Farming Conference 2019/20

Responsible for a number of farming clients? Join us at one one-day conference and hear from industry specialists on the latest key tax updates, the outlook for the agricultural sector in 2020 and the impact Brexit may have on the industry. The conference also offers the opportunity to hear from a farmer on how accountants and tax advisers can really add value to their farming clients.

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Full conference agenda

Graham Redman, The Andersons Centre

Graham will review the financial performance of British agriculture at farm and industry levels, with a projection for 2020. He will spend time on each major sector of the industry and consider the latest implications of policy change and Brexit issues with some thoughts of the impact of trade and policy changes on farming, long term. The paper will not be solely on such matters though.

Pat Nown, Mercia Group Ltd

This session will focus on two specific areas of relevance to farming clients:

• The plethora of recent tax legislative developments in plant and machinery capital allowances (AIA WDA and FYA)
• A review of the new Structures and Building allowance

In particular, Pat will consider timing strategies to maximise plant and machinery allowances and other practical points of interest.

Pat Nown, Mercia Group Ltd

The significant values that attach to farming assets and businesses requires a regular review of current capital tax reliefs to ensure that they are secured to defer or to save tax. This session will primarily focus on highlighting problem areas when trying to secure BPR and APR - the key IHT reliefs but will also consider:

• Land transactions – trading or capital
• Recent tax cases of interest for farmers

Charles Payne, RG Payne & Son, Spinney Lodge Farm

An opportunity to hear from a farmer as to how accountants and tax advisers can really add value to their clients.

Jeremy Moody, CAAV

During this session Jeremy will cover:
• Food markets
• The environmental/natural capital area
• Masts
• Issues around development
• Housing and farming
• Residential tenancy issues
• Biodiversity transfer

Jeremy Moody, CAAV and David Missen, MHA

The first part of this double session will cover topical issues including:

• Current position, outlook and possible consequences
• Developing post-Brexit policies for agriculture and land management
• Environmental policy and schemes
• Prospects for the profitability and business change

Jeremy Moody, CAAV and David Missen, MHA

The second part of this double session will cover topical issues including:
• Strategic survival planning
• Succession
• Business structures
• Agricultural Tenancy Reform

Conference speakers

David is Head of Agriculture at MHA, and a former partner in, and consultant to Larking Gowen.

Jeremy is Secretary and Adviser to the Central Association of Agricultural Valuers and an independent adviser.

Pat joined Mercia in 2008 as a tax consultant lecturer bringing a wealth of experience with her. She originally trained and worked in the profession for Ernst & Young, Grant Thornton and KPMG before moving to the University of Derby as their senior tax lecturer. Her time at Derby included undergraduate and professional tax training as well as being involved in examinations and publishing projects for ACCA and other professional bodies.

This led to a ten year period with the Financial Training Company now Kaplan where she was Tax Product Director for the Midlands as well as becoming well known as a prominent exam based tax lecturer. She was also involved during this time with significant publishing projects for the company and other professional bodies.

Over her career Pat has been actively involved in the tax professional bodies including serving as a Council member for 12 years for the Association of Taxation Technicians.

Graham is Partner and agricultural economist at The Andersons Centre, agribusiness consultants. The team provides specialist agribusiness research services, forecasting, training, briefings and project work. Graham is also the editor of the John Nix Farm Management Pocketbook. Before joining Andersons, Graham was the economist for a major agricultural merchant, focussing chiefly on grain marketing and animal feed. Prior to that, he worked for a farm management consultancy in Central and Southern England. Graham has agricultural degrees from Leeds and Reading Universities.

Charles runs a diverse farming business at Spinney Lodge Farm, covering contract farming, industrial units, B&B pigs, sheep, cattle and also a Bed and Breakfast on the farm. He has also recently been through the process of succession planning for their farm business.

One Day Conference