Tag: agriculture

New Entrants to Farming – Planning for the Future

Tuesday 13 November 2018, 10:30am – 2:30pm
Stair Arms Hotel, Midlothian

A free roadshow aimed at planning for the future held in collaboration with FAS, NFUS and the Scottish Land Commission.

Speakers include:

  • Hamish Lean, Shepherd & Wedderburn
  • James MacKessack-Leitch
  • Local Accountants
  • Representative from NFUS Next Generation Group

Key subjects include: succession, legal and accounting issues and joint venture models.

This is a must event for anyone involved in agriculture. Book at FAS Scotland www.fas.scot

New Entrants to Farming – Planning for the Future

Thursday 8 November 2018, 10:30am – 2:30pm
Inchberry Farm, Fochabers

A free roadshow aimed at planning for the future held in collaboration with FAS, NFUS and the Scottish Land Commission.

Speakers include:

  • Hamish Lean, Shepherd & Wedderburn
  • James MacKessack-Leitch
  • Local Accountants
  • Representative from NFUS Next Generation Group

Key subjects include: succession, legal and accounting issues and joint venture models.

This is a must event for anyone involved in agriculture. Book at FAS Scotland www.fas.scot

New Entrants to Farming – Planning for the Future

Tuesday 6 November 2018, 10:30am – 2:30pm
Balmakewan Farm, Laurencekirk

A free roadshow aimed at planning for the future held in collaboration with FAS, NFUS and the Scottish Land Commission.

Speakers include:

  • Hamish Lean, Shepherd & Wedderburn
  • James MacKessack-Leitch
  • Local Accountants
  • Representative from NFUS Next Generation Group

Key subjects include: succession, legal and accounting issues and joint venture models.

This is a must event for anyone involved in agriculture. Book at FAS Scotland www.fas.scot

New Entrants to Farming – Planning for the Future

Thursday 1 November 2018, 10:30am – 2:30pm
Dingwall Mart

A free roadshow aimed at planning for the future held in collaboration with FAS, NFUS and the Scottish Land Commission.

Speakers include:

  • Hamish Lean, Shepherd & Wedderburn
  • James MacKessack-Leitch
  • Local Accountants
  • Representative from NFUS Next Generation Group

Key subjects include: succession, legal and accounting issues and joint venture models.

This is a must event for anyone involved in agriculture. Book at FAS Scotland www.fas.scot

New Entrants to Farming – Planning for the Future

Wednesday 10 October 2018, 10:30am – 2:30pm
Kingarth Hotel, Isle of Bute

A free roadshow aimed at planning for the future held in collaboration with FAS, NFUS and the Scottish Land Commission.

Speakers include:

  • Hamish Lean, Shepherd & Wedderburn
  • James MacKessack-Leitch
  • Local Accountants
  • Representative from NFUS Next Generation Group

Key subjects include: succession, legal and accounting issues and joint venture models.

This is a must event for anyone involved in agriculture. Book at FAS Scotland www.fas.scot

New Entrants to Farming – Planning for the Future

Tuesday 9 October 2018, 10:30am – 2:30pm
Tarbert Hotel, Tarbert

A free roadshow aimed at planning for the future held in collaboration with FAS, NFUS and the Scottish Land Commission.

Speakers include:

  • Hamish Lean, Shepherd & Wedderburn
  • James MacKessack-Leitch
  • Local Accountants
  • Representative from NFUS Next Generation Group

Key subjects include: succession, legal and accounting issues and joint venture models.

This is a must event for anyone involved in agriculture. Book at FAS Scotland www.fas.scot

Scottish Land Commission publishes James Hutton Institute new entrants report

Land access is a critical barrier for new entrants to agriculture in Scotland according to research published today.

The report, prepared for the Scottish Land Commission by The James Hutton Institute, suggests that existing farmers and landowners are well placed to offer greater opportunities to new entrants – and enhance their own businesses at the same time.

A priority area of work for the Land Commission is agricultural holdings and how to create and sustain a thriving agricultural sector in Scotland. The James Hutton Institute was commissioned to investigate new models and structures to increase the availability of land for new entrants; provide practical guidance on existing joint venture models; identify barriers to succession and retirement; and develop a baseline for measuring success.

The report by McKee et al. explores:

  • Current experience and understanding of joint venture options such as contract farming, partnerships, share farming, agricultural tenancies, and leasing/licensing
  • The potential for tax interventions, with a particular focus on income tax relief in relation to tenancy creation/length
  • English, Welsh, and Irish experience of land matching services
  • The development internationally of farm incubators for new businesses.

In particular the report highlights the need to address issues around the balance of risk and reward on the part of existing farmers/landowners when implementing these models, the profitability of new entrant farming businesses, and the need for trust and relationship building in developing joint ventures.

Speaking about the report, Tenant Farming Commissioner (TFC), Bob McIntosh, said

“One of the biggest issues facing new entrants to tenant farming is the lack of access to land. For Scotland to have a successful farming sector there needs to be new entrants to drive innovation and best practice.

“This report explores a number of ways for increasing the availability of land. Working with NFUS and Scotland’s Farm Advisory Service, we will be holding a series of workshops in late summer, looking at the options available to existing farmers and landowners, such as joint ventures and share farming, to offer opportunities for new entrants.”

Further information on the dates for the joint workshops, will be published on the Scottish Land Commission’s website.

To download a copy of the James Hutton Institute report (Increasing the Availability of Farmland for New Entrants to Agriculture in Scotland), click here.

Discussion paper looks at increasing availability of agricultural land for new entrants

A simpler and more intelligible framework is now required in Scotland to open up the farming letting sector again and promote farming as a viable option for the next generation.

That’s the message in a new paper, ‘Encouraging agricultural lettings in Scotland for the 21st Century’, the fourth in a series of independent discussion papers from the Scottish Land Commission, aimed at stimulating debate about making more of Scotland’s land.

The framework needs to include both simpler tenancy law and a more commercial, business-minded and flexible approach to unlock more land for farm lettings.

In the paper, the author Jeremy Moody, maps the decline in the tenanted farming sector over the past century and the current, complex environment of different and sometimes overlapping, rules.

He assesses the past and current issues facing landlords and tenants including the perception among landlords that land letting is ‘high risk and low return’ and considers wider questions around the political climate and future changes in the context of Brexit.

The paper puts forward a number of proposals including a new income tax relief as an innovative way of addressing increasing land availability. This tax-based approach, seems likely to release more land; evidence from the Republic of Ireland suggests a significant increase in lettings there, following the adoption of a similar relief in 2015.

The paper’s author argues that letting is declining in Scotland despite a strong demand for access to land from new entrants and existing farmers needing to expand or improve the viability of their enterprises.

The Land Commission’s Tenant Farming Commissioner, Bob McIntosh, said:

“For a thriving tenant farming sector there needs to be a steady flow of new entrants to drive innovation and best practice, improve efficiencies and contribute towards the economic vitality of the sector.

“The Commission is looking at ways to stimulate the tenant farming sector and increase the availability of agricultural land. We commissioned this paper to encourage debate around the different approaches and incentives for letting of land.  We will discuss it at the next meeting of the Tenant Farming Advisory Forum in July and we’d welcome written responses by email, ahead of that meeting.

“The different approaches need to be considered alongside the work we’re doing on the current succession and retirement options for farmers and landowners.”

Speaking about his paper, Jeremy Moody said that promoting a positive attitude among both tenant farmers and landowners, “…depends on good quality relationships, with sympathy between the parties and positive approach by advisers. The approach should be to see that a good relationship for farming land should be mutually beneficial.”

Read the Land Lines discussion paper here.