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WINTER 2015

Welcome to the latest edition of
our Agriculture newsletter

Michael Peile As we approach the end of another year, it seems appropriate
to round-up on 2015. We have now seen the end of the
Agriculture Partner Summer and another fantastic show season which gave us the
michael.peile@david-allen.co.uk opportunity to catch up with many of you.

If you stopped by any of our stands You can read all about this and learn CONTENTS
at the Summer shows, thank you – we how to minimise its impact on your
always have such fun at these events business in Julie’s article on pages 03 Strength in our people
and seeing old and new faces is a 22 and 23. Another announcement
fantastic part of it! Mr Osborne made which is key to Kerrie Allison
the agricultural sector was around
So far 2015 has presented lots of changes to farmers’ averaging 04 Crisis aversion
challenges for the farming industry; relief. Craig tells you all about these
with milk prices hitting rock bottom welcome changes on page 20. David Allen
and the fall in lamb, beef and grain
prices, the forecast has been bleak Looking forward to 2016, there will 06 The value of an apprentice
for many. On pages 4 and 5, David no doubt be further challenges and
addresses these issues and gives opportunities for your business and Julie Osborn
some practical advice on what you it is important that you start
can do to mitigate against the impact discussing your ideas with a 08 Benefits of a Farm Secretary
of these challenges. knowledgeable expert. Out of
these challenging times may come Emma Pigg
Our team are here to support you, some opportunities and we are
whether it is advising on expansion here to help you embrace these and 09 LEADER funding
plans or helping you increase your implement plans to develop your
margins to gain a competitive business. Sarah Priestley
advantage. On pages 10 and 11
you can read all about how Richard Please do not hesitate to get 10 Client profile
and Rachel McCrone did just that, in touch with our team, we’re
successfully diversifying their here to help and the kettle is Pasturewood Holidays
business with the help and support always on!
of our team. 12 Hello Financial Services!

Since our last newsletter we have Steve Balmer
seen a majority Conservative
Government come into power, as 13 Pension freedom
a result of which the Chancellor of
the Exchequer, George Osborne, Ian Sneddon
held an interim Summer Budget.
Within this Budget he made a 14 Dairy benchmarking
big announcement about a new
compulsory National Living Wage. Michael Peile

16 Landlords and dividends

Craig Pollock

18 Client profile

Gaitsgill Hall Farm

20 Farmers’ averaging relief

Craig Pollock

21 Problems with probate?

Trudi Dickinson

22 National Living Wage

Julie Osborn

24 Meet the consultants

James Webster and Tom Benson

26 Buying Group
27 Farm Business Review

Workshops

2 david-allen.co.uk