Today those working in the rural sector have seen an increase in extreme weather events and market volatility, along with a raft of new farming, environment, planning and housing policies.
The changes to the inheritance tax regime announced in the Autumn Budget have also thrown up significant challenges. Against this backdrop, the question many land managers are grappling with is how best to future-proof the long-term viability of their businesses.
That’s why the theme Strutt & Parker have chosen for their latest issue of Land Business is that of building resilience. It is a topic which is incredibly multi-faceted, but one they believe will underpin the long-term prosperity of estates and farming businesses. It straddles everything from proactive financial management and making the most of the grant schemes currently on offer to finding new income streams from development opportunities, renewables and natural capital.
For Strutt & Parker’s rural experts, a resilient business is one that is focused on doing the basics brilliantly, while at the same time embracing a mindset of innovation, adaptation and growth. It’s not just about being ready to withstand the shocks, but having the vision to turn adversity into opportunity. Of course, underpinning everything needs to be consideration of environmental performance, implementing practices which support nature recovery, reduce carbon emissions and cut pollution.
To find out how building resilience can help build rural businesses, visit Land Business Insights at Strutt & Parker.
