Over one hundred Essex farmers and their families gathered at the Lion Inn, Boreham on Tuesday 26th February, with one common aim; to discover how to better manage change affecting their farming businesses.
From Brexit to Making Tax Digital, the coming months promise many elements of change. Help was at hand, however, at Annual Farming Families Update 2019, as organisers Rickard Luckin,
Whirledge & Nott
delivered six presentations addressing challenges and opportunities associated with land management, diversification, change management and tax planning.
This popular, long-standing event, now in its 7th year, was chaired by NFU Essex Chairman, Patrick Wreathall, who drew upon his 40 years’ experience as a turkey and arable farmer in the region.
Caroline Peters, Director and Head of Agriculture at Rickard Luckin, underlined the importance of effectively managing change in her opening presentation, emphasising the need to comply with Making Tax Digital.
Kate Jennings, Director at chartered surveyors Whirledge & Nott, explored the many opportunities for diversification. The firm’s newest Development Director, Matt Gill, also emphasised opportunities for farmers in local authorities without a local plan for housing growth.
David Rayner of Birkett Long highlighted diversification and development opportunities, before Rickard Luckin’s James Boustead guided attendees through the tax implications of land development, succession planning and diversification.
Birkett Long’s Head of Agriculture and Estates, Caroline Dowding drew the presentations to a close with an informative, insightful outlook on protecting the family business when a loved one falls ill with dementia. Attendees remarked that it was a thought-provoking finish to an interesting event. The farming families enjoyed wine and canapés to end the event and networked with peers, taking time to reflect on the topics covered.
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