Protecting the wealth of a farming business calls for a range of experienced lawyers, says David Wood
The rural sector is facing legal and practical challenges because of the impact of covid-19 and Britain’s withdrawal from the European Union.
The sector has changed hugely over the last 150 years, having endured the great agricultural depression which lasted for the better part of 80 years until after the Second World War.
Food security was high on the political agenda and at the end of the war food production needed to be maximised. This resulted in the Agricultural Act 1947 which provided for generous guaranteed prices for major agricultural commodities.
UK agriculture thereafter enjoyed a period of price stability, and prosperity in farming advanced quickly. Since the 1970s, costs have continu...