Meadow Foods has announced a further increase in its milk prices for the month of December. The latest increase of 2.25p per litre for a standard litre of milk, makes for the sixth consecutive rise, and means that prices have risen by 7.4p per litre since the market bottomed out in July. A Meadow Foods … Continue reading Meadow Foods Milk Price On The Increase Again
Farmers and Farm Businesses across the country are being encouraged to take advantage of the government’s Better Broadband Subsidy Scheme. The scheme is managed by The Department for Culture, Media and Sport and offers subsidies for installation and equipment required for a basic broadband service, up to the amount of £350. The subsidy can be … Continue reading Help at Hand to Improve your Internet Connection
The government has announced two reviews of the Groceries Code Adjudicator (GCA) which could pave the way for greater protection for farmers in the supply chain. Set up in 2013, the GCA was created to ensure retailers stuck to fair trade rules, and the first of the reviews will look into how effective the adjudicator … Continue reading Greater protection for farmers ahead?
Agricultural Property Relief (APR), if obtained, allows an individual to pass on agricultural property, either in their Will or during their lifetime, free of Inheritance Tax (IHT). Business Property Relief (BPR) reduces the IHT payable on a wider class of qualifying business assets when they are left in a Will or passed on during lifetime. … Continue reading Your Redundant Farm Building could be Restricting your Inheritance Tax Relief
It's great to hear that Meadow Foods is to increase its milk prices by 1.15ppl taking its standard A litre to 21.15ppl for October. It is the fourth consecutive month that the processor – the largest independent dairy in the UK – has increased prices. The reduced milk price over the last couple of years … Continue reading Good News For Dairy Farmers
Certain plant and machinery can qualify for what’s known as Annual Investment Allowance (AIA), which allows businesses to claim for the cost of the new asset (up the specified threshold) in the year of purchase. The current Annual Investment Allowance is £200,000 (in the year to 31 December 2015 the limit was £500,000) and it’s … Continue reading Tax Allowances on the Farm
Whilst farming has its own key fields in which farmers and farm managers must succeed to eke out a profit, the importance of the “numbers” can often be misunderstood or forgotten about completely. With the Brexit decision leaving many farmers wondering where the next subsidy is going to come from, cost analysis and performance monitoring … Continue reading Farmers – Analysis Breeds Performance.
In conjunction with National Countryside Week, a new support scheme for small farms has been launched by The Prince of Wales. The Prince’s Farm Resilience Scheme has been developed in response to the vulnerability of small farms in the UK, many of which are under threat due to the current volatility of the industry. The … Continue reading New Farm Resilience Scheme Launched
The Welsh Government has set up a Venture Initiative to help match landowners and retiring farmers with enthusiastic new farmers looking for a way into the industry. Find out more by following this link to Business Wales. Please note: This article is a commentary on general principles and should not be interpreted as advice for … Continue reading Joint Venture Opportunites
The National Rural Crime Network has announced that crime in rural parts of England and Wales has cost over £800million during the last 12 months, but that it believes that the figure should be much higher as so many crimes go unreported. The crimes range from sheep rustling, theft of farm machinery to petty theft … Continue reading Rural Crime Must Be Reported