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Is your contract farming all it’s contracted to be?

contract-farmingContract Farming is becoming more and more popular due to the tax benefits to the landowner/farmer.

However if the correct contract is not drawn up from the outset, the tax benefits which make it a viable farming option could be lost.

The main principle of a Contract Farming Agreement is that the landowner/farmer is trading as a business complete with the usual risk of making a loss.  If they are not then it is unlikely the landowner/farmer will benefit from the tax reliefs available.

If you would like to discuss matters relating to contract farming, please contact the Rostons Team on 01829 773000.