more popular in New Zealand than anywhere else in the world. When you’re starting out in the industry it helps you gain experience and build up capital. It’s a step up from being an employee and gives you the opportunity to develop your business skills until you’re ready to move on to ownership.

Deciding if leasing, an equity partnership or share-farming is right for you will take careful consideration and professional advice. At ASB, our Rural Managers have a wealth of experience in advising what your possible financial options could be, and what you may need to do to achieve your goals.

Growing your business

Like any business, knowing where you are going is critical. As your operation starts to grow, your focus may move from running the farm to managing the business and concentrating more on your strategic direction.


The key to good governance is having a clear understanding of where your business is, where you want to go and how you intend on getting there. Changing from being ‘hands on’, to becoming an effective manager and maintaining strong working relationships with the people that do the day-to-day work on the farm is often a challenge, particularly if you’ve been used to working on your own.

The good news is that there is a lot of support available from many organisations including Federated Farmers and NZ Institute of Directors who offer training courses and information on running business at all levels. Another great resource for information and advice to help you farm productivity and profitably is Beef+Lamb New Zealand.

Managing growth

Growth also may involve expansion – buying multiple farms, investing in plant or stock and employing staff, all of which will require sound financial advice and planning. This is where your partnership with the bank can really help.

Our guide to applying for farm finance takes you through what we can offer, and some tips on how best to apply for finance. Your ASB Rural Manager can provide you with a wide range of financial options designed specifically for stages in your business growth. From short-to-medium term working capital needs like a business overdraft to more substantial ongoing funds with a revolving credit facility or a committed cash facility.

When you’re looking for more long term financial options, like our flexible business term loan, your ASB Rural Manager will be happy to meet up to talk about the best loan structure and financial arrangements to support your current and future business requirements.

Succession planning

When you’re busy managing and running your farm, dealing with the day-to-day is often more than enough, let alone thinking about what’s next. A succession plan can be one of the most important things you do to secure your future and that of your farm, but it’s often forgotten.

The biggest obstacle is just starting the process to decide what you want. That means discussing your options with your family and working out the way forward – you’ll probably need some expert legal and accounting help to formalise plans.

There’s plenty to consider, which is why we’ve put together a separate guide to succession planning.

Need help?

Your ASB Rural Manager is always there to help in any way they can to start the process.

Planning for retirement

Regardless of your age and stage, it’s always wise to have a financial plan for your retirement. The ASB KiwiSaver Scheme provides a simple way to manage, grow and maximise your funds.

If your plan involves selling all or part of your farm at retirement, it’s likely you’ll want to take a comprehensive approach to investing. Talk to your ASB Rural Manager today about an introduction to an ASB Wealth Specialist who’ll help you build your investment plan.

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Rural banking Structuring your farming business