Agricultural partnerships and joint venture agreements—outline of structures
Produced in partnership with Agri Advisor.
Agricultural partnerships and joint venture agreements—outline of structures

The following Property practice note Produced in partnership with Agri Advisor. provides comprehensive and up to date legal information covering:

  • Agricultural partnerships and joint venture agreements—outline of structures
  • Family farming partnership agreements
  • Creation of a partnership
  • Partnership Act 1890
  • Defining the assets
  • Marriage breakdown
  • Taxation
  • Farming accounts
  • Commercial farming partnership agreements
  • Commercial structures and principles
  • More...

Brexit: The UK left the EU on 31 January 2020. This has implications for the schemes providing for agricultural subsidies in England and Wales, which will no longer be derived from EU Common Agricultural Policy. We will introduce content to address the new regimes once the legislation (including the Agriculture Bill) has been enacted.

Joint ventures are becoming increasingly popular in the agricultural industry and provide options for farmers who perhaps want to share the workload or are considering taking a step back from farming or landowners who would prefer not to farm in-hand. This Practice Note will look at various joint venture models in terms of what they are, how they are formed and factors to consider when advising clients.

Family farming partnership agreements

Creation of a partnership

According to section 1 of the Partnership Act 1890 (PA 1890), a partnership is ‘the relation which subsists between persons carrying on a business in common with a view of profit’. There are no formalities needed to set up a partnership in terms of registration. This in turn can cause problems due to people inadvertently creating partnerships, and this will certainly be true with regards to joint ventures where people have attempted to label something one type (such as share farming) but in fact they are farming in partnership. There are statutory restrictions as to the name of

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