Farming and agriculture is a unique industry; though it demands the same hard work and commitment as any other, it is the only industry where yields and the ‘bottom line’ can be so significantly impacted as a result of the weather, acreage, disease or pests.
The industry also faces challenges as a result of international pricing, supermarkets and changing consumer preferences, as well as the need to diversify, identify new income streams and to plan for succession.
All of the above, combined with high capital expenditure, limited cash resources, funding and tax issues, can leave farmers questioning their ability to survive. This is why effective financial controls; specialist advice and clear strategy is so essential.
We have a watertight understanding of farming and agriculture and, as such, are able to help you make informed judgements and good business decisions. As members of Agricultural Groups, we are also able to help you to assess the economic benefits of diversification projects.
Associations have also been forged with both the National Farmers Union and the Country Landowners Association.
For more information about the audit, accountancy, taxation and business advisory services we offer for farming and agricultural businesses in Bedfordshire, Hertfordshire, Cambridgeshire and beyond, contact us.