25th November 2025 ❘ ,

Agribusiness Planning Breakfasts – Pre-Empting the Budget

Agribusiness Planning Breakfasts - Pre-Empting the Budget

 

We joined forces with Armstrong Watson, H&H Land & Estates and Virgin Money last week to offer two Agribusiness Planning Breakfasts – one in Carlisle chaired by Adam Day from The Farmer Network and one in Newcastle chaired by Oliver Maxey from Virgin Money.

We had a great turnout for both events, some interesting presentations with useful tips, followed by an open discussion and question and answer session which proved really insightful. Much of our conversation centred around inheritance tax, planning and industry matters.

We don’t know what tomorrow’s Budget will bring, but in case you couldn’t make the breakfast events, here are some key takeaways, helpfully summarised by Rob Cleasby at Virgin Money, which we hope will be of use:

  • From the Banker: Be positive, the industry is resilient, structure debt to cash generation.
  • From the Auctioneer: Beef and lamb prices are expected to remain strong.
  • From the Solicitor – Plan succession earlier rather than late
  • From the Accountant – plan for how you want ownership to look, don’t make it overcomplicated for the next generation.
  • From the Land agent – work out who owns what, an accurate valuation of assets is crucial.

Our Agribusiness Partner Richard Miller said:

“Careful planning, professional advice and continuous adjustment are all essential for farming businesses at the moment.  Understanding your affairs and interests is now essential and can no longer be put off. Having the necessary conversations with your family, with the input of your trusted advisors, will prove highly beneficial in the years to come.”

Our Agri and Estates team can help you navigate change and support you in your succession planning – please just get in touch to find out more.