MHA Agricultural Insight 2016
The agriculture sector extends beyond the bounds of business, it is a way of life. In addition to facing the challenges and pressures faced by other sectors, there are external, uncontrollable factors that are unique to agricultural businesses.
MHA conducted a survey at the recent LAMMA 2016 show which identified the issues currently facing the agricultural sector. This report builds on similar surveys carried out at Lamma and Cereals over the last two years and is based on over 80 responses from farmers about their concerns for the coming year. The findings will no doubt prove insightful, identifying the key expectations and concerns of those in the agriculture sector as we move further away from the effects of the recession.
Key trends consistent with last years results include:
Continued desire for growth and diversification, but less optimism than in 2015.
A slight decrease in the number of those undertaking cooperative farming arrangements.
A growing concern about succession planning and handing down the business.
Continued confidence among respondents in approaching their accountant as their main source of guidance and support.
At MHA our knowledge of the sector is second to none. We have significant years of experience of acting for agricultural businesses of all sizes. Collectively, we act for over 1,600 agriculture clients. Our team of specialists take the time to understand the challenges facing the sector and apply this understanding in order to cater to the unique case of each client.
We would be delighted to assist you further. Please contact your local member firm if you would like to discuss any of the issues raised in this report. To download the report please click on the link below.