Peter Kendall, the President of the NFU, was positive when he gave an assessment of the UK’s agricultural. He spoke to over 250 delegates at two regional farm business updates that were held at Greetham Valley in Rutland and the Petwood Hotel in Woodhall Spa, Lincolnshire.
At the events, which were organised by Duncan & Toplis and Brown & Co, Kendall acknowledged that the farming sector is up against a number of challenges, but he also described UK agriculture as modern, exciting and hi-tech.
He said: “There are many challenges facing agriculture as it grapples to improve food security, feed an ever increasing population and deal with changing weather patterns, market volatility caused by the supply and demand of commodities globally, political influences and the activities of speculators.
“There is a need for Common Agricultural Policy (CAP) reform but volatility in farm incomes needs to be managed, and reform should not be to the detriment of the UK farmer compared to others elsewhere in Europe.”
He ended his talk by applauding the UK’s farmers who are continuing to produce great food in a responsible way and he said that they should be proud of this.
Andy Severn, the head of tax at Duncan & Toplis, who arranged the events, also spoke to the delegates. He was talking about the need for farmers to pay attention to inheritance tax and to seek appropriate and professional advice on the matter.
He said: “There is a very real need for farmers to get their housekeeping in order with regard to the presentation of their accounts as well as the partnership agreement reflecting what the family operation actually does.”