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A Major Dairy Farm Expansion enabling a farmer to scale up from 550 to 1000 milking cows

Project summary

  • A successful and progressive Estate tenant wanted to significantly increase the size of his dairy herd but was constrained by the existing buildings
  • A major development of the farm buildings proposed and undertaken by landlord and tenant in partnership

Solution

  • Feasibility study undertaken on behalf of Landlord client to establish strengths, weaknesses, opportunities and threats of the proposal in general
  • Tax planning discussed with other Estate advisors and transfers undertaken prior to work being commenced
  • New longer term farm business tenancy agreement at an enhanced rent negotiated
  • Planning permission for new dairy, cow accommodation and slurry facilities obtained
  • Building contract let and supervised through to completion

Benefits

  • Significant improvement to principle Estate farm and increased value
  • Secured a highly regarded existing tenant on a long lease
  • Significant uplift in rent was achieved, reflecting a good return on the Landlord's investment
  • Future proofing of the farm
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