10 key benefits of planting forestry on your land

  1. Planting is 100% grant aided by the Forest Service
  2. Stable and secure tax-free income for up to 15 years from forest premia payments
  3. The forest premium can increase income from poorer land
  4. Farmers can retain their single farm payment entitlements
  5. Reduced farm input costs as planted land requires a lot less cost inputs
  6. Forestry enhances the environment by increasing biodiversity, capturing carbon and reduces the use of fertiliser and pesticides
  7. Forest owners benefit from having their own sustainable fuel source thus reducing fossil fuel imports
  8. Provides shelter to the farm helping stock to thrive
  9. Less time consuming than other farm enterprises allowing more time to be spent on more productive farm activities
  10. Forestry is tax efficient.  The forest premium and timber income are free from income tax.  Stamp Duty and Captial Gains only apply to the land not the timber and forestry qualifies for agricultural relief for inheritance tax