We continue to represent farmers and their spouses going through divorce proceedings, where future income is an important factor in helping us to structure practical and fair settlements.
However, the repercussions of Brexit are leaving uncertainty for the farming industry. There has been a glimmer of hope when the government pledged to maintain direct payments to farms until 2020 but they continue not to make any comments about what is to happen after that.
Prof Dwyer of Gloucestershire University has rightly pointed out that historically whichever government has been in power there has been a message that they will not subsidise farmers.
We will have to see if and when the government are able to offer the guarantees sought by farmers in the post-Brexit world, but in the meantime we can expect to see the diversification by many farming businessesof the work they do and/or their structure.
Farmers should prepare now for a reduction in direct payments when the UK leaves the EU, a leading academic has warned.