Farm Diversification

Farm diversification is an increasingly important theme in the farming world. Price volatility, rising supply and labour costs and the prospect of higher and more dependable revenues through other streams are driving farmers and landowners alike to explore new ways to capitalise on the potential of their land and identify new revenue streams.

Our Rural team advises farmers and landowners throughout Cornwall and Devon on a wide range of ventures, helping them to maximise their chances of success while controlling the risks associated with moving outside their core business experience.

Our team draws on the commercial, tax, employment and property expertise of colleagues around the Coodes network, to develop practical advice and solutions across a wide range of diversification initiatives, including:

• Farm shops
• Artisanal / craft products and brands
• Commercial units
• Leisure, camping and caravan parks
• Carbon sequestration and carbon credits
• Renewable energy

With our roots in the farming community and extensive experience supporting clients to launch and scale new ventures, we know the kinds of challenges you may encounter and can help you to anticipate and mitigate potential issues and maximise your chances of profitability. We have advised diversifying farmers and landowners on issues such as:

• Planning and land use
• Taxation – inheritance tax, capital gains tax and VAT
• Restrictive covenants
• Health and safety
• Public liability
• Employment
• Commercial contracts

Whatever venture you have in mind, we can help you with up-to-the-minute legal expertise and commercial insight informed by an understanding of, and empathy for the concerns of the rural and farming community.