Obtaining land is one of the main barriers to many new entrants. There are numerous ways to gain entry, including agricultural tenancies, joint ventures or renting seasonal ground.
A Joint Venture can be considered as some form of co-operation, formed in a legal manner,
between two or more parties to form a business relationship, other than as landlord and tenant. There are various benefits and reasons for their creation, including shared risk or improved return on capital through combined resources and expertise to accelerate growth. They can also avoid the need to create a formal farm tenancy.
Collaboration can be defined as working together with somebody in order to produce or achieve something. There are various benefits and reasons for the creation of collaborative agreements in farming, including sharing risk, improving return on capital through combined resources and expertise, and increasing business resilience.
The key features of the ‘modern’ types of farm tenancy are that they aim to be transparent and fair to the tenant, whilst providing landlords a route in which to be able to legally resume the farm in the future if they wish, and hence encourage the letting of farms.
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