Whilst many of us have been basking in the glorious sunshine and high temperatures this year, some farmers have been experiencing the not-so -wonderful side effects of the extreme summer weather. Crop failure has made 2018 pretty disastrous for many in the agricultural industry. Already we are being warned of a shortage of peas, grains … Continue reading The Long Hot Summer of 2018
According to recent research by estate agents Strutt & Parker, a larger share of farmland is being purchased by private investors. The research shows that the share of purchases by farmers, traditionally hovering between 60 and 65 per cent, has dropped to 50 per cent over the last 6 months. This is the lowest level … Continue reading Farmers Waiting for More Clarity Before Buying Land
The Farming Connect Advisory Service aims to provide expert, independent, confidential and bespoke advice to Farm and Forestry businesses. Through consultation with approved providers, farmers can address problems or make improvements on their farms, which can include, amongst other things, business planning advice, livestock management and performance, or grassland, crop and woodland management. When receiving … Continue reading Advisory Service Aims to Connect Farmers to the Professionals They Need
A new online calculator has been launched to allow farmers to see the potential effect on their businesses of various Brexit scenarios. Developed by The Agricultural and Horticultural Development Board, its aim is to help farmers and growers review their business and remain fit for the future. The calculator allows individuals to input their data … Continue reading New Calculator to Help Farmers Foretell the Future
In recent years many farmers have sought planning permission on redundant farm buildings to convert them into dwellings. If a farmer is looking to develop the barn himself, rather than sell it on once permission has been granted, one of the key considerations is the ability to reclaim VAT on the development costs. This is … Continue reading VAT Implications of Barn Conversions
FRS102 and FRS105 are the financial reporting standards that set out how accounts should be prepared for UK entities and micro-entities. The standards, which became effective for financial year-ends on or after 1 January 2016 (1 January 2015 for medium-sized companies) are mandatory for all farming businesses trading as a limited company and are therefore … Continue reading How Are Changes to Accounting Reporting Standards Impacting Farm Accounts?
A recent survey of farmers by the Farmers Weekly found that 69% thought that their business would be worse off as a result of Brexit. Of the remaining 31%, 15% thought that they would fare better as a result, whilst 16% believed that Brexit would have little or no effect. The UK is set to … Continue reading Most Farmers Think They Will Be Worse off After Brexit
Britain’s most respected animal welfare charity has joined in the debate over the future of farming subsidies post-Brexit. Speaking recently at the Oxford Real Farming Conference, the RSPCA put forward their proposals for the continued funding of the British farming industry when the subsidies under the EU CAP come to an end. Primarily, they are … Continue reading RSPCA Supports Farming Subsidies
Many farm businesses diversify from traditional farming to other related activities such as livery or hay making for horses. This may be a result of lifestyle changes or perhaps other potential incentives aligned with the Government’s so called Green Brexit. In such circumstances, they need to be aware of the impact that such a change … Continue reading Preserve Tax Relief on Farming Diversification
The Welsh Government is offering 150 farmers up to £40,000 worth of start-up aid as part of their Young People into Agriculture Scheme. £6million will be made available to fund the scheme which intends to help people prepare their business for life outside of the EU, as well as helping develop leadership skills. The target … Continue reading Start up Help for Young Farmers
