There is a continued lack of detail on the subsidy regime for farmers in Scotland post-2025, although it is clear that as well as food production, measures to capture carbon and improve biodiversity will be rewarded. In England the policy framework is much clearer, although we are traversing a period of political upheaval.

The good news though for all of us in the rural sector is that there are numerous – and very significant– reasons to have confidence in the future.

Demand for land and for rural property remains at an exceptionally high level.

Consumer interest in high quality meat and produce shows no sign of abating, and the same is true for leisure and tourism opportunities such as glamping and farm stays.

The planning regime for development of existing rural businesses remains relatively benign and politicians are beginning to take rural crime more seriously.

As ever a balance needs to be struck between the competing pressures on landowners. Since the war in Ukraine began, there has been greater recognition of the importance of domestic food production and our excellent animal welfare standards.

In this issue we outline opportunities for landowners including renewable energy projects and basic payment entitlement trading, as well as providing much food for thought on the issues of land reform, food security and energy efficiency.

It would be remiss of me not to mention the passing of our dear friend and colleague, Colin Stewart.  Colin was a well-respected advisor to the rural fraternity and many of our client base have benefitted from his calm persona and very knowledgeable advice.  The loss of Colin has been a great shock to us all at Galbraith, both his expertise and his friendship will be sorely missed.

Ian Hope.
November 2022.