Thoughts on loosing BPS and replacing with ELMS?

Certainly doesn't look pretty on a tenanted farm paying rent which at present is the same amount as the BPS on permanent pasture and all livestock.
Yes sheep and cattle prices are better but costs will soon catch up.
Inflation will have to kick in to help the government out and then interest rates rise.
 

YorkshireTom25

Member
Arable Farmer
Certainly doesn't look pretty on a tenanted farm paying rent which at present is the same amount as the BPS on permanent pasture and all livestock.
Yes sheep and cattle prices are better but costs will soon catch up.
Inflation will have to kick in to help the government out and then interest rates rise.
Yes it’s pretty much all down hill. Rents will have to go down
 

GeorgeK

Member
Location
Leicestershire
I think it's critical going forwards that people define their farming as business full/part time or hobby so it can be managed effectively. If it's a business either full or part time it needs to pay an adequate wage and provide a return on investment. If it's a hobby then it's done for enjoyment and will probably cost money, break even or involve working without remuneration and this changes the decision making process significantly. Ideally you should have a budget for a hobby and of course the 'work' is optional, you should only be doing it if you enjoy it.
 

MCook

Member
Trade
Location
Kent
Diversification should not be used to subsidise your farming.

Whilst fully appreciating farming is a way of life for many, and not 'just a job', I think this is a valid statement and would encourage anyone worried about the impact ELMS will have on their business to look at farming enterprises on a stand alone basis, to see what shortfall there will be - I have seen many using 50% of their current BPS as an estimate, though as stated this could be vastly different come the actual payments!
 
I think it's critical going forwards that people define their farming as business full/part time or hobby so it can be managed effectively. If it's a business either full or part time it needs to pay an adequate wage and provide a return on investment. If it's a hobby then it's done for enjoyment and will probably cost money, break even or involve working without remuneration and this changes the decision making process significantly. Ideally you should have a budget for a hobby and of course the 'work' is optional, you should only be doing it if you enjoy it.
Well put statement that.... (y)

I am unsure quite what to classify us as on that basis mind, bit of all 3!! The smaller farming business is for many, a means to an end which complements other activities and income streams, yet still provides a quality of life that is pretty enviable for many... Even with the silly hours and hard work!
 
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Old Tup

Member
ELMS is more like a version of the RDPE scheme….
To get anything you have to put money in to achieve the result….
Definitely not an annual income that the current scheme is.
The way the government is scratching around for money at the moment can’t really see any unexpected improvements.
 
ELMS is more like a version of the RDPE scheme….
To get anything you have to put money in to achieve the result….
Definitely not an annual income that the current scheme is.
The way the government is scratching around for money at the moment can’t really see any unexpected improvements.
Well the way Farm incomes look as if they will be going in the next few years unless commodity and stock prices rise big time, the Govt will not be getting much tax back from us...!! Same with our Suppliers...
 

Update on the Sustainable Farming Incentive pilot

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Update on the Sustainable Farming Incentive pilot

Written by Lisa Applin

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In July, we opened the applications window for farmers to join our Sustainable Farming Incentive pilot.

The Sustainable Farming Incentive is 1 of the 3 new environmental land management schemes. It sits alongside the future Local Nature Recovery and Landscape Recovery schemes.

Through the Sustainable Farming Incentive, farmers will be paid for environmentally sustainable actions – ones that are simple to do and do not require previous agri-environment scheme experience.

We are piloting the scheme to...
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