A more uncertain future is causing many estates and farm businesses to review their current systems prompted by a number of drivers including -

• Generation changes.
• New farming systems and technology adoptions.
• A desire to contribute to environmental and climate change improvements.
• Development opportunities.
• Substantial changes in taxation, legislation and government support.
• The availability of new diversified income sources.
• Pressures on profitability of cashflow.

Whilst these areas of change are very different, many of these are inevitably interlinked. Help and advice is available for specific and individual areas.

At Newton LDP we have a team who have the knowledge, experience and expertise to look at these challenges and opportunities and deliver a plan for the future of the business.

A review will focus on the areas that will materially affect your business and in turn allow you to focus on these issues as well. A typical review might include a combination of the following aspects –

• Land and property assets, who owns them, how they are occupied and utilised.
• Business, personal and environmental objectives.
• Legacy and Succession plans.
• Assessment and analysis of business forward budgets.
• Benchmarking business performance and property returns.
• Review of taxation position.
• Review of utilisation of environmental subsidies.
• Opportunities for diversification and alternative income streams.

We have significant expertise to deliver farm and estate business reviews in a format which is readily understandable by all parties but perhaps more importantly have experience in helping to implement the agreed recommendations for change and if required deliver a new business plan.

 

Download the PDF version here: Farm and Estate Business reviews

Learn more - Case Study: Farm Business Review