Financial stability in farming and insights from the new CLA president

By Andrew Heskin, Partner and ARA specialist

The agricultural sector is at a pivotal moment, with significant changes and challenges impacting its financial stability.

The recent appointment of Victoria Vyvyan as the 56th president of the Country Land and Business Association (CLA) brings a fresh perspective and a call for improved policies to support the rural economy.

Victoria Vyvyan’s vision for the rural economy

Victoria Vyvyan, taking over from Cotswolds farmer Mark Tufnell, steps into her role at a crucial time for farming and the rural economy. Her appointment as CLA president is a significant step towards addressing the current challenges faced by the rural community.

The challenges ahead

Ms. Vyvyan highlights several key issues impacting the sector:

  • Cost of living crisis – Rural communities are currently facing severe financial pressures due to the rising cost of living.
  • Phasing out of the BPS – The gradual elimination of the Basic Payment Scheme (BPS) poses a significant challenge for farmers, affecting their financial stability.
  • Need for supportive policies – There is an urgent need for political parties to develop policies that support a thriving rural economy.

The CLA’s role and campaigns

As the new CLA president, Ms. Vyvyan is committed to championing the next generation of rural businesses. Her focus is on ensuring adequate funding and skills provision to support these enterprises.

The CLA’s Rural Powerhouse campaign, which she supports, emphasises the potential of the rural economy. By addressing the 19 per cent productivity gap compared to the national average, the rural economy could contribute an additional £43 billion to the national GDP.

The role of farmers and landowners

Farmers, landowners, and rural businesses play a crucial role in the nation’s economy. They are not only instrumental in food production but also contribute to job creation, housing, climate change mitigation, and environmental safeguarding.

In these challenging times, it is more important than ever for farmers to stay informed and prepared.

Our team is ready to help you understand and adapt to the evolving economic landscape, ensuring the sustainability and profitability of your business.

Contact us today to discuss how we can support your financial goals and contribute to a thriving rural economy.