Recorded on 28/09/2022 - 29/09/2022
This two-morning online conference will cover the current economic and financial position of the UK farming industry, together with the outlook for the future in the light of current government policy.Specific subjects will include agricultural economics, banking, the view from DEFRA, green farming and renewables. There will also be a taxation update, a speaker from an agricultural mental health charity and working farmers who will provide hands-on perspectives.Delegates will take away an oversight of the industry as it stands and see where it may be going in future, the pressure being experienced by those in the industry, and the areas in which the help of professional advisers is essential.
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The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
Chairman’s welcome and introduction
David Missen, ICAEW Farming & Rural Business Community Subject Matter Expert
Keynote: Future Farming and Countryside Programme - Farming reforms and next steps
Briony Turner, Head of Strategic Policy in the Future Farming Countryside Programme at Defra joins us to look at the latest developments in the process of the changing subsidy regime - and how members, as professional advisers, can help.
Update on UK farming: a look at current trends, policy changes and profitability outlook
Richard King, Partner & Head of Business Research at The Andersons Centre, provides an overview of the prospects for the farming industry looking at policy, markets and profitability.
Sowing the seeds to improve mental health in agriculture
Emma Haley, Charity Manager at YANA has worked in the charity sector, and mental health, for over 12 years. Emma is also a Trustee of HOPE after Suicide Loss, a charity that supports those bereaved by suicide. On a day-to-day basis Emma is focused on leading YANA through a phase of development and growth, ensuring the services are the best they can be at all times.
A working farmer's perspective - Gareth Wyn Jones, Farmer
Gareth’s family have farmed at Ty’n Llwyfan, for over 370 years. The farm breeds 3,500 sheep and 300 head of cattle. He features regularly on mainstream television, is an author of a bestselling book, a regular contributor on social media and is known as the “tweeting famer”. He constantly seeks to educate the public about sustainable / seasonal food, farming, it’s heritage, time honored traditions and its challenges.
Tax update - Ros Martin, Tax Consultant
There are a lot of developments at the moment - MTD, the transitional relief, potential changes in capital allowances, ATED, Stamp Taxes and all the implications of green farming - Ros will look at recent legislation and how it will affect our farming clients
Chairman's round up
William Nixey, Chair, ICAEW Farming & Rural Business Community
Bank finance for the estate and farm market
Mark Ashbridge, Managing Director at Ashbridge Partners will be covering the rural finance sector, interest rates (where next?), fixed rates & protection as well as reviewing green finance and how this will impact the finance market.
Keynote: Funding the food chain of the future – to seize the opportunities which will appear. What has changed and what hasn’t?Allan Wilkinson, Head of Agrifood & Sector Heads, HSBC UKInflationary pressures, climate change and sustainability requirements all seem to make Brexit and the aftermath of the Covid pandemic potentially distant memories. How do businesses take all this in their stride and move forward with their plans and seize the opportunities which undoubtedly will appear? What will their funders continue to look for, whether on farm or further along the food processing chain? What strategies will be needed to operate at pace and with success?
Monetising natural capital for farmers, a pragmatic view
David Meredith, Principal Rural Business Consultant at DJM Consulting will discuss what is natural capital; exciting opportunity, it’s where the world is heading; existing monetising opportunities (nutrient neutrality, BNG etc); pitfalls and traps for farmers.
Sustainability and the rural economy
Mark Lumsdon-Taylor, Partner, MHA Macintryre Hudson joins us to give us the run down on the political perspective of agriculture and food, cutting through the green noise and tips for SME businesses.
Connecting data - the opportunity for UK agriculture and the role of the accountant
There are exciting opportunities for accountants to support the connectivity of UK Ag. David Kirby from Figured discusses the role the accountant can play in supporting farmers and others to access quality financial and production data in order to make better decisions.
ICAEW Farming Committee - Panel session
The ICAEW Farming Committee gather for a panel session covering topics including; how farmers are reacting to the subsidy cuts, getting to grips for the change of basis period and the tax consequences of greening. This is your opportunity to raise your questions and opinions on the points covered by our speakers over the past couple of days.
David Missen, Consultant, Larking GowenDavid is a former partner, and consultant to Larking Gowen. Based in East Anglia, specialising in agriculture and associated private client work, David has an in-depth understanding of the issues affecting businesses and individuals in the farming industry.
Richard King, Partner & Head of Business Research, The Andersons CentreRichard was brought up on a mixed family farm on the Oxfordshire/ Buckinghamshire borders. He attended Harper Adams College, Shropshire and gained a BSc (Hons) in Rural Enterprise and Land Management and qualified as a Chartered Surveyor in 1997. Richard joined Andersons' Research team in Melton Mowbray in 1998. The team analyses and interprets agricultural policy and market developments, and provides specialist business research, training, briefings, and publishes information. He became editor of the Agricultural Budgeting and Costing Book in 2000 and joined the Andersons Centre Partnership in 2003. He is a member of the CAAV’s Farming and Environment Committee.
Emma Haley, Charity Manager, YANAEmma Haley is the Charity Manager at YANA, the local rural mental health support charity. She has worked in the charity sector, and mental health, for over 12 years. Emma is also a Trustee of HOPE after Suicide Loss, a charity that supports those bereaved by suicide. On a day-to-day basis Emma is focused on leading YANA through a phase of development and growth, ensuring the services are the best they can be at all times.
Gareth Wyn Jones, Working FarmerGareth Wyn Jones is the nation’s favourite farmer. Born in the beautiful Carneddau mountains in North Wales, he has lived all his life at Ty’n Llwyfan, on the windswept slopes where his family have farmed for over 370 years. The farm breeds 3,500 sheep and 300 head of cattle. He features regularly on mainstream television, is an author of a best-selling book, a regular contributor on social media and is known as the “tweeting farmer”. He constantly seeks to educate the public about sustainable/seasonal food, farming, and its heritage, time-honoured traditions and challenges.
Ros Martin CTA, Tax Consultant & LecturerRos Martin CTA is a consultant and lecturer covering all aspects of direct tax and Stamp Duty Land Tax. She was an Inland Revenue fully trained Inspector until 2000 when she left to become a consultant advising on tax planning for large and small businesses and individuals as well as dealing with full and aspect enquiry work. Her clients are mainly small and medium sized accountants and the consultancy work gives a particular opportunity to understand the key issues of concerns for such professionals and consider the practical aspects of the application of legislation.
David J Meredith, Principal Rural Business Consultant, DJM ConsultingDavid Meredith is the Principal Rural Business Consultant at DJM Consulting, a consultancy firm that he started in 2004, which has since expanded and gone from strength to strength. With over 30 years of working for farmers, David is able to draw on his wealth of experience and expertise to the benefit of his clients and tribunals. His enthusiasm for all things rural coupled with his gentle approach, grit and determination to succeed for his clients on every task has proved invaluable.
David Kirby, Executive Vice President, Europe & Americas, FiguredA Yorkeshireman with an interest in tech and innovation, David moved to NZ for a few months… which eventually turned into five years. He has previously led strategy and change across retail, banking and supermarkets both in the UK and New Zealand. With a head for transformation, innovation and thought leadership, he is now leading the charge for Figured in the UK
Mark Lumsdon-Taylor, Partner, MHA MacIntyre HudsonMark specialises in the rural business, agriculture, horticulture, food manufacture, education and healthcare industries as well as supporting organisations from a wide range of sectors to develop and deliver impactful sustainability and ESG strategies.
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