But from a landlords point of view the rent they will be aiming to achieve will be £215 minus say £80 =£135 regardless of land / income / cost / yield potential ! on your figures . (I know there's more to it than that , but that is the jist of it ).I don’t understand people that still think Elms will replace BPS, unless in a very simplified form, ie- get paid a few pounds for low input pp, or not cutting hedges every year. The current environmental schemes and the good old HLS we once had, allow you to get paid for the option, like 6m margins or wild bird seed plots, whilst crucially still getting the BPS on top.
So say £125 acre for the option plus the £90 bps, gives £215,/ minus cost of establishing/ seed etc, maybe leaving £150 acre before rent( if your lucky)
new Elms scheme £125 acre, no bps, same costs, is £35 before rent, which will put you in a loss making scenario .
I don't understand why the industry as a whole would wish to get into or even consider accepting this position .