Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

farmers’ averaging

Farmers’ averaging of profits is designed to provide relief for farmers affected by fluctuating profits, due to the effects of the weather. 

 

farmers’ averaging in the news

Britain’s dairy farmers have had a torrid time after a 25 per cent fall in milk prices. So the industry welcomed a Budget tax measure aimed at helping them to ride out volatile prices.

The UK chancellor said he would allow farmers to average their incomes for tax purposes over five years, instead of two years currently.

The new...