Agriculture and rural business is an important sector of the Scottish economy, with vast areas of land under agricultural production. The sector forms the vital foundation upon which Scotland’s highly successful food and drink industry is built.
We work with partnerships, sole traders, limited companies and the individuals involved with these businesses, covering arable, cattle, dairy, sheep and mixed farms. We also work with the wider network of companies such as feed and machinery suppliers, retailers and sports and leisure businesses, all of which are important and integral parts of rural business life.
Our time-proven experience in the sector puts us in a strong position to advise clients on the issues that are important to them. This includes tax issues, inheritance planning, diversification, support in dealing with banks and renewable energy.
Our advice spans generations of farming families and we support our clients on key matters such as succession and effective tax planning to ensure a smooth transition to those taking over the reins of running the business.
Lucy Crow is head of our Agriculture & Rural Business sector group.
Working closely with our banking contacts to benefit clients is an important aspect of our work with rural businesses.
We support clients with securing funding, in particular, following succession. This involves preparing projections and cash flow forecasts for submission to the bank to support the funding application and providing ongoing advice to ensure all bank covenants are met, through the production of management accounts. This can result in a healthier cash flow position for the client, providing the opportunity to plan for future investment projects, including diversification.
You’ll find lots of helpful Agriculture & Rural Business articles on our website, covering a range of topics.