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ICAEW Farming and Rural Business Conference 2019 highlights

The best bits from this year's Farming & Rural Business Community conference.

The conference opened with NFU vice president, Guy Smith, giving us his views on how he saw the industry, and his farm, performing after Brexit. After reminding us that the key issues of weather, politics and prices would always be relevant (and a drought had once resulted in the Sun newspaper sending a rain dancer to his farm). A combination of drainage, water storage and pricing tools would be used to mitigate these risks.

He favoured diversification, but not to the extent where the diversification income might subsidise inefficiencies in the core business. In future, UK farms would need to move towards “net zero” carbon emissions, something which might be achieved by: