Farmers demand pre-nups
Record land prices drive owners to protect assets, our exclusive poll shows
THE majority of farmers want their future spouse to sign a pre-nuptial agreement in an effort to safeguard the future of the farm, a major survey has revealed.
Two- thirds of those surveyed said farmers should insist upon pre-nuptial agreements.
The survey of more than 1,000 people was carried out at the Farming Independent stand over the three days of the Ploughing Championships.
Just 33pc said farmers should not insist on pre- nuptial agreements.
Once seen as a document that only those marrying into the landed gentry were forced to sign, more and more farmers are now in favour of pre-nuptial agreements. Record land prices have resulted in many farmers going to extreme lengths to protect the land.
As expected, farmers with larger farms of land were more in favour of prenuptial agreements than those with smaller farms.
Some 72pc of farmers with more than 200ac believed farmers should insist on prenuptial agreement. By contrast, 63pc of those questioned with less than 100 acres felt farmers should opt for pre-nups. A total of 67pc of farmers with between 100- 200 acres were in favour of pre-nups.
Interestingly, the older the age of the farmer -- the more he/she was in favour of pre-nups. Younger farmers were less in favour on insisting that their spouse should sign a pre-nup.