Farm input cost rises have slowed significantly over the past few months. The Anglia Farmers agricultural inflation index shows input prices have increased by 1.53% over the six months between August and February 2012. This is a huge difference to the rise for the 12 months to August 2011 of 13%.
Costs such as seed and fertiliser have actually fallen over the period. However increases in land rents, labour costs, fuel and feed have kept the inflation figure positive. The cost of...
The current Euro crisis and the uncertainty of Greece’s future is something we have all been aware of over the last month. But do we really understand the possible effect it may have against UK agriculture?
Subsidy payments are calculated in Euros. Farmers have been watching the euro-pound exchange rate over many years as it has a big impact on their income.
If Greece is forced to leave the Euro it is possible the currency could decline, making it weaker than...
Farmers are urged to take advantage of the current tax reliefs available, as from 6 April 2012 changes will be made that will reduce the savings possible on investments made in plant & machinery.
Capital Allowances have been quite generous for the past couple of years, with 100% tax relief on investments in new equipment up to £100,000 and 20% tax relief on any expenditure above this.
But as of 6 April 2012 the tax relief is to be reduced to:
·...
