Karen Walsh: Cover all the angles in leasing

This year’s budget encouraged the long term leasing of land, with significant advantages for both the landowner and the farmer.

Generous amounts of rental income can be exempt from income tax.

Most farmers who need to enlarge their holdings cannot afford the enormous cost of purchasing land, and leasing land can be attractive. Alternatively, if you are retired from farming, or have recently inherited farmland and do not intend to farm it yourself, you may wish to let your lands.