Is your Farm Business Survival Kit Fit for the Future?
Wednesday 25 October 2017: 4 – 7pm
The Monks Yard, Horton Cross Farm, Ilminster, Somerset TA19 9PT
Price: £30 inc VAT CLA members (additional family members FOC); non-members £40; Students & YFC members £5 followed by hot fork supper
Supported by: Rural Solutions, Milsted Langdon, Parnalls and HSBC

There is real concern across the industry that too many farmers and land managers do not have a clear financial understanding of their farm business enterprises – and they need to act now to make sure their survival plan is going to work.

Understanding how to create and sustain a business-fit farming regime to ensure a profitable business moving forward should be at the top of every farmer and landowner’s current agenda.
Having an awareness of the potential risk to agricultural payments and knowing what that might do to an individual farm’s profit and loss account, will be a vital element to the future proofing of many farm-based businesses. Writing a meaningful and achievable business plan and the consideration of other investment opportunities will be a critical part of this.

With the unpredictability in the agricultural sector, each rural business needs to evaluate its asset portfolio to ensure that financial viability is maintained and that opportunities are maximised where they are appropriate for the long-term strategy of the business.

Lenders are now frequently asked to “stress test” your financial conditions as well as the agricultural portfolio – the question is, is your survival kit up-to-date and fit for purpose?

This event will look at the management of rural businesses, risk management tools and opportunities to grow and move forward with the intention of safeguarding the farm business for future generations.

This seminar will examine:

• Methods to evaluate the current business with business intelligence
• Reviewing your financial viability
• Taking the right strategy for your business
• Making a wise investment
• Capitalising on your existing assets
• Considering new opportunities
• A bank’s perspective
• The approach
• The business plan
• Diversifying – top legal tips to succeed
• What you should be doing to make sure you can secure any required funding to diversify
• Alternative means of financing projects
• Engaging with the next generation – family and employees

Speakers will include:

• James Del Mar, Rural Solutions
• Ian Lloyd, Partner, Milsted Langdon, Accountants
• Louis Mathers, Director Parnalls Solicitors
• Euryn Jones, ‎Regional Agriculture Director, Wales and South West at HSBC Commercial Banking

Click here to book