Company Accounting Changes

Under new regulations for companies known as FRS 105 farmers will be required to provide details of all stock on the farm at the start of the year, movements in and out during the year and stock at the end of the year.  You may think that you do this already, but the new regulation […]

Realistic Budgeting

All too often agreements are being set up or budgets drawn up, that are not being tested in a realistic manner. The optimistic view is generally the one taken and stress testing is not being carried out adequately. When banks look at a proposal they often ask for it to be run at up to […]

Business Briefing August 2016

Welcome to The Farm Consultancy Group’s August 2016 edition of the Business Briefing Newsletter.  In this month’s issue you will find useful information on realistic budgeting for your business, banking business support and company accounting changes.  In addition there are management tips  on alternative enterprises, reviewing farming agreements and benchmarking and details about the Countyside Stewardship Mid-Tier applications. […]

Brexit: Opportunity Or Threat?

So the UK has decided to leave Europe. What implications has it for your business? Firstly, nothing in terms of subsidy payments will change for two years. Then you can expect lower levels of subsidy in the longer term, though the UK has committed to still supporting agriculture. The bigger variable in the short term […]