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A
Henry Stewart Briefing Owning
farmland, of whatever type and quality, is a business IT CAN
NEVER BE VIEWED AS A PASSIVE INVESTMENT. It is also a collection of
businesses (a conglomerate if you will) with food production, in some
cases, not the core business. How
much your farm is worth is dependent to a large degree on the collective
value of these businesses but only in part. Farms are also
often residential homes or collections of homes. So what your farm
is worth is the product of both the value of one or more businesses
and possibly one or more homes. The whole may be worth more than the
sum of the parts but more likely the parts will be worth far more
as separate units than when they are assembled together in a single
entity the farm. A
great deal is happening that affects farm values, the mid-term review
of the Common Agricultural Policy has now been completed, leading
to a new world of decoupled support payments. Residential property
values continue to underpin average farmland prices, with non-farming
purchasers a significant factor in supporting prices while incomes
from farms are increasingly supplemented by a diverse range of enterprises
and many former agricultural buildings have been converted to commercial
or light industrial uses. In addition, environmental stewardship is
an emerging business activity and all farmland now has the potential
to generate an income from it. This
briefing brings all the disparate pieces together. It answers two
fundamentally important questions:
It
also considers the alternative perspectives of investors, lenders
and taxation advisors, giving delegates a rounded view of farm values.
It
is PRACTICAL, RELEVANT and packed with real world case studies. It
is the guidance agricultural land-owners, agents, funders and
advisors need at an uncertain time in the market. Full
documentation will be provided to all delegates and adequate time
set aside for questions and discussion. Friday,
30 September 2005 |