Jimmy McLean Head of Agricultural Services The Royal Bank of Scotland Group New Entrants Summit 12 September 2012.

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Presentation transcript:

Jimmy McLean Head of Agricultural Services The Royal Bank of Scotland Group New Entrants Summit 12 September 2012

Scottish Farming Balance Sheet ASSETS£b Land and buildings32.3 Plant, machinery and vehicles1.0 Breeding livestock1.1 Other LIABILITIES Loans and mortgages0.9 Overdrafts0.8 Other credit NET WORTH34.2 Source: Scottish Government

New Entrants New to sector Successor – with other beneficiaries to pay out Sole Successor

Scottish TIFF

Scottish Farming Balance Sheet ASSETS£b Land and buildings32.3 Plant, machinery and vehicles1.0 Breeding livestock1.1 Other LIABILITIES Loans and mortgages0.9 Overdrafts0.8 Other credit NET WORTH34.2 Source: Scottish Government

Financial Plan Profit ↕ Cash ↕ Capital

Owner Equity Percentage of Business Owned Net Worth divided by Total Assets Tenant - 50% Owner Occupier - 70%

Profit and Loss Account

Cash Managing the Cashflow

Risk Recognise the risk Manage the risk –Training/qualifications –Experience –Business Plan –Sensitivity Analysis –Potential Exit Strategy

Final Thoughts Business Training for Succession Availability of Tenancies Lack of Share Farming Opportunities Bespoke Loan Guarantee Schemes