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The most suitable structure for you will depend on your personal situation and your future plans. The decision you make will have repercussions on the way you are taxed, your exposure to creditors and other matters.

The use of business planning in United Kingdom agriculture has grown rapidly in the past decade. The number of farmers developing and using business plans has grown for a number of reasons.

Employing people can be a daunting thought, or is it just common sense? Employees are most firms’ greatest assets, so it’s worth spending a bit of time making sure you get it right. This note summarises some of the main points to consider.

As a new entrant new to managing a business you will need to develop new skills. Your past experience might involve working in a family farming business or working for an employer. But now you are in sole charge, making your own decisions and being responsible for financial success of the enterprise. This requires the learning of new skills and the knowledge of where to look for advice.

Farmland tends to have a high asset value relative to its income earning potential. Therefore, there is a substantial financial barrier to entry into farming for aspiring farmers, and expanding businesses alike through land purchase. Separating or partially separating the role of ‘asset’ownership from ‘operator’ can help reduce this barrier.