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Castle Douglas First Stop In Scottish Farm Business Resilience Roadshow

Building a resilient farm business and successfully navigating the industry’s complex regulatory, economic and political landscape is the subject of a free event in Castle Douglas this month. 

The roadshow, organised by full-service law firm Ledingham Chalmers, together with property consultancy Galbraith and chartered accountants Johnston Carmichael, is the first of four sessions to take place across the country in November and December.

Topics for discussion include succession planning and capital taxes, as well as a national farm, land, estate and forestry update.

Linda Tinson, head of rural, land and business from the law firm, which has offices in Aberdeen, Edinburgh, Stirling and Inverness, will speak at all four events along with representatives from Galbraith and Johnston Carmichael. She said;

With huge challenges facing the agricultural industry and wider rural community in Scotland it is vital to take stock, create, develop and grow business resilience. At our upcoming events we will address how to work together with business advisors to maximise outcomes and be ready for change.

David Corrie, head of residential agency for Galbraith in Dumfries & Galloway said:

The recent increases in land values, and continuing strong demand for farmland and working farms, will boost confidence in the agricultural sector at a time of great uncertainty. There are still many questions to be answered with regard to the agricultural payments framework for the future, post-2021. 

Having said that, we know that many of the issues relating to succession planning, agricultural finance and farm diversification in Scotland will remain the same.  I am always amazed by the adaptability shown by farmers who cope with not only the vagaries of the Scottish weather every year but the raft of legislation handed down by politicians. There are many issues to be considered but there are also good opportunities for astute farmers in Dumfries & Galloway.

Billy Cleland, Tax Director from Johnston Carmichael’s Edinburgh office, said:

The landscape for farmers is constantly changing and it is so important to make sure your farm business is resilient to cope with these changes.  We hope to touch on some of the key points at this seminar.