Articles in "Agriculture"

Whilst not on the scale of Kwasi Kwarteng’s announcement, Chancellor Rachel Reeves’ first Budget will probably be far-reaching – and the measures she unveils could have a dramatic impact on farmers and landowners.  That is the prediction of one of the region’s leading rural finance experts.

Agriculture has traditionally relied on seasonal workers – but that doesn’t negate the requirement to provide written terms and conditions, says Ryan Lincoln.

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.

Two major new planning initiatives will have a huge impact on farmers – offering both opportunities and challenges. That was the message heard by around 60 Norfolk and Suffolk farmers at the latest joint NFU/Lovewell Blake Farmers’ Evening in Halesworth.

From 6 April 2024, tax law is being changed resulting in the profits businesses are taxed on being brought in line with the tax year, rather than aligned with their accounting period.

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.