Protect your quota from farm business tenancies

摘要

With an expected boom in the amount of land up for rent with the introduction of farm business tenancies this month, Ian Potter gives a timely warning on one pitfallthat could affect unwary milk producers. It's a complicated start to this month's contribution, I'm afraid, Complicated, but necessary - especially if you are thinking of expanding your farm through a new farm business tenancy (FBT) agreement. I'd just like to air a word of warning to all dairy farmer tenants on the new FBT law, which comes into effect on September 1. Befor e you take on a FBT you must ensure that any quota you take on to the holding is covered in a written agreement and the landlord has given his consent to what will be deemed an intangible advantage before the tenancy commences.