SFP - Entitlements

[sheep&cows&stuff]

Anyone know if entitlements are going to be done away with? Sick of leasing them for rented ground - if they were here to stay i would invest.

 

[Hesstondriver]

i might have some to sell that we are not using !

 

[chaffcutter]

Could well be that they are used as the basis for the (reducing level) of BPS during the transition to the new payment system? Might need to hold the Entitlements as well as farming the land.

 

[sheep&cows&stuff]

What do you reckon the new system is? Or when will it be implemented

 

[Goweresque]

As far as I can see the plan is to decouple the entitlements from land in the period that they are slowly reduced to abolition. I suspect there will be a 3 year reference period, the entitlements will be permanently granted to the person who was claiming the BPS during those years (or pro rata if more than one person was claiming in the period). Just like the way they moved from IACS to SFP. Then the holder of the new entitlements will not have to farm at all in order the claim the money. They can rent their land out, or sell it, or continue farming it, regardless they will get the BPS money their entitlements generate. Which will slowly be reduced over time until it all disappears around 2027/28.

A little dicky bird tells me that the reference years could be 2018-20. So 2 already gone, plus this year. After that all land rental agreements could well come without any subsidy.

 

[sheep&cows&stuff]

As far as I can see the plan is to decouple the entitlements from land in the period that they are slowly reduced to abolition. I suspect there will be a 3 year reference period, the entitlements will be permanently granted to the person who was claiming the BPS during those years (or pro rata if more than one person was claiming in the period). Just like the way they moved from IACS to SFP. Then the holder of the new entitlements will not have to farm at all in order the claim the money. They can rent their land out, or sell it, or continue farming it, regardless they will get the BPS money their entitlements generate. Which will slowly be reduced over time until it all disappears around 2027/28.

A little dicky bird tells me that the reference years could be 2018-20. So 2 already gone, plus this year. After that all land rental agreements could well come without any subsidy.

Will the reference years be on a land basis or per head basis?

What if you are like me and still growing ? Ie. in 3 years from now ill have double what i have now - hardly fair to use that period as a reference when im only really getting going?

 

[Farmer Piles]

Will the reference years be on a land basis or per head basis?

What if you are like me and still growing ? Ie. in 3 years from now ill have double what i have now - hardly fair to use that period as a reference when im only really getting going?

Hardly fair but way of the world. We got hammered just like that when quotas came in for milk. Milking 90 but with 80 heifers about to come in, nothing granted on appeal either.

 

[Brisel]

Anyone know if entitlements are going to be done away with? Sick of leasing them for rented ground - if they were here to stay i would invest.

You can buy English entitlements for around £120/ha which, bearing in mind one year's claim value is over £200/ha, looks a no brainer if you have naked eligible acres. You get your money back in less than a year. If the "market" believed they were going to be scrapped straight away they'd have a far lower value.

Where else can you get a 55% annual interest rate on your investment even if it's for only a couple of years? How long are you renting the ground for? What type of agreement?

BPS Entitlements for sale. Basic Payment Scheme - Mark Dyson Surveyors

BPS Entitlements For Sale . Basic Payment specialist advice from Mark Dyson Chartered Surveyors, Nationwide Entitlement Trading.

www.markdysonproperty.co.uk

 

[sheep&cows&stuff]

You can buy English entitlements for around £120/ha which, bearing in mind one year's claim value is over £200/ha, looks a no brainer if you have naked eligible acres. You get your money back in less than a year. If the "market" believed they were going to be scrapped straight away they'd have a far lower value.

Where else can you get a 55% annual interest rate on your investment even if it's for only a couple of years? How long are you renting the ground for? What type of agreement?

BPS Entitlements for sale. Basic Payment Scheme - Mark Dyson Surveyors

BPS Entitlements For Sale . Basic Payment specialist advice from Mark Dyson Chartered Surveyors, Nationwide Entitlement Trading.

www.markdysonproperty.co.uk

i didnt know they were as cheap. Land on a long term basis - rental value here is 50% of the value, so if they are being sold as cheap as that it would make sense to invest

 

[Brisel]

i didnt know they were as cheap. Land on a long term basis - rental value here is 50% of the value, so if they are being sold as cheap as that it would make sense to invest

If you had more than 2 years left to run on a tenancy then it would be worth buying but the leasing costs should go down once the lifespan of them shortens too.

 

[Chae1]

Will the reference years be on a land basis or per head basis?

What if you are like me and still growing ? Ie. in 3 years from now ill have double what i have now - hardly fair to use that period as a reference when im only really getting going?

Poor you.