Welcome to our Autumn Newsletter
It remains a peculiar time, particularly after the turbulence of the recent “mini-budget” and pandemonium within Westminster. Over recent years we have started to adjust to life outside of the EU, commenced recovery from the pandemic, and now we have had a change in both the executive and symbolic branches of government. It will be interesting to observe how the dynamic develops between the new Prime Minister and the new Monarch. Will Rishi Sunak follow through on his campaign promises such as chairing a UK-wide food security summit annually, and reintroduce the role of the UK Rural Advocate to champion the challenges faced and opportunities available to rural communities across the UK?
With an already perplexing mix of issues to fathom, and now change in command at Defra, finding the courage to make decisions for the long term is not easy for those in leadership positions within agriculture. Following her return to the department, time will tell what Therese Coffey has in mind for policy during her tenure and the impact that will have on the years to come.
Whilst most farm gate prices continue to appear strong in a historical context, rising input prices continue to put pressure on the margins many have enjoyed over the last several months. The increased requirement for working capital with higher valued goods will need to be carefully managed as we head into the winter and the uncertainties that 2023 is likely to bring. With stronger trading performance in recent times, consideration should be given to tax liabilities and how the timing of payments will impact on cash flow.
With all that said, a period of challenge and change also provides opportunities for those seeking them out. There would seem to be an increased level of conversation in the industry regarding the future. I notice that for many it feels like a period for observing, to learn more before taking substantial decisions. For others, they are starting to take action, perhaps handing over control to the next generation, or selling out whilst values are strong and giving someone else the opportunity to expand.
The recent IAgrM conference titled “Agriculture’s defining decade: Balancing food and environmental security” encapsulates the current situation. It had an intriguing agenda in a number of key areas, from monetising natural capital to harnessing new technologies to drive productivity. It was great to attend the conference in person this year and listen to the thoughts of the many speakers.
We hope that you enjoy the selection of articles in this edition and hope that it helps prompt conversation around topical issues and emerging opportunities.
Dan Knight FCA CTA MCIArb
Partner
Dan grew up straddling the hills and hedgerows of the Dorset and Somerset border, where life on a dairy farm gave him a deep appreciation for the rhythms, responsibilities, and realities of agricultural life. Before qualifying as a Chartered Accountant, Chartered Tax Adviser, and Accredited Mediator, he spent several years working hands-on in farming. This practical experience continues to shape how he listens, thinks, and advises.
It also showed him that sound judgement matters more than spreadsheets, and that most important decisions are not made in boardrooms. They are made around kitchen tables.
Before joining Evo in 2019, Dan led the rural tax team at a regional firm. He now specialises in succession planning and restructuring, helping farming families plan boldly and act wisely. His work sits where land, legacy, and human emotion intersect.
Dan’s approach is rooted in curiosity, care, and a refusal to offer pre-packaged advice. He sees his role as part facilitator, part translator, and part challenger. He helps clients understand what they really want and how to move towards it with confidence.
At Evo, Dan champions individuality, encourages honest conversations, and keeps the focus on what matters most to each client. He believes that good planning is not just about getting the numbers right. It is about helping people move from uncertainty to action, with a shared sense of purpose.
Away from work, Dan finds great joy in supporting his son’s journey on the rugby field. He values the sport for the same reasons he values farming life: it is built on hard work, commitment, and a deep rooted care for the people around you. Whether offering encouragement on the pitch or helping families shape the future, Dan stays focused on what it takes to build trust, support growth, and invest in the next generation.