Partnerships and Share Farming are somewhat similar however the major difference is that partnerships are based on % profit and share farming arrangements are based on % of output.
The key for all who are looking to enter such an arrangement is to explain what they are looking for from it and then we can advise as to which might suit you best. Currently partnerships are more common, but this does not mean that they’re more or less suitable for you. In some cases there can be added benefits such as Young Farmer Payments and TAMS Grants but one should be careful as entering into Partnership/Share Farming is a major commitment which should not be underestimated.
We can go through and set up the entire process for you (along with your accountant who we would recommend is involved in the process) and a collaborative grant scheme is currently available to offset 50% of the cost of professional fees for farm partnerships.