Contentious Tax Bulletin
Tax Investigations Partner, Andrew Park, provides a round up of the most recent and significant contentious tax news. Read more here...
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The UK livestock sector continues to navigate a challenging environment influenced by poor economic conditions, post-pandemic recovery pressures, and declining domestic meat consumption. Red meat sectors are being unevenly impacted, with some farmers struggling to maintain profitability.
Dairy farmers are increasingly turning to automation to mitigate labour shortages and rising input costs. Meanwhile, the shift in consumer preferences towards plant-based alternatives such as oat and almond milk adds to the competitive pressure, alongside ongoing demands to keep retail prices low.
Despite the challenges many British farmers are facing, the global livestock industry is expected to expand at a compound annual growth rate of 17.63% to 2030. This growth reflects increasing demand in international markets and advancements in sustainable and efficient farming practices.
Rapid innovation and increasing R&D are having a positive impact on the livestock industry, with the emergence of livestock monitoring systems enabling real-time monitoring of livestock to highlight early signs of sickness and bacterial or viral infection in the animals.
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