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Teagasc Farm Business Conference

Teagasc brought rural professionals who work with farmers together for a Farm Business Conference themed ‘Professionals working together’ in Tullamore today, Thursday, 26 November. There are a lot of different professionals working in the agri sector like solicitors, accountants, and agricultural consultants.

Teagasc has identified the need to work more closely with these professionals for the benefit of mutual clients. This is particularly relevant when farmers are making decisions on land access, taxation, succession and carrying out business analysis.

Speaking at today’s event, Fintan Phelan, Head of Farm Management Department in Teagasc said: “The key focus for today's event was to share information, from Teagasc advice and research with others offering services to farmers and those living in the rural countryside.“

During 2014/15 there have been significant events that have affected the sector. These include the new Common Agricultural Policy payment regime, the milk quotas for dairy farmers being removed, the agri taxation review being completed and the Food Wise Strategy for the agricultural sector being published.

At today’s event a new publication “Guidelines for Long Term Land Leasing” was launched by Andrew Doyle TD, Chairman of the Oireachtas joint committee on Agriculture, Food and the Marine. The document is intended as a guidance document for farmers and landowners who are considering long term land leasing.

Tom Curran, Teagasc collaborative farming specialist said: “Long term land leasing makes sense for an awful lot of farmers and landowners. This booklet provides them with the first step in gathering the necessary information to help them make the best decision for their business.” Another Teagasc publication, Farm Succession & Transfer Guide was also available to attendees.

Information was provided from the Department of Agriculture, Food and the Marine in relation to the new Basic Payment Entitlements, the Agri Tax Review and Registered Partnerships. The Revenue Commissioners were also represented and gave presentations on the newer structures in farming such as share farming partnerships and incorporation.