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The Benefits of Renewable Energy Diversification
The current compound annual growth rate (CAGR) of the UK renewable energy market is currently 9% and growing. This, amongst other things shows increasing progress towards the UK government’s “Net Zero Strategy: Build Back Greener”. The recently published document (October 2021) established a target of meeting greenhouse gas (GHG) net zero by the year...
Ideas to Inspire Your Farm Diversification This Year
It’s the start of the new year. You may be thinking “what can I do to drive my farming business forward in 2022?”. Whilst considering the various things you’d like to do, perhaps farm diversification was a priority? A valuable way of gaining resilience in an otherwise volatile industry, farm diversification covers an abundance of opportunity. Need...
Farm Diversification & Generational Relationships Within the Family Farm
The Agricultural Transition Plan mentions intended support to new entrants through the lump sum exit scheme and funding for new land access channels. However, this support for new entrants is largely unclarified at this stage. Therefore, many young people interested in rural business will look towards there family farm.
As the agricultural industry evolves, it seems to be...
Farm Diversification on Tenanted Farms
The tiered reduction of Basic Payment Scheme (BPS) subsidies and the ongoing lack of clarity surrounding the Environmental Land Management subsidy grow increasingly prevalent as time progresses towards 2027. As a result, non-agricultural income in the form of diversification appears to be increasingly appealing as a means of reducing financial risk.
Owner-occupied farms,...
Is a Joint Venture Partnership the Answer to Your Diversification?
Often, diversification on farm may cause an increase in workload, a requirement for new skillsets or even capital.
One potential opportunity to fulfil these requirements could be a joint venture partnership. Many farms are familiar with this term and business structure, due to the increase in agricultural joint venture partnerships in recent years, in an attempt to reduce...
The Farm Business Innovation Show – Only 5 Days Away!
The Farm Innovation Show 2021 is just 5 days away, starting at 10am on Wednesday 10th November. We’ve been urging everyone within rural and agricultural business to attend! Make sure you take a day to attend, to ensure you are inspired and well equipped to diversify your own business. Free tickets are still available, get yours here now!
We’ll be ready to...