Farm Finance

Single Farm Payment forms start to appear.

8th MarchPosted by Louise Taylor

We have received the first of many single farm payment forms on behalf of clients in the post this morning. 

And so the fun begins!  We complete nearly 200 forms on behalf of clients and consequently this is one of our busiest times of year.  However it gives us a great opportunity to have an update with clients and discuss future plans with them. 

Sadly the RPA will not meet its target of having paid 95% of 2010 claims by the end of this month and they are currently...

UK retailers accused of charging excessive prices for food

7th MarchPosted by Louise Taylor

A report in the Farmers Guardian comments that UK retailers have been accused of charging 'excessive' and 'unfair' prices for food and warned that they should be facing a Government investigation.

The information comes from a report by Swiss Bank UBS concludes that UK food prices are rising more rapidly than in most other developed countries and do not reflect the level of cost inflation experienced by retailers.

The report highlights Eurostat figures showing overall UK food...

RPA set to miss payment target.

7th MarchPosted by Louise Taylor

The news that the Rural Payments Agency (RPA) will fail to meet its target of paying 95% of single farm payments by the end of March has been met with anger from farming leaders.

Peter Kendall, NFU President, reacted to the  news that estimated total payouts would now be nearer 90% and said "We have been here too many times before.  This is the sixth year of the scheme and we should be past this sort of news.  But it has become very apparent that there is still no real progress."...

Farmers Weekly report that the hard winter cost over £100m.

4th MarchPosted by Louise Taylor

A report by Johann Tasker in the Farmers Weekly says that the worst winter weather for 100 years will cost farmers more than £100m.

Farmers across the country have been left counting the cost of lost crops, collapsed livestock buildings and burst pipes.  Rural insurers said 2010 would go down in history as the worst year on record for cold weather claims.

Sugar beet growers were some of the worst hit, with £52m of sugar beet rotting in the fields.

...

Welsh law firm offers fixed price for CAP appeals.

2nd MarchPosted by Louise Taylor

JCP Solicitors have become the first law firm in Wales to provide a fixed price service for farmers appealing against deductions to their CAP subsidies. 

The Rural Practice Team at JCP Solicitors, based in Swansea, successfully secured Welsh farmers in excess of £700,000 in 2009 and 2010 through their specialist representation of clients disputing their CAP allowance.

Their new fixed price appeals service has since been launched in a response to the increasing number of...

Former Dairy Farmers of Britain get extra 2ppl.

2nd MarchPosted by Louise Taylor

A report in the Farmer's Guardian today says that former Dairy Farmers of Britain are to get an unexpected further 2ppl on milk they supplied to the receivers.  In PricewaterhouseCoopers final report the receivers say this last average payment fo 2ppl is the result of further cash collections from customers over the past six months.

The money is for milk supplied from June 3 2009 until producers found new homes for their milk and is paid under the receivers 'pure margin policy' which...

Natural England offer up to £10k for capital projects in local area.

2nd MarchPosted by Louise Taylor

Natural England has launched a capital scheme for the Tern and Roden area which will provide up to £10,000.00 for specific projects which are considered to be a priority in addressing water pollution issues within the catchment area and which will deliver environmental benefit.

Applications from farmers within the catchment area are welcomed.  For more information read Mike Taylor's article on our blog page.

...

Is it the right time for tenant farmers to take the plunge?

1st MarchPosted by Louise Taylor

The Agricultural Mortgage Corporation (AMC)  are the largest provider of long-term agricultural finance in the UK.  Their agents report that there has been a marked increase in the number of tenant farmers taking out long term borrowings to fund the purchase of farms they have historically rented. The trend has been prompted by rising land prices which have tempted many landlords to put their farming estates on the market.

The farming sector has remained strong during the financial...

Farmland prices reach record high.

28th FebruaryPosted by Louise Taylor

In a press release last week, RICS (Royal Institution of Chartered Surveyors) reported that rising commodity prices have lead to an increased demand for commercial farmland, taking prices to a record high.

Chartred surveyors indicated commercial farmers remain keen to expand production to capitalise on elevated commodity prices.  This, combined with falling land availability, saw farmland prices rise to all time highs during the last six months of 2010. 

During the last six...

High Court finds in favour of farmer over SPS fine.

24th FebruaryPosted by Louise Taylor

Lincolnshire farmer, Peter Strawson, has won a High Court victory over the RPA for a £36,000 penalty for filling in a form incorrectly by mistake.

The case was bought agains the Rural Payments Agency and the Government by Lincolnshire law firm Bridge McFarland. 

When filling in his Single Farm Payment claim form for 2007 Mr Strawson inadvertently put the wrong start date on a claim for some land he had recently acquired.

...

Pages

Subscribe to Farm Finance