Interest rates on the Up.

midlandslad

Member
Location
Midlands
Back when interest rates were 15% land was £3k an acre, so a 25 year loan was £456/acre.
With rates at say 4% and land at £10k an acre the same loan is £636/acre.

Also, with the former the majority of the loan would be offset-able against tax, whereas with the latter you would need to pay your tax before paying most of the repayment.
 

Martyn

Member
Location
South west
We have today received a annual letter regarding OD renewal, are accounts are showing more profit than a number of years but bank want to increase their rate by 1% to 3.5% on top of base. Plus renewal charge gone up.
 

An Gof

Member
Location
Cornwall
We have today received a annual letter regarding OD renewal, are accounts are showing more profit than a number of years but bank want to increase their rate by 1% to 3.5% on top of base. Plus renewal charge gone up.

“bank want to”

I don’t think it’s negotiable I think they are just telling you what is going to happen. That’s how it seems to be with Barclays now 😡😡
 

Martyn

Member
Location
South west
“bank want to”

I don’t think it’s negotiable I think they are just telling you what is going to happen. That’s how it seems to be with Barclays now 😡😡
I can remember years ago doing deals with our bank manager that if we reached little targets he would adjust our interest rate etc, all history these days!
Glad it's not just NatWest who are like it!
 

Hjcarter

Member
Back when interest rates were 15% land was £3k an acre, so a 25 year loan was £456/acre.
With rates at say 4% and land at £10k an acre the same loan is £636/acre.

Also, with the former the majority of the loan would be offset-able against tax, whereas with the latter you would need to pay your tax before paying most of the repayment.
And how many money trees can you get to the acre..... ,!
 

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HSENI names new farm safety champions

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Written by William Kellett from Agriland

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The Health and Safety Executive for Northern Ireland (HSENI) alongside the Farm Safety Partnership (FSP), has named new farm safety champions and commended the outstanding work on farm safety that has been carried out in the farming community in the last 20 years.

Two of these champions are Malcom Downey, retired principal inspector for the Agri/Food team in HSENI and Harry Sinclair, current chair of the Farm Safety Partnership and former president of the Ulster Farmers’ Union (UFU).

Improving farm safety is the key aim of HSENI’s and the FSP’s work and...
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