28 March 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


19 March 2015
Grain Planner
An interest or background in farming and agriculture would be useful but full training will provided for the right candidate....

26 March 2015
Customer Service Team Supervisor - Maternity Cover
We have an opportunity as a Customer Services Admin Team Supervisor (Maternity Cover) within our Long Hanborough office to jo...

24 March 2015
Area Sales Executive
Agriculture, Construction, Contractors, Excavators and Plant equipment. Field Sales Executive....

10 March 2015
System Sales Manager (Rotating Equipment & Fluid Flow) UK £50-60k+
(Food, Beverage, Dairy, Hygiene, Chemical, Pharmaceutical, Cosmetics & Personal Care Markets). Managing and developing an...

26 March 2015
Chair of Poultry Genetics and Director of the National Avian Research Facility
The Roslin Institute's mission is to gain a fundamental understanding of genetic, cellular, organ and systems bioscience unde...




Top stories you may have missed
23 March 2015 | Cattle

UK butchers face difficulties to recruit...

Butchers in the UK are losing a generation through lack of training opportu...


20 March 2015 | Arable

Dust - the secret fertiliser?

NASA research has revealed how dust blown from the Sahara desert helps supp...


19 March 2015 | Arable

The Budget 2015: A Farmer's Budget?

“In the run up to the Budget 2015 most commentators were predicting that th...


17 March 2015 | News

UK's first floating solar power system l...

The UK’s first fully operational floating solar panel system has been unvei...


13 March 2015 | Animal Health

Labour and Conservatives clash over badg...

Axing the badger cull in England and Wales will save more than £120 million...


12 March 2015 | News

Solar could be cheapest energy source by...

By 2025, solar power could become one of the cheapest forms of energy in ma...


11 March 2015 | Finance

English buyers turn their attention to S...

Demand for Scottish farm land remains strong and continues to be better val...


9 March 2015 | Cattle

2020 vision for the Welsh red meat indus...

The Welsh red meat industry should aim to increase sales by at least 34 per...


6 March 2015 | News

MP raises egg industry concerns on trans...

Fears about the impact that a proposed transatlantic trade agreement could ...


Stay safe and legal when flying drones

The use of Unmanned Aerial Vehicles and Unmanned Aircraft Systems - or dron...