Farm Finance

It is over two years since the credit crunch hit the UK economy. While many within agriculture may feel sheltered from the worst of its effects, agriculture could face new challenges as the economy struggles out of recession, especially with the government’s budget deficit approaching £175bn in 2009/10, and some economists predicting it will peak at £190bn.

The sector has long benefited from various forms of financial support and tax breaks, but experts believe these could prove tempting targets for future government spending cuts – as next week’s pre-Budget report may well demonstrate (we’ll be covering it as it happens on FWi). Understanding how to make the most of the current tax incentives, whether for buying machinery or transferring assets to a son or daughter, could save you money and benefit future generations.

All of this, alongside the changes to the CAP post-2012, makes this year’s Farm Finance supplement essential reading. Click on one of the articles below to find out more.