Mixedupfarmer
Member
- Location
- Norfolk
We are currently under review for FBT rents on the majority of our farm, and despite a good deal of negotiating, are not quite agreed on the new rent. With the new subsidy proposals, it looks as though the next two years will continue as is, with 2021 being decoupled and at reduced levels. We are trying to agree the rent for the next three years, and it looks like in theory year three could well need to be lower, but obviously we cannot do this on a three year cycle on an existing tenancy. This is without the drop in sugar beet price, and any effect Brexit will have going forward. What are people's thoughts? English arable lowland.
It would probably have been better if the review was next year after Brexit, but as they have given notice of a review this year, we have little time left to sort it.
It would probably have been better if the review was next year after Brexit, but as they have given notice of a review this year, we have little time left to sort it.