Are Farm Business Tenancies (FBT) almost a thing of the past?

[yellow belly]

The tenant needs to claim the sub, even if it goes out + more for rent. If that's not the case then an anonymous phone call ought to be made to the RPA

A rental formula based on the price of wheat/milk/meat would be more fair, but until bidders learn how to use a calculator there will never be rents (or CFA rental equivalents) that share the risk and reward. There is simply too much demand for land and not enough supply. If you want to kill the incentive for FBTs, add the phrase "right to buy"

if right to buy came in who could afford the repayments they would be much more than the rent

right to buy would put use back to 1995 no new tenencies contract farming with agents doing very well from the extra fees

 

[Steevo]

if right to buy came in who could afford the repayments they would be much more than the rent

right to buy would put use back to 1995 no new tenencies contract farming with agents doing very well from the extra fees

Interestingly, didn’t a lot of the Herefordshire council farms go to existing tenants?

 

[Brisel]

Right to buy at a discounted rate made granting new tenancies risky in Scotland, which is why CFAs and limited duration partnerships became the preferred option, with less security of tenure. When drafting new legislation, you need to consider all the possible consequences of your actions, which the Scots have failed to do on several occasions when attempting land reform, hence creating slipper farmers & the rest of the current illiquid rental market.

Interestingly, didn’t a lot of the Herefordshire council farms go to existing tenants?

Do you know what basis that was on? Vacant posession?

 

[glasshouse]

Right to buy at a discounted rate made granting new tenancies risky in Scotland, which is why CFAs and limited duration partnerships became the preferred option, with less security of tenure. When drafting new legislation, you need to consider all the possible consequences of your actions, which the Scots have failed to do on several occasions when attempting land reform, hence creating slipper farmers & the rest of the current illiquid rental market.



Do you know what basis that was on? Vacant posession?

Right to buy never applied to ldt tenancy in scotkand and never will
Thats a red herring

 

[Steevo]

Do you know what basis that was on? Vacant posession?

Not a clue I'm afraid. I did read an article in the latest FG newsletter but can't remember the specifics.

 

[Formatted]

I am fortunate in that I have found a landlord that has offered a 20yr FBT, with a tenancy document that is basically just a re-written AHA agreement (apart from the setting of rent levels). They have taken on seven new farm tenants in the past 7 years, all of which have been on similar terms, so they are out there.

How do I find one of these landlords?

 

[unlacedgecko]

How do I find one of these landlords?

F ck knows . But if you do, ask if he has more ground for me!

 

[neilo]

How do I find one of these landlords?

With a very long search.

 

[Martyn]

I know there is one coming near Turo cornwall in the autumn. Beef sheep arable with good landlord.

 

[Pan mixer]

I had a Gladstone Bower agreement in 1993 which seemed to do all the right things, it has gone now when the land was sold and I now have 3 FBTs and an AHA tenancy.

I am not worried about the FBTs anymore than the AHA, the rents are comparable, constraints similar.

What I don't understand is why some of these people sign these FBTs? they aren't compulsory.

 

[B&B Pig Man]

Sad thing is that some tenants have beem hoodwinked into signing away an AHA tenancy into an fbt

That’s the tenant’s fault, nobody made them sign!

 

[glasshouse]

That’s the tenant’s fault, nobody made them sign!

That is probably the most ignorant post ever.

 

[B&B Pig Man]

That is probably the most ignorant post ever.

Of course - I have absolutely no experience of being a tenant farmer and being in complex negotiations with a landlord!

 

[Fossil]

I suspect some of those criticising FBTs either were not around or have forgotten what it was like pre 1995. Other than councils no one in their right mind would let out any land other than on a Gladstone v Bower agreement, a tenancy of between one and two years. At leat with FBTs you can get a bit longer term.

 

[glasshouse]

Of course - I have absolutely no experience of being a tenant farmer and being in complex negotiations with a landlord!

And no one has ever hoodwinked you have they? I bet all your hens lay double yolked eggs too

 

[B&B Pig Man]

And no one has ever hoodwinked you have they? I bet all your hens lay double yolked eggs too

Farming is business - tenancy negotiations are probably the most important part of that business, to claim to being hoodwinked is, quite frankly, degrading.
If I choose to sign something, I accept all the consequences of that - not blame anybody else.

 

[glasshouse]

Farming is business - tenancy negotiations are probably the most important part of that business, to claim to being hoodwinked is, quite frankly, degrading.
If I choose to sign something, I accept all the consequences of that - not blame anybody else.

I bet you make your own luck too.
You have obviously never been exposed to the underhand ploys of land agents.
Your mother in a home with altzheimers was never presented with a document to sign on a pretence which gave away the farm?

 

[Brisel]

Well, we know who your scapegoat is. Anything you don't blame on them?

 

[B&B Pig Man]

I bet you make your own luck too.
You have obviously never been exposed to the underhand ploys of land agents.
Your mother in a home with altzheimers was never presented with a document to sign on a pretence which gave away the farm?

You want my full family history too?

We’re never going to agree - but please stop the ‘the world owes me a farm because I’ve made some bad business decisions’ line, it isn’t pretty.

 

[glasshouse]

You want my full family history too?

We’re never going to agree - but please stop the ‘the world owes me a farm because I’ve made some bad business decisions’ line, it isn’t pretty.

I wasnt talking about me you moron
I have never had an Aha or an fbt