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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Changing from AHA to FBT
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<blockquote data-quote="Stockwell" data-source="post: 6804330" data-attributes="member: 77800"><p>Although we are yet to be presented with an official proposal, we have been given an outline. </p><p>The landlords would like us to surrender our AHA on 350 acres (split in three separate blocks) and take on a 700 acre ring fenced unit on an FBT for 35 years. My wife and I would remain in the current farmhouse, no details of rent/length of time etc for this have been discussed yet. </p><p>My son would move to the new unit which includes a large well kept farmhouse and large range of modern cattle housing. As I’ve said, no details have been discussed yet, this is too take place over the next few months. </p><p></p><p>Made contact with the tfa and the have recommended a local professional who is extremely experienced in tenancy matters/law. </p><p></p><p>No doubt the size and quality of this farm would take the farming side of our business forward considerably. But obviously the times we live in our more uncertain than ever. </p><p></p><p>Any advice is much appreciated, the landlords have ‘stressed’ how good this would be for us but I’m under no illusion that the benefits to them are great as my son could remain on this aha for maybe another 50 years if our succession application was successfull. </p><p></p><p>So what should we look for? The rent formula calculation is a major one for us so we don’t get hit with ‘digester rents’ </p><p>Thanks again</p></blockquote><p></p>
[QUOTE="Stockwell, post: 6804330, member: 77800"] Although we are yet to be presented with an official proposal, we have been given an outline. The landlords would like us to surrender our AHA on 350 acres (split in three separate blocks) and take on a 700 acre ring fenced unit on an FBT for 35 years. My wife and I would remain in the current farmhouse, no details of rent/length of time etc for this have been discussed yet. My son would move to the new unit which includes a large well kept farmhouse and large range of modern cattle housing. As I’ve said, no details have been discussed yet, this is too take place over the next few months. Made contact with the tfa and the have recommended a local professional who is extremely experienced in tenancy matters/law. No doubt the size and quality of this farm would take the farming side of our business forward considerably. But obviously the times we live in our more uncertain than ever. Any advice is much appreciated, the landlords have ‘stressed’ how good this would be for us but I’m under no illusion that the benefits to them are great as my son could remain on this aha for maybe another 50 years if our succession application was successfull. So what should we look for? The rent formula calculation is a major one for us so we don’t get hit with ‘digester rents’ Thanks again [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Changing from AHA to FBT
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