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Farm budgets, why even the most basic ones are important!

Chris Powell, Rural Partner in

Symonds & Sampson’s Devizes office, is well-versed in the preparation of farm budgets. He explains how they are an essential element to business decisions. Over the last few months I have lost count at how many times the farm budget has saved the day - or not - in several circumstances! Many farmers unfortunately see preparing a farm budget as a waste of time and money. I assist clients in preparing farm budgets for the whole farm and individual enterprises for lots of reasons. Recently I had a last minute phone call asking the simple question, “Will this next batch of layers cost me money?” Fortunately we have a budget set up for each chicken unit so five minutes later after adjusting the relevant changes in costing we had all the data to make a decision and NOT refill the unit. Another example recently was when an arable client was presented with the opportunity to take on a new block of land on either a contract or rented basis. We checked the data on current costings as well as new fertiliser and the increased diesel prices enabling us to put a detailed price forward and securing the extra block of land for the next five years. Having a set of working farm budgets is an easy process and habit to get into. Working with the correct advisor gives you the data to make quick and easy decisions. My philosophy when preparing budgets is to work with a client to gather the correct data and present it in a way that can be used and understood easily. The most successful people in life are the people with the best information!

Preparation of farm budgets is just one of the areas where Symonds & Sampson’s Rural Agents can assist farmers and landowners with the efficient running of their business. Contact Chris on 01380 710536 or our rural agents in your nearest office.

DUDSBURY ROAD GUIDE PRICE £875,000

This extremely spacious and attractive home • Four/five bedrooms & two/three reception rooms • 25ft Open plan kitchen/breakfast/family room • Three shower rooms, one bathroom • 19ft Balcony • Detached garage & parking

LONGHAM GUIDE PRICE £780,000

Recently modernised, spacious home • 2,500 sq ft of versatile accommodation • Four bedrooms & two reception rooms • One bathroom, one shower room • 80ft Private garden & garage • Within Hampreston School catchment

FERNDOWN GUIDE PRICE £650,000

Immaculately presented family home • Four double bedrooms • Dressing area & en-suite to master • Open plan living area • Southerly facing rear garden & integral garage

BOURNEMOUTH GUIDE PRICE £450,000

Modernised and extended chalet bungalow • Three double bedrooms • 60ft Private west facing rear garden • Single garage • Tremendous amount of scope and potential to be improved

FERNDOWN GUIDE PRICE £600,000

Modernised and extended bungalow • Three double bedrooms • One bathroom, two en-suite shower rooms • Occupying a good size corner plot • Single garage • Located approx.. 600 metres from the town

FERNDOWN £450,000

Immaculately presented duplex apartment • Three double bedrooms • One bathroom, one shower room • Lift & southerly facing balcony • Private 12ft roof terrace • Allocated parking & no onward chain

BOURNEMOUTH GUIDE PRICE £490,000

Recently modernised chalet bungalow • Four double bedrooms • One bathroom, one shower room • 50ft Secluded rear garden • Sought after location • Within Hill View School catchment

FERNDOWN OIEO £340,000

Superbly positioned detached bungalow • Well presented • Private enclosed rear garden • Single garage located in block • Approximately 700 metres from town • Offered with no onward chain

Ferndown Office, 6 – 8 Victoria Road, Ferndown, BH22 9HZ 01202 890890 | ferndown@hearnes.com | www.hearnes.com