warksfarmer
Member
You can’t claim the retirement pay off then pass the farm to your son. It’s a get out completely payment.
Agents’ cheery outlook post-BPS
- Thread starter Fat hen
- Start date
You can’t claim the retirement pay off then pass the farm to your son. It’s a get out completely payment.
It's 50k on 200ac as a one off. Not a bad top up to the pension. Still get to sell farm assets. Don't need to pay it back. How profitable will a farm on the wind down be post bps?
I'd say it will be very attractive to some.
50% wheat / 50% cover crop, would be ideal on heavy land. As usual the devil will be in the detail, what about blackgrass? Possibly glyphosate the cover in spring and re-drill?
- Location
- Glen Clova, Angus, DD8 4RD
The future of UK farming will be around strict cost management, better understanding of our customers and getting closer to them imho. Do that and we have a positive future.
Getting closer to the customer takes time and costs money. There needs to be reward enough to justify such..... otherwise we finish up spending a quid to gain 90p
farmerm
Member
- Location
- Shropshire
I am in total agreement!
Steevo
Member
- Location
- Gloucestershire
"Get out completely" is a term that hasn't yet been defined.
Can you then rent it to another farmer, or must the land lie empty and fallow?
If you can rent it to another farmer.....can you rent it to your son if he is a farmer? How about your son-in-law? Or your nephew?
Seems to me that this is fraught with difficulties.
Seed cost of two cover crops, two goes at drilling, rolling? Topping? Spraying? There is costs involved with these schemes which many seem to forget when they see the headline payment.
Steevo
Member
- Location
- Gloucestershire
What does it achieve for the government though? I still can't see why they would even bother with such a payment.
Out is out. Sell up. Finished. No more farm derived income of any kind. As I understand it anyway.
Oh, and girls can farm too....
£250 / acre to retire ? Think I'd be wanting at least £2500 ? Greedy ? Moi ?
I assume they think it will open doors for new, younger, hungrier new entrants with more years in front of them to justify longer term investments.
Exceptionally greedy.
If you were a farmer struggling on and living off depreciation with no successor, facing a declining bps and someone offered you what might be 5yrs profits in your hand to retire, it would be an opportunity worthy of consideration, surely?
Not sure how it would be policed either. Say you were to get out. Sell up. Then buy a house.....with a 100 acre garden.......and a shed.......to house some tractors........ 
Steevo
Member
- Location
- Gloucestershire
I see.....I haven't met a young person with the money to be able to buy/rent a farm, shell out on the working capital to get it running and not draw any income for 12months+ with no government support. Even those "older" farmers with masses of assets behind them are struggling.
Perhaps I'm looking in the wrong places......
Provided it was a hobby and you didn't expect a brass farthing from govt, then fine. I highly doubt the target audience of the scheme would be arsed with buggering on with 100ac though. A tractor shed, maybe.Not sure how it would be policed either. Say you were to get out. Sell up. Then buy a house.....with a 100 acre garden.......and a shed.......to house some tractors........
Hindsight
Member
- Location
- Lincolnshire
And why we are not hearing much from government (Defra) After Goves announcement two years ago he then swanned off somewhere else in government and the Tory Party. Leaving the civil servant to draw up a plan. And the maze they are in keeps bringing them back to the beginning. They cannot find a way out of the paper bag - how to make a payment that does not end up capitalised in the rental or value of land.
Maybe so, yes.
midlandslad
Member
- Location
- Midlands
If we see people hold on for £250/ac for the next few years in the golden handshake and then look to sell the farm they will lose farm more than that on the capital value as the supply of land will be very high.
should only apply to tenant farmers.
should only apply to tenant farmers.
Hindsight
Member
- Location
- Lincolnshire
I hazard a guess government modelling has indicated the uptake will not be that great.