NFU president visits amid arable farming fears
The president of the National Farmers' Union will discuss the challenges of 2013 at two business advice events.
Peter Kendall will address guests in both Woodhall Spa and Oakham on Thursday, February 7.
Duncan & Toplis and Brown & Co have arranged the events following one of the worst cereal harvests in living memory, with the firms saying the arable farming sector is "at a crossroads".
The theme of the Farm Business Updates will be "new horizons".
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Andy Severn, head of tax at Duncan & Toplis, said that with the profitability of arable farming in the region hard to predict, the events will advise farmers to consider ways of restructuring their businesses.
He said: "Arable farms have enjoyed two years of good profits but the appalling weather since August means that the next two years may not be so profitable.
"Now could be a good time for farmers to think about restructuring the family business, as an increase in profits puts them in a better position to be able to do this.
"Some older clients have recently told me that they feel the time is right to pass on the main business responsibilities to a younger generation, and there's a whole host of different arrangements that can be put in place without the need to actually sell the land.
"Renting, contract farming and joint venture agreements are becoming very popular in the agricultural industry, and retaining ownership of the farm actually helps from an Inheritance tax planning perspective."
The Woodhall Spa event will be held from 3.30pm until 6.45pm at the Petwood Hotel.
To book a place, email lisa.pask@duntop.co.uk or phae.bryant@brown-co.com
2 Comments
by jackyb
Thursday, January 31 2013, 5:30PM
“it's such important to talk about farming and set up events and conferences, one of them happened last time in Poland http://tinyurl.com/aoldwep these actions would benefit for farmers”
by jackyb
Thursday, January 31 2013, 5:28PM
“it's such important to talk about farming and set up events and conferences, one of them happened last time in Poland http://tinyurl.com/aoldwep these actions would benefit for farmers”