Typical moronic agents and landlords.This important thread seems to have drifted off the topic.
I have a block of land which I have had on FBT's for 15 years. It is all grass and of very average quality being low Grade 3 land.
The landlord feels that as the rent has not increased for a long time it is due to be renegotiated from this September.
There are no buildings and no handling facilities, it is just small fields on wealden clay, which gets wet in the winter but will grow grass if fed in the summer. There are a number of hedges which we have to keep in good order and we have replaced some of the fencing (at our cost but is reclaimable from the landlord up to 10 years pro rata).
With the present uncertainty I am at a loss to know what rent to offer and I certainly do not want to commit to anything long term. This type of land with no BPS and nothing to get it an environmental payment has no value at all. Trying to keep sheep on it (it won't finish lambs) at store value looks like a losing battle.
I have suggested to the agent that we take it on a one year basis, but for obvious reasons the landlord wants longer. I am tempted to walk away.
Remember this is not in an area where everyone is chasing the last blade of grass. At present cattle are losing money and if sheep prices continue their downward trend then store lambs will be a lower price than last year which hardly gave a profit.
I would guess I am not alone in this situation. What are others doing?
Who gets the bps?