Joint Ventures

Published 24 March 14

Joint venture business structures can provide a profitable combination of skills and resources allowing all parties involved to grow in terms of business and wealth creation. It allows an alternative for managers, herdsmen, farmer’s sons or daughters waiting to establish a business in dairy farming; established farmers looking for less physical demand or those businesses looking to expand further.Cows on bridge

Decisions on how businesses are structured can raise a number of questions so AHDB Dairy’s Joint Venture report looks at the different models which are adopted on dairy farms, taking into account the nature of the venture, capital involved and liabilities of each party, plus any legal implications that may arise around tax and SFP. This can be downloaded here.

In order to aid further AHDB Dairy has also produced a number of template contracts and guidance notes for these areas, which are available by request to dairy.publications@ahdb.org.uk.