A PACKED room of more than 200 farmers and rural landowners came together to hear about the need for diversification in their farming businesses which a ‘no deal Brexit’ will create.

Exposure to World Trade Tariffs means that beef and sheep farmers may face some tricky times ahead if ‘no deal’ can be agreed.

Cooper & Tanner with Lloyds Bank, Old Mill and Laurence Gould provided their view on how farmers can overcome these difficulties.

Mark Shepheard of Laurence Gould Farm Consultants from Langport spoke about future subsidies and the effect of a deal/no deal scenario whilst Tim Hector, partner at Cooper & Tanner, explained the proposed grant system and diversification projects such as Q Class Development.

Mark Seager and Ricky Haines of Old Mill explained how important budgeting and tax planning can be when thinking of diversification whilst Victoria Read and Neil Wright, regional relationship director of Lloyds Bank talked about lending criteria.

All speakers were keen to let farmers present know that all firms were open for business and that any short term blip may only be relatively short term.