You should by now have filed, or be the process of preparing, your tax returns for 2016/17. Have you remembered however, that as of 6 April 2016, farmers have the option to average their profits over five years? Two-year averaging is still available, and you can choose which is most beneficial for you – two-year, … Continue reading Can You Save Tax with Five-Year Farmer’s Averaging?
Dairy farmers in Wales have until this Friday to apply for an aid scheme worth £1,800. The EU Conditional Aid Scheme is only open to dairy farmers in Wales and, specifically, those that were in milk production with a supply contract on 1 January 2016. To qualify before the deadline at midnight on Friday 30 June, producers need to … Continue reading Last Chance for Welsh Dairy Farmers
DEFRA (Department for Environment, Food & Rural Affairs) has now published revised estimates which suggest Total Income From Farming (TIFF) in the UK fell by around 7.5% in 2016. This is significantly different from their original figure of 1.5% reported earlier in the year, with the Government blaming incorrect data accounting for the error in the … Continue reading DEFRA Revises TIFF Estimate
This Sunday, over 1,500 farmers across the UK will be opening their farms for visitors as part of Open Farm Sunday. Although some people are still unaware of what "Open Farm Sunday" is, its widespread appeal cannot be denied. Since its inception in 2006 farmers have welcomed 1.8 million visitors to their farms for one … Continue reading Are You Opening Your Farm This Sunday?
Fears have been expressed by some land agents that agricultural land prices may fall in the UK, as a direct result of Brexit. It is expected that the amount of subsidies, such as the Basic Payment Scheme, will decline once Britain leaves the EU, causing some farmers to re-consider their financial position. Many are already struggling … Continue reading Will Brexit Affect the Value of Your Farmland?
Following the announcement by Theresa May that there will be a general election in June, industry leaders in the food and farming sectors have called for all political parties to put agriculture at the fore-front of their policies. The Food and Drink Federation in particular are asking all concerned to make clear their vision for … Continue reading The General Election: What Will It Mean For Farmers?
Wales Rural Development Program have released the dates for the expression of interest in the new Farm Business Grant Scheme. The window will open on 2nd May and will close 30th June. The Farm Business Grant Scheme will offer grants of between £3,000 and £12,000 to the successful applicants, in a bid to improve the … Continue reading Window for New Farm Business Grant Soon to Open
In the rural sector, employers are being urged to check that they are paying the correct minimum wages rates where both the Agricultural Minimum Wage and the National Living Wage apply. HMRC has launched a programme of compliance checks to ensure the correct rates are being paid and can ask to see any associated records. … Continue reading HMRC Agricultural Compliance Checks
From 5am on 10 August to 5am on 11 August 2017, “24 hours in Farming” is back supported by FG Insight and Morrisons. The aim of the event is for UK Agriculture to “shout about the industry and why they are so proud to work within it” and to show consumers how much passion and … Continue reading 24 Hours In Farming
South Wales Fire and Rescue Service have advised farmers who are planning to ‘burn off’ their land, that they now have a dedicated Wildfire Station to assist them. While the vast majority of these burnings are done under safe conditions, on limited occasions fires can become too large to manage or out of control with … Continue reading Fire Service Appeal To Farmers Planning Controlled Fires