Diversification News

Owners of furnished holiday lettings face a race against time if they want to sell or gift their properties to maximise a number of tax advantages before they are abolished from April 2025, according to financial advice firm NFU Mutual.    

Suffolk-based Baylham House Rare Breeds Farm has recently raised a subject of open farms offering lamb cuddling activities.

Greater Manchester farmers Richard and John diversified through BNG when the farm was no longer financially viable.

Farmers and landowners in Pembrokeshire National Park have shown their dissatisfaction with the plans to ban pop-up campsites.

Free farm business advice will continue to be offered by Ceres Rural despite the termination of the Future Farm Resilience Fund next month, managing partner and Clarkson’s Farm star Charlie Ireland confirms.

Currently, British farmers are facing mounting challenges, many of which are causing financial strain. More and more are therefore seeking innovative solutions to strengthen their financial resilience.

Simon Ray always knew he’d need an extra revenue stream. He didn’t realise how simple it would be to fund it, after speaking about his finance options to Rural Asset Finance.

Euro-Statics says it offers a unique buying experience for its static caravans for seasonal workers.

The chairwoman of the Farm Retail Association (FRA), Emma Mosey, has issued a stark warning about the “catastrophic consequences” of the recently announced Budget. She said that the new measures will decimate the UK’s farming industry and compromise the nation’s food security.

Almost a quarter of farming business owners have identified the need to diversify their operations to ensure survival following Autumn Budget announcements, research by Shakespeare Martineau has revealed.

As well as being the third-highest earning property type in 2023, farm stays have generated 13% more gross income than the average property in 2024, says Sykes Holiday Cottages.

Amid ongoing fallout from the chancellor’s Autumn Budget, we spoke to Emma Mosey, chair of the Farm Retail Association, about the implications for farm shops.