Experts from a Peterborough company are carrying out new work to assess the rate of change in the farming community.
Accountants and tax advisors Bulley Davey will be asking attendees at the LAMMA show at the East of England Showground to help assess the region’s rapidly changing agricultural economy.
Attending the UK’s largest farm machinery, equipment and agricultural services show for the first time, Bulley Davey will be conducting their inaugural bench-marking survey of regional farms and Agri-connected businesses.
Over the last few years, a growing number of farmers have taken the decision to diversify their businesses and to establish an additional cash flow away from growing crops or raising animals.
Bulley Davey has seen a steady increase in the number of farms with renewable energy projects, predominately solar arrays.
Some farms have also taken advantage of their locations investing in holiday lodges or venturing into the world of ‘glamping’ or glamorous camping.
Director at Bulley Davey, Rachael Dudley, said staff would be asking attendees to help with their inaugural survey of regional farms and agri-connected businesses to assess how the industry is changing.
The results of the survey will be revealed at Bulley Davey’s farming briefing seminar to be held at the firm’s Peterborough office in Hampton on March 5.
She said: “It’s sensible to diversify and secure additional streams of income, furthermore it’s vital to protect these investments.”