Farm Management Changes
Does your farm management structure really work for your business?
Have you fallen into the common trap of ending up doing everything on the farm yourself? From feeding the cows and driving the tractors to doing all the paperwork including payroll, accounts, cross compliance records, Basic Payment Scheme, health and safety and more.
For some businesses this works very well, and of course no-one knows your farm better than you do. Too often however we see farming businesses struggling to keep up with all the different elements, especially when rules and regulations change so regularly. Perhaps your farm has undergone significant changes already for example a new enterprise or change in available labour or family members?
A range of options are available to alter the management of the business, retaining as much or as little control of the different elements as needed.
Options can range from:
- Employing a farm manager to take the reins of the day to day running of the business
- Employing farm secretarial help for things like book keeping or livestock records
- Using agents and advisors for help with Basic Payment Scheme, cross compliance, health and safety, human resources
- Renting out some or all of the farm
- Entering into a joint venture, contract farming or share farming agreement
- Planning for the next generation to become more involved in the management of the business
- Altering business structures e.g. taking on a new partner or becoming a limited company
Sometimes it is crucial to take a step back and objectively assess where the business is going and what management structure would work best; quite often someone from outside the business can see things which you may have become blind to over the years. If you would like a professional, confidential and unbiased discussion or assessment of the business then please do not hesitate to contact us.