BASIC PAYMENT SCHEME (BPS) UPDATE

Following the announcement that the Basic Payment Scheme (BPS) will now be done using paper forms rather than the Rural Payments System and that the deadline is now the 15th June, we now have a different timeline of actions that need to be taken. We have summarised the key issues and when they need to be… Read More

Posted on March 23rd, 2015 by

Countryside Productivity Scheme Open!

Farm finance

The new £5m Countryside Productivity Scheme was launched on the 9th March 2015.   The scheme offers funding for up to 40% of the capital costs of a variety of equipment and applications must be for between £2,500 – £35,000 (Small Grant) or £35,000 – £100,000 (Large Grant) of grant funding depending on the equipment… Read More

Posted on March 9th, 2015 by

Environmental Grants Update

Whilst the main Countryside Stewardship Scheme will not begin until 1st January 2016, some more targeted grants are currently in the process of being released. Applications are now invited for the following: Woodland Capital Grants – Application Window: NOW until 30th June Applications are currently invited for: Woodland Creation Woodland Management Plans (in preparation for other… Read More

Posted on February 26th, 2015 by

Have farmland values reached their peak?

Worcestershire and Gloucestershire farmland achieves sale prices well over guide.

Over the last couple of years you will have seen headlines in the press saying that farmland is a better investment than gold. Returns on land have been excellent, with prices rising by a further 12% last year, as outlined by the RICS Farmland Market Survey. Questions are being asked about how long it can be… Read More

Posted on February 16th, 2015 by

Now is the right time to assess cash needs and consider restructuring debt

Farm finance

The beginning of the year is typically the time when farmers take stock of their finances – often in readiness for the annual bank manager review. Given the generally poor outlook for farm-gate prices especially in sectors such as potatoes and dairy, the task this year may not be one to be relished. However, finding… Read More

Posted on February 12th, 2015 by

Act now on farm rent reviews

With the 25th March now less than 2 months away it is worth thinking about whether to serve a notice to review your farm rent. Likewise some landlords served notices in March 2014 hoping for rent increases, so with these rents needing to be agreed by the 25th March action should be taken now. Agricultural… Read More

Posted on February 4th, 2015 by

Farm loans – A guide to securing a loan against a farm.

Farm finance

This blog introduces the main criteria to consider when borrowing against a farm and helps you understand want lenders are looking for and how to put stronger loan applications together. This should help ensure that proposals stand out and have a better chance of being approved. There are 2 key elements: Security The more simple part is… Read More

Posted on January 30th, 2015 by

The need to Review your Contract Farming Agreements

It is tempting that once you have got a Contract Farming Agreement in place to forget about it especially if everyone seems happy. However with the volatility in commodity prices and the Greening requirements under the new Basic Payment Scheme now needing to be considered, what was considered suitable before may no longer be suitable… Read More

Posted on December 22nd, 2014 by

How to reduce Capital Gains Tax on farmland: Entrepreneurs Relief

Worcestershire and Gloucestershire farmland achieves sale prices well over guide.

Whilst definitely not being tax experts, we are frequently asked by farmers and landowners where to start with Capital Gain Tax when selling property. Capital gains tax (CGT) is paid on gains arising from the growth in value of property. Typically tax is paid on the difference between the base value (either when it was… Read More

Posted on December 22nd, 2014 by

Where are we with Environmental Schemes and Rural Grants?

Claas Tractor

Whilst there has been a great deal of information published about the Basic Payment Scheme (BPS)and how it will work with Greening this autumn, until now we haven’t heard much about the changes to the other sources of funding that have previously been available through the Common Agricultural Policy. Essentially the Basic Payment Scheme funding… Read More

Posted on December 15th, 2014 by