Chris Solt

A global meeting of finance experts working in the agricultural and food sectors, chaired by a leading Norfolk agricultural accountant, has highlighted the many challenges faced by the agribusiness sector in an uncertain world environment, including the need for young farmers to replace aging farmers, the impact of immigration policies on the industry, and the importance of education and training programs.

Diversification has been key for farming businesses to remain sustainable; having a number of different income streams on the farm has helped many businesses navigate through external factors and changes in farm subsidy regimes.

It’s a seller’s market, and farmers should take advantage, says Chris Solt of Lovewell Blake.

An ‘unholy alliance’ of pressures on costs means that farmers need to put in place anti-inflation strategies, according to a leading specialist agricultural accountant.

Whilst it can never fully replace traditional land-based methods, vertical farming definitely has a role to play in solving some of the food production challenges we face.

Farming has to attract more British residents to work in the sector, work together to drive up prices and watch the cashflow to survive the supply chain crisis

The government have confirmed the £1 million Annual Investment Allowance (AIA) will be extended until 1 January 2022.

The passing of the Agriculture Act, the first piece of domestic legislation covering farming for more than seven decades, sets out how Britain will farm for generations to come – and importantly it includes food standards protections.