Contract Farming & Joint Ventures
In-hand farming may not be the most viable way to manage your farm business. Contract farming agreements or joint ventures arrangements have grown in popularity in recent years as farm profit margins have been squeezed and the system of farm support decoupled from production. Contract farming agreements provide most of the benefits of in-hand farming without the continued investment in farm labour and machinery.
How we can help you:
Contract farming agreements can be structured to allow you to remain actively farming and give you the opportunity to step further back from day-to-day labour in order to pursue other business opportunities. They also offer an alternative to letting land under a Farm Business Tenancy. You will also be in full control of your property whilst helping to retain a number of taxation relief.
Through Savills, a national network of agribusiness consultants and land managers can offer you advice, from the basic structure of the agreement through to ensuring it runs smoothly on a day to day basis.
We offer advice on:
- Structuring any agreement
- Selecting the contractor or joint venture partner
- The risks and returns to your business
- CAP regulations and the Single Payment Scheme (SPS)
- Preparing the agreement
- Monitoring progress
- Preparing year end financial statements
Contract Farming & JV's
+44 (0) 1522 508 973