05 July 2015 | Online since 2003

Farmers looking to the future with confidence



25 July 2014 12:12:36|News

Farmers looking to the future with confidence


David Missen, Larking Gowen's agricultural partner

The results of a new survey shows farmers are looking to the future with optimism and planning for growth!

This good news is contained in the The Agricultural Insight Survey conducted by MHA - a UK wide group of accountants, including Larking Gowen in the East. It takes into account the views of over 200 farmers surveyed at agricultural shows in Peterborough and Cambridge.

Among the key findings were:

1. Optimism is high, 69 per cent were expecting growth

2. 51 per cent were planning to increase their acreage

3. Succession planning is becoming more of a concern

Commented David Missen, Larking Gowen's agricultural partner; "The optimism the survey shows is slightly at odds with the recent falls in cereals prices. The key figure for farmers is price x yield and we would hope the yield for the 2014 harvest will be exceptionally good.

"I am sure farmers like the satisfaction of growing a very high quality and plentiful crop, and that may cover some of the disappointment if the price they receive per ton is lower than they would have hoped.

"It is also encouraging to see over half our respondents are looking to expand, however the availability of the right land at the right price is likely to be a barrier as little land is actually coming onto the market."

The Survey showed over half of the respondents were worried about the future of their business expressing concern about succession planning.

Said David Missen; "In farming more than just about any other business you need to take a long term view and this includes handing it on to the next generation.

"Planning for this as far ahead as possible is important and professional advice is essential to do this in the most practical and tax efficient way possible. Pleasingly the survey said 54 percent would make their accountant their first point of call when making important decisions about their business."

Larking Gowen is registered to carry out audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. A member of MHA.

Download




Comments


No comments posted yet. Be the first to post a comment

To post comment without approval login or register

Display name

Please enter your name

Email (optional)
Comment

Please enter your comment

Post Comment

Your comment submitted successfully.Please wait for admin approval.

Some error on your process.Please try one more time.



Jobs


Start Date: 5 July 2015
G216: Country Store Manager, Multiple Stores - South West

We are seeking a Country Store Manager to run multiple stores in the South West. Our client is a significant rural retailer o...


Start Date: 5 July 2015
G212: Breeding Advisor (Trainee Considered) - South West Wales

An exciting opportunity has arisen for a Dairy Breeding Advisor for an established territory within South West Wales. Our cli...


Start Date: 20 June 2015
 Tractor Driver / General Farm Worker for 1200ac, all arable farm. Job near  Ripon, Yorkshire

Requirement is for a Harvest Worker for corn carting, straw carting, cultivations, manure spreading and usual ancillary work ...


Start Date: 5 July 2015
J532: UK Business Manager - business services

UK Business Manager - business services.De Lacy Executive has been appointed to seek a UK Business Manager to direct and deve...


Start Date: 22 June 2015
Caterpillar, Lexion 580+ combine, Fendt 740, Claas Arion, driver required over Harvest and Autumn period on family farm 2100 acres cropped>>>Job close to Bury St Edmunds Suffolk

We are a family arable business working with rtk and high precision satellite on most large kit. We are looking for a driver ...





Top stories you may have missed
5 June 2015 | Cattle

A strong pound and increased red meat imports coupled with a plentiful dome...


5 June 2015 | Arable

Depression is affecting Wales' farming industry and there is a need to use ...


5 June 2015 | Arable

With just one week to go before the final judging and announcement of the w...


5 June 2015 | Finance

A rural law expert has highlighted the importance of good succession planni...


5 June 2015 | Farmshops

A south Yorkshire dairy farming family is pulling out all the stops to prom...


4 June 2015 | Finance

Predicting what is going to happen to wheat prices is a challenge, but in s...


4 June 2015 | Agri Safety

A Lancashire based livestock theft prevention scheme is aiming to go nation...


4 June 2015 | News

A female farmer has been recognised by the farming and conservation industr...


4 June 2015 | Finance

The new Conservative government appears to be preparing to implement cuts f...


4 June 2015 | Arable

The Rural Payments Agency (RPA) will have mobile support units at the follo...