Finance News

Following the end of the Government consultation period into the administration of direct payments and a lump sum exit payment for farmers who may be looking to leave the industry, the NFU has shared its response to the proposals.

Accountancy Saffery Champness is advising farms that provide accommodation services or catering to be aware VAT changes could hit farm businesses from 1st October.
 

For families with more than one child passing assets on to non-farming children may seem complicated but there are options to do so while keeping the farm intact. Financial experts Old Mill give us their advice on the difficult subject.

New analysis by AHDB quantifies how the proposed Sustainable Farming Incentive (SFI) stacks up against the basic payment scheme (BPS).

Farmers Guide caught up with Sean McCann, chartered financial planner at NFU Mutual, to hear expert financial advice for farmers looking to diversify.

R&D tax consultancy Rocdaymer & Co Ltd spoke to Farmers Guide to offer an in-depth explanation of UK tax credits for the agriculture sector.

Farmers Guide spoke to Saffron Financial about its recent work with a company diversifying into biofuel, helping them to secure the funding needed to grow and develop.

Farm consultancy expert Mark Russell, a partner at Carter Jonas, explores how environmental schemes will impact farmers and offers advice on potential alternative income streams.

HMRC have not yet confirmed how the proposed lump sums for exiting farming in England will be taxed.

A new survey of contracting prices for 2021-22 has been published by the National Association of Agricultural Contractors (NAAC), giving a UK national average to help contractors and farmers benchmark when working out their costings for an operation.

A consultation launched today (19th May) proposes to pay farmers who wish to leave the industry, to encourage ‘new blood’ into the industry.

An informal poll at a recent succession planning webinar for NFU farmers, showed that only 17 out of 40 participants had a will, despite agriculture being considered one of the most dangerous sectors to work in.