Following the budget: practical advice for farm businesses

After Chris’ usual report and following on from last week’s episode on the Governments new Budget, Will and Ben are joined by Rob Hitch, Partner at Dodd Accountants and Alex Jack, dairy farmer from Fife, to discuss what farming families and businesses can practically do to make sure they are fit for the new legislation. Rob outlines some advice to farmers in terms of working out assets and risks and what can be done to mitigate some of these, emphasising the importance of acting sooner rather than later and having plans and open discussions around succession. Alex introduces her family business & how this she sees this affect them, highlighting the importance of seeking advice from the right professionals to make sure people don’t get caught out.