BPS early ?

Steevo

Member
Location
Gloucestershire
According to the Andersons bit in FW this week their estimate is that arable cropping will lose £7/ha next year.

That's compared to £677/ha profit this season, £376/ha last year and £46/ha the year before.
 

czechmate

Member
Mixed Farmer
it says wouldn't have been allowed had we still been in europe [ not sure about that ! ] clutching at straws if you ask me


That part is true I think.

They also wouldn’t have been able to slash the amount, or divert it as wildly into daft ELMS schemes either.

For the 8 years I have received the sub in France, they have made a 50% advance in October. The amount is based on the previous year, so it can cause some confusion for altering enterprises .
 

farmerm

Member
Location
Shropshire
They’re a bloody nightmare with their stewardship payments. Nowt for years then two years worth on the same day. Doesn’t half wreck havoc with your tax situation 🙄
shouldn't be too big a problem from tax point of view... one payment can be allocated into last years accounts as a debtor, its probably not such a great sum that it affects your tax position all that much though, especially with farmer averaging?
 

Green oak

Member
Arable Farmer
Location
Essex
I honestly cannot believe the comments above. The RPA are doing something to help your cash flow, and you mostly are critical of this move.Do you all have such vast wealth that the BPS is just a minor inconvenience to you or have you all bought 2 yrs of N last year and not yet sold anything from 2021 harvest? For once, just once, wind your necks in and grow up.

BB
i raised this question to the Rpa about forwarding the payment. On a thread on here a couple of years ago. Glad it’s come to fruition. To many farmers we’re getting mugged off. Selling off the combine to ease cash flow.
 

Werzle

Member
Location
Midlands
A smart man would use the early money to reinvest into something that makes them money…

im not smart so will probably just waste the money on a extra pen of store cattle bought a few months sooner….
People tried to do the same with covid grants/loans but stock prices went up over night and knocked alot of get rich ideas
 

4course

Member
Location
north yorks
from a mainly arable farmers view i can see it as guaranteed holding the price of fert / inputs up though against that can see grain not coming onto the market thus affecting the intensive producer and holding the price of grain up for the arable man. The cost of money for 1/2 my sfp for 4 months ?, welcome as this announcment is is im not sure who its going to help , is it the farmer ,the consumer or the input trade . Lets face the gov is borrowing its own money at still low interest rates and by paying out 1/2 4 months early its not costing them much .In my own case reckon its hardly a ton of wheat im fairly sure buying fert and other inputs following this announcment will cost more than that .
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 114 38.6%
  • Up to 25%

    Votes: 112 38.0%
  • 25-50%

    Votes: 42 14.2%
  • 50-75%

    Votes: 6 2.0%
  • 75-100%

    Votes: 4 1.4%
  • 100% I’ve had enough of farming!

    Votes: 17 5.8%

Expanded and improved Sustainable Farming Incentive offer for farmers published

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  • 0
Expanded Sustainable Farming Incentive offer from July will give the sector a clear path forward and boost farm business resilience.

From: Department for Environment, Food & Rural Affairs and The Rt Hon Sir Mark Spencer MP Published21 May 2024

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Full details of the expanded and improved Sustainable Farming Incentive (SFI) offer available to farmers from July have been published by the...
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