Page 4 - 2395-DA-Agri Newsletter-28pp-FLIPBOOK-v8
P. 4
WINTER 2015
Crisis aversion – see the
sunshine through the clouds
David Allen Farming is a challenging industry to be part of at the best
of times, but at the moment this has never been more true.
Managing Partner
david@david-allen.co.uk With milk prices dropping across the globe and the price
our dairy farmers are paid per litre reaching a record low,
Call David on 01228 711888 to learn times are hard for many.
more about how he can help your
business flourish.
British lamb and beef prices bottomed Cash flow Tax
during the Summer months, meaning Creating a plan and organising your While tax is certainly something that
they were the lowest they have been in cash flow is essential in times of can’t be avoided, using careful tax
the season for six years – reaching the uncertainty. You need to be able planning to maximise on money-saving
lowest overall levels since 2013. These to see where your money is coming opportunities for your business is a
industry crises, teamed with the low from and ensure that any necessary fundamental, basic area that should
grain prices we have been experiencing outgoings are paid in full. You also be reviewed during times of financial
throughout 2015, mean that even with need to understand ways in which you hardship. The 2015 Budget detailed
extra yield there are numerous financial can make your money go further and the potential for significant tax savings
strains for farmers across the country. what you and your business can do for those in the agricultural sector with
to be more profitable. Our team of the changes to farmers’ averaging
Trying to maintain a healthy cash flow is experts are here to guide you through relief. These changes will take effect
more important now than ever to keep this and will help you to create accurate from April 2016 – you can read more
businesses stable and profitable. Basic cash flow forecasts and assist in all about this in Craig’s article on page 20.
Payment Scheme (BPS) payments are an things budgetary. We will liaise with
important part of this for many and so it your bank on your behalf and assist with “T rying to maintain a
is not welcome news that the payments any borrowing requirements, be they healthy cash flow is more
due in December 2015 are clouded refinancing or new borrowing. important now than ever to
with uncertainty as to whether they will keep businesses stable and
be paid on time. Lower your cost of production profitable.”
More often than not your cost of
Whilst we cannot predict how long this production will increase if you become
period of challenge and uncertainty will complacent or allow clever marketers
last, we are here to give you a helping to sell you products you may not need.
hand and share with you a number of During times of difficulty it is essential
ways in which you can ease the burden. to review which products you really
Here are some areas you may want to need and the price you pay for them –
consider to help take some of the strain always shop around for the best deal!
off your shoulders.
4 david-allen.co.uk
