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Farm Business News

2012-01-04

BANKS APPROACH TO FARM FAMILIES MUST MAINTAIN VIABLE BUSINESSES

At the start of 2012, IFA President John Bryan has called on all banks to engage constructively with farmers and small businesses, whose debt levels are threatening the viability of otherwise sustainable businesses.

2011-12-13

CAPITAL ASSET TEST FOR 3RD LEVEL ELIGIBILITY NON-NEGOTIABLE - IFA

IFA President John Bryan said the Association is utterly opposed to any attempt to apply a capital asset test on farm families to qualify for 3rd level education grants. He said, “This is non-negotiable as far as farm families are concerned and will be resisted by IFA.”

2011-12-06

RETENTION OF RELIEFS AND INCENTIVES A STRONG SIGNAL FOR FARM RESTRUCTURING AND LAND MOBILITY

IFA President John Bryan said the taxation measures for farm transfer, investment and land mobility in today’s Budget recognised the potential of the agriculture sector to achieve the expansion and growth targets of Food Harvest 2020 and to contribute to Ireland’s economic recovery. However, the reduction in the CAT/transfer tax threshold to €250,000 is an excessive drop, and the increase to 30% in the tax rate on the balance, will impact negatively on the transfer of commercial farms.

Other News

Accountancy Survey

IFA recently undertook a nationwide survey of Accountancy Fees, including data such as the average fee, accountancy provider, customer satisfaction and type of services. The purpose of the survey is to provide IFA members with information which may be of assistance in their farm businesses. Please click here to read more.

Credit Record Sheet

Farm Credit Assistance
IFA Farm Business Committee is committed to providing the information, resources and support to help farmers deal with their situation and give guidance on professional support. IFA is providing a Confidential Helpline to assist farmers with financial difficulties: 1890 924 853. A Credit Record Sheet is available to download which will allow IFA Officers assist farmers with their individual credit case.
Please click here to download the IFA Credit Record Sheet

Your Buisness Your Bank

Your Business, Your Bank - A Guide to Accessing Credit.

The Credit Supply Clearing Group, set up by the Department of Finanace and Enterprise, on which IFA is the farming representative, has produced a guide to SMEs and farm businesses with guidelines and assistance on accessing credit. Please click here to access guide.

Land Leasing

Click here to download the IFA Newsletter on Land Leasing

Click here to download Master Land Lease

Links

Spouse Partnerships - see IFA information on this and SW124 form

Spouse Partnerships - Pensions