Agriculture and the woodland resurgence

The industry has become a lightning rod for criticism and as a result, the way people farm and manage land is likely to change.

This comes as agricultural subsidies are in a state of flux, and it’s increasingly likely that farmers and rural landowners will see benefits for providing environmental solutions to the wider community. This includes a drive to plant more trees, and farmers with marginal land could see significant uplifts in profitability through tree planting.

In addition, forestry already has a raft of tax benefits. All income from timber sales is exempt from income tax and there are various inheritance and capital gains tax benefits in relation to planting and managing woodland. Meanwhile demand for timber far outstrips supply.

The subsidy regime is in a state of transition as the UK leaves the EU. To assess your options, speak to our forestry team.

Edward Holloway, Rural Asset Management