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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Biodiversity offsetting - Anyone done it?
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<blockquote data-quote="Coximus" data-source="post: 8183574" data-attributes="member: 12800"><p>Yea, entering this world its quite enlightening - when a £20million development is held up by a £15,000 strip of land (and thats ransom value, in reality as farm land worth £500) - the developers work on the basis that they just take it, offer double or triple its value and if the person is stupid enough to fight - then their loss as a court will obviously rule against the developer (I know they didn't even contest it) but the most they will be forced to pay is costs, value and compensation around perhaps 1 to 2 x the value - which is why the offer that, so when you sue you look a nelly as they've already offered to settle for more than you could get, which means they have a legitimate refusal on costs and can charge theirs.... so basically if they come knocking, take the money and ask for some favours.</p><p></p><p>I now know of one west yorkshire farmer who didnt want to stop farming but his dad sold an option on the farm in the 70s to clear the mortgage and other debts... wise idea at the time knowing their was no way the water system could cope so wouldnt likely happen - 50 years later it did, </p><p></p><p>Chris tried to fight it, and the developer turned round and said "well pay you the option price [2x agri value] and buy you an equivilent sized farm in northumberland " - </p><p>780 houses so far on that first plot and the developer still has 230 acres of prime west yorkshire urban fringe land owned for the future. Wise choice, he got 2x the cash and a fully equipped farm up north - was made clear if he fought it, he would get his money but the stress etc as when the money involved in development comes knocking - can you really fight it?</p></blockquote><p></p>
[QUOTE="Coximus, post: 8183574, member: 12800"] Yea, entering this world its quite enlightening - when a £20million development is held up by a £15,000 strip of land (and thats ransom value, in reality as farm land worth £500) - the developers work on the basis that they just take it, offer double or triple its value and if the person is stupid enough to fight - then their loss as a court will obviously rule against the developer (I know they didn't even contest it) but the most they will be forced to pay is costs, value and compensation around perhaps 1 to 2 x the value - which is why the offer that, so when you sue you look a nelly as they've already offered to settle for more than you could get, which means they have a legitimate refusal on costs and can charge theirs.... so basically if they come knocking, take the money and ask for some favours. I now know of one west yorkshire farmer who didnt want to stop farming but his dad sold an option on the farm in the 70s to clear the mortgage and other debts... wise idea at the time knowing their was no way the water system could cope so wouldnt likely happen - 50 years later it did, Chris tried to fight it, and the developer turned round and said "well pay you the option price [2x agri value] and buy you an equivilent sized farm in northumberland " - 780 houses so far on that first plot and the developer still has 230 acres of prime west yorkshire urban fringe land owned for the future. Wise choice, he got 2x the cash and a fully equipped farm up north - was made clear if he fought it, he would get his money but the stress etc as when the money involved in development comes knocking - can you really fight it? [/QUOTE]
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Biodiversity offsetting - Anyone done it?
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