Planning for succession with non-farming children

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.

SFI unlikely to offset direct payments

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

Four financial considerations before diversifying your farm

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

Tax credits for your Limited business, supporting growth and innovation

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.

Financing helps successful biofuel diversification

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.

ELMS and alternative land uses: Key insights for farmers

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.

‘Look before you leave’: Five financial considerations of taking a lump sum to exit farming

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

2021 NAAC contracting survey published

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.

Government plans to offer lump sum for farmers wanting to retire

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

Agriculture the riskiest sector to work in, but less than 50% of farmers have a will

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.

£12m Farming Innovation Pathways funding competition launches

UKRI and Defra have announced their R&D collaboration for an exciting new funding opportunity, Farming Innovation Pathways. 

Professional indemnity cover simplified for farmers association operators

Professional indemnity broker Trafalgar Risk Management (TRM) has announced the extension of its comprehensive PI insurance protection, to cover farmers association operators and agricultural advisory services against claims of negligence or breach of duty made by a client.

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