BUS INE S S ON THE FARM


102


ON THE FARM WITH RICH AT RISBURY


Each month Richard Thomas will join us to talk about life on his family farm in North Herefordshire, where they farm beef, sheep, arable and apples. Their ethos is to try to farm in a more regenerative style for the benefit of future generations.


I had planned to write my December article about Christmas and drawing the year to a close, whilst we enjoy this dry spell in mid November with sunshine and some unseasonal warm weather. Then UK agriculture was shaken by the budget from the Chancellor at the end of October and the farming press, not to mention, farming social media has talked about little else since.


The inheritance tax changes to Business Property Relief (BPR) and Agricultural Property Relief (APR) surprised the industry and alongside the increase in National Insurance contributions for employers, the early removal of some fam subsidy payments and the fact that a double cab pick up no longer qualifies as a tax deductible vehicle; the industry is not happy. Now, I don’t want to go into in depth here, because many cleverer people have written much about it, but at the same time, I didn’t think I could ignore it.


The changes to APR could be a good thing and maybe they were inevitable. Land prices could come down. It could


LIVE24-SEVEN.COM


encourage earlier transfer of land and new blood to come into an industry that itself is worried about the average age of its farmers. However, farming businesses are as they are largely because of economics. Small conventional farms are difficult to run at a profit. Some small-scale market garden type farms are really profitable, but that’s not how our food system works.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116