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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
Who "owns" the carbon on a farm? Landlord or tenant?
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<blockquote data-quote="Brisel" data-source="post: 7424847" data-attributes="member: 166"><p>The Crown Estate tried this a while ago, after they let a block of arable land in Lincs to the highest bidder with the agent playing every trick to play bidders against one another for the highest rent. The successful bidder then mined all the phosphate, potash and was kicked out a few years into his FBT leaving a mess including a bad blackgrass problem. With no ingoing valuation the Crown had no leverage against the tenant they deserved getting in the first place. The neighbours, including us, had a chuckle at that, though we never got the land ourselves subsequently as they sent soil samplers in & specified that the land had to be at index 2 by the end of the 5 year FBT from the index 0 is currently was. We didn't put a big offer in, having costed out what we needed to put in to correct it, never mind made a quid on farming it.</p><p></p><p>Working out a valuation on organic matter & soil structure was impossible back then & we don't seem to be much further ahead now either. It's too hard to put an absolute and reliable figure on it. Michael Gove couldn't get good metrics while he was supervising the constriction of the Agriculture and Environment bills.</p></blockquote><p></p>
[QUOTE="Brisel, post: 7424847, member: 166"] The Crown Estate tried this a while ago, after they let a block of arable land in Lincs to the highest bidder with the agent playing every trick to play bidders against one another for the highest rent. The successful bidder then mined all the phosphate, potash and was kicked out a few years into his FBT leaving a mess including a bad blackgrass problem. With no ingoing valuation the Crown had no leverage against the tenant they deserved getting in the first place. The neighbours, including us, had a chuckle at that, though we never got the land ourselves subsequently as they sent soil samplers in & specified that the land had to be at index 2 by the end of the 5 year FBT from the index 0 is currently was. We didn't put a big offer in, having costed out what we needed to put in to correct it, never mind made a quid on farming it. Working out a valuation on organic matter & soil structure was impossible back then & we don't seem to be much further ahead now either. It's too hard to put an absolute and reliable figure on it. Michael Gove couldn't get good metrics while he was supervising the constriction of the Agriculture and Environment bills. [/QUOTE]
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Who "owns" the carbon on a farm? Landlord or tenant?
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