24 May 2015 | Online since 2003



25 July 2014|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


15 May 2015
Experienced Telephone Sales Person
As our office is on a farm own transport would be required. Cupboards Direct Ltd, a small family company is looking for an ex...

20 May 2015
Agricultural Engineer – Fruit
At least 3 years old experience in an agricultural engineering function.Previous experience of working with fruit production ...

5 May 2015
Service Driver
The role involves servicing portable toilets on building sites, farms and such like. Toilets Plus is an expanding toilet hire...

12 May 2015
2nd/3rd line support
App server farms. Our client are a leading provider of cloud technologies and consultancy who are recruiting at their Belfast...

5 May 2015
Part Time Lecturer – Agriculture
To deliver a defined range of units/modules to meet curriculum requirements and quality assurance procedures. Payment for cla...



Top stories you may have missed
15 May 2015 | Arable

Scotland’s Rural Affairs Secretary Richard Lochhead is calling on the Europ...


15 May 2015 | Finance

As the country settles down following the turmoil of the general election, ...


14 May 2015 | Animal Health

New research from the Universities of Bristol and Cambridge has found that ...


13 May 2015 | Animal Health

A new publication to help farmers prevent sheep lameness and offer advice o...


12 May 2015 | Agri Safety

The Farmers’ Union of Wales is putting the spotlight on Liver fluke at next...


5 May 2015 | News

The UK is now third in the global rankings for utility-scale solar energy a...


29 April 2015 | Agri Safety

A recent Rural Watch demonstration and information event gave Farmers’ Unio...


24 April 2015 | Meat Processing

Retailers should confirm their commitments to sourcing UK lamb this season,...


15 April 2015 | Meat Processing

A leading retailer has apologised after selling imported lamb in a Borders ...


9 April 2015 | Finance

The time has come for landlords to expect to see reductions in farm rents, ...