It is also one of the most dynamic sectors of the economy and is experiencing increased pressure on its income. That trend will continue with changes following Brexit.
In response, many farmers have sought to move away from traditional sources of income and maximise opportunities by diversifying their business.
We have experience in buying and selling everything from a smallholding through to large estates.
We also advise on appropriate agricultural tenancies, contract farming agreements and the grant of rights for cables, pipelines and telecommunication masts.
Development, Planning and Boundary Disputes
Agriculture has a special place within the English planning framework providing genuine planning advantages for agricultural clients.
We have specialist in-house planning knowledge and also advise on appropriate overage agreements as well as dealing with disputes over property ownership.
Partnerships and Other Ownership Structures
Traditionally most agricultural clients either farmed alone or in partnership. In an era of diversification farmers may use a variety of different structures for the separate elements of their business, from traditional partnerships to company structures or limited liability partnerships.
We work with your other advisers to ensure that your interests are protected from the potential problems that could threaten your business.
One of the most difficult decisions for any farmer is deciding how and when to hand over the reins of the business.
The management and related taxation consequences need to be considered at every stage to ensure that correct decisions are made.
Developments in agriculture require new skills and new people to work in the farming business. In this fast-changing environment it is crucial to know your exact legal position.
We have the specialist knowledge to ensure that you get matters set up correctly. If an issue has already arisen, we help you ensure that it is resolved as quickly as possible to minimise the financial consequences to the business.
As a farmer you are likely to keep an eye on the taxation consequences of your activities. This means not only capital taxation issues such as inheritance tax or capital gains tax but also more immediate income tax and VAT issues.
Working with your other advisers, we have the expertise to minimise your tax burden.