The recent Labour General Election win has sparked significant reactions across the farming industry. With Sir Keir Starmer’s new government at the helm, industry leaders and organisations are assessing what this political shift means for British agriculture. NFU...
Total farm incomes fell by £800m in 2023, according to the latest figures from Defra, representing a 10% drop on the previous year. Across the UK, farm incomes totalled £7.2bn last year, down from £8bn in 2022. According to Defra, lower commodity prices were a...
Arable farmers are being advised to ‘work closely with their accountant’ in the wake of figures forecasting post-harvest losses in 2024. The figures, produced by Strutt & Parker, are based on a 131ha in-hand holding with an expected winter wheat yield of 7.5t/ha...
Energy storage is an essential component of transitioning our power networks from fossil fuels to renewable sources. Until now, however, storing electricity generated from green systems has been a major issue. But with the advancement of battery technology, the...
New penalties for late VAT returns and payments have come into force and will impact on VAT-registered farming businesses. Under the new regime, which saw a soft launch in January 2023, businesses accumulate penalty points for late VAT returns, as well as penalties...
Many farmers rely on Furnished Holiday Lets (FHL) as a vital source of extra revenue to bolster the farm’s core activities. In recognition of this, FHLs have enjoyed beneficial tax treatments provided they meet certain conditions. These include relief from Capital...
