Speaking at the firm’s bi-annual Rural Conference in Chipping Campden, James Spreckley said: “Change continues to characterise the agricultural sector as it grapples with the phase-out of the Basic Payment Scheme and the ever-growing focus on natural capital, the climate emergency, and habitat enhancement.
“Combined with market forces such as the war in Ukraine, high inflation rates, and rising agricultural costs, farming businesses face a challenging climate and are having to look at new ways to bridge the financial ‘gap’ that is forming.
“But the rural sector is adept at adapting and embracing change and is currently seeing speculative investment funding coming in with an eye on carbon sequestration opportunities, as well as significant changes to the basis for government support, with a growing focus on eco-system services such as biodiversity net gain. Accessing these new funding opportunities is going to be key to supplementing the returns from food production. Indeed, farmers are increasingly becoming managers of a mixed portfolio of land uses.”
Held at Lapstone Barn in the Cotswolds, Lodders’ Rural Conference attracted more than 100 delegates from across the agricultural sector including farmers, land agents, rural businesses, and accountants.
“We brought together a range of speakers from across the farming industry to discuss some of the ongoing changes in the agricultural world, as well as some of the key new opportunities for generating income.” James said.
The speakers included:
“Our Agricultural and Landed Estates team at Lodders continues to help clients with the ‘usual’ matters, such as land dealing, succession planning and partnership arrangements.” James explained.
“However, times are changing, and if farming businesses are to thrive, then it is hard to see how some engagement with carbon sequestration, net zero, and biodiversity can be avoided if access to funding is to be achieved or merely due to supply chain pressures.
“The range of legal support the firm offers to the rural sector is always growing and we have seen an increasing demand for help with land development and renewable schemes, and more recently with biodiversity net gain projects, as alternative sources of funding are sought out.”Contact us
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