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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Payment timings for Mid/Higher Tier
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<blockquote data-quote="farmerm" data-source="post: 5901620" data-attributes="member: 7195"><p>Yep we where all duped big time, how naive we where to think that a government backed scheme that looked much like a rebranding of the previous schemes would be honourably administrated. I self applied but legally trained land agents should have recognised these terms to be grossly unfair and not allowed their clients to sign until the terms were revised!! </p><p></p><p>We have decided to assume nothing is owing until it is paid regards Mid-Tier, else I am paying tax now on income that might not come for another year, or ever! Cereals prices and subsidy over the next few years is most likely to fall, I expect some leaner years ahead than the year just gone so at least delayed payments, if they come, may slightly cushion the fall...</p></blockquote><p></p>
[QUOTE="farmerm, post: 5901620, member: 7195"] Yep we where all duped big time, how naive we where to think that a government backed scheme that looked much like a rebranding of the previous schemes would be honourably administrated. I self applied but legally trained land agents should have recognised these terms to be grossly unfair and not allowed their clients to sign until the terms were revised!! We have decided to assume nothing is owing until it is paid regards Mid-Tier, else I am paying tax now on income that might not come for another year, or ever! Cereals prices and subsidy over the next few years is most likely to fall, I expect some leaner years ahead than the year just gone so at least delayed payments, if they come, may slightly cushion the fall... [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Payment timings for Mid/Higher Tier
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