Joel Woolf, partner and head of our agriculture and rural business team, looks at one of the consequences Brexit could bring for agriculture businesses and how to take advantage of the opportunities - particularly in relation to owner manager when compared with tenant farmers.
"I believe that through Brexit and in the aftermath, tenanted farms are going to become the powerhouse of the industry. That will be controversial to many, but when you consider that the vast majority of business premises in the UK are rented, it is not such a heretical statement. A move to more tenant farmers would simply be a move to align agriculture with the rest of UK businesses. Getting the relationship right The trouble is in order to get the best out of the shift, for both landlords and tenants there needs to be a massive shift in expectation between the parties."
Let's not as an industry take the easy option and just accept any old tenancy document. With Brexit changing the agricultural landscape around us, let's take control of farm business tenancies and make them fit and agile in that changing world and set the farm businesses which they underpin to succeed, rather than to stagnate or worse fail in the face of trade agreements with other parts of the world. The industry has to do this for itself. We cannot rely on the government and we should all be proud to be part of an industry and make it the best that it can be.