Land Based Businesses HMRC Open Day

LAND BASED BUSINESSESPROBLEMS AND SUCCESSES

Cheltenham

February 10th 2010

HMRC Business Advice Open Day

Roger SmithAgricultural Adviser, Business Link

Industry Economics

•European agriculture heavily subsidised

•Since 1996 there have only been four years when TIFF was positive without support

•Support paid in Euros

•WTO Doha Development Round talks stalled

•SP post 2012?

•Modulation – currently 19%

•Importance of Pillar 2

Total Income from Farming With and Without Direct SupportDate TIFF TIFF less

support1996 £4.7 billion £1.8 billion

2000 £0.6 £(0.9)

2003 £2.9 £0.2

2006 £2.3 £(0.6)

2008 £3.4 £0.3

2009Source: DEFRA/Andersons

£3.0 £(0.2)

Industry Issues

•World Population

•Water

•Cereal production needs to rise by 50%

•Bio fuels

•Climate change

•R & D

•Regulation

•Marketing

UK Issues

•Farmers age

•Succession planning

•Marketing

•Diversification

•Adding value

•Use your assets

•Renewable energy

•Soils and erosion

A Guide to Business Support

Business Link’s Rural Enterprise Gateway

RURAL DEVELOPMENT PROGRAME FOR ENGLAND

Programme ends in 2013

£157 m

Farmers are the main beneficiaries

Some other Rural Micro businesses may be eligible

£7m for “social enterprise”

ACCESS TO RDPE FUNDS

Capital GrantsBrokerage1:1 ConsultancyDevelopment VouchersR4FS4PSWHILISocial Enterprise

•If you have a Rural Client Enquiry, please do pass it by the REG Team and we will try and ‘Squeeze’ some sensible guidance out of the various schemes.

•Roger Smith: 07979 518589

•Chris Lyons: 01275 370959

Finally:

RPDE Website:

www.sw-ruralgateway.info

This presentation is available at:

http://www.businesslink.gov.uk/southwest/eventspresentations