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Lee Baker appointed as National Sales Director at Agricultural Mortgage Corporation (AMC)

The Agricultural Mortgage Corporation (AMC) has announced the appointment of Lee Baker as its new National Sales Director. Born and bred on an Exmoor hill farm, Lee’s strong farming heritage brought him to the Agriculture team at Lloyds Bank in 2009, where Lee has spent the last seven years as Agricultural Relationship Manager based in […]

Agricultural wages reform could prove a headache for cash-strapped farm businesses

Agricultural wages reform could prove a headache for cash-strapped farm businesses

New wages reform may help staff moral but they are another headache for farm businesses in the current economic climate, says Mark Morison, Partner at Berrys in Shropshire. April 1 will see the introduction of the Government’s New Living Wage in England. All workers aged 25 and over, who are not in their first year […]

Further BPS 2015 payments are made to farmers in England

The Rural Payments Agency has confirmed that the total number of farmers in England who have now received their BPS 2015 payments stands at 61,172 – over 70% of those eligible. This means over £845 million, of an estimated total fund of £1.43 billion, has now been paid out for the 2015 Scheme. The RPA’s […]

2015 Basic Payment Scheme entitlement values and National Reserve confirmed

2015 Basic Payment Scheme entitlement values and National Reserve confirmed

Entitlement values, including those for greening, that will now be used to calculate farmers’ 2015 Basic Payment Scheme (BPS) payments have been confirmed by the Rural Payments Agency (RPA). Entitlement values Under the BPS scheme, farmers need to hold an entitlement for every hectare of eligible land they are claiming on. The size of farmers’ […]

RPA reports good progress towards BPS payments for farmers

RPA reports good progress towards BPS payments for farmers

With less than a month to go before Basic Payment Scheme (BPS) payments to farmers in England are due to start, the Rural Payments Agency (RPA ) is reporting that good progress is being made. A series of transfers and checks need to be made before payments can be made. The RPA has confirmed that it […]

Dairy farmers set to lose nearly 3p/litre in 2015/16

Dairy farmers set to lose nearly 3p/litre in 2015/16

Based on a survey of its clients and working closely with The Farm Consultancy Group, it forecast that farmers would lose 2.75p/litre before accounting for non-milk income. “Dairy farmers are facing challenging times with little indication that this will be changing in the near future,” said Andrew Vickery, head of rural services at Old Mill. […]

NFU welcomes progress but calls for transparent timeline on CAP payments

The Rural Payments Agency appears to be making good progress in processing claims but must be more transparent with its timeline for delivering BPS and agri-environment schemes as thousands of English farmers plan their cash-flow arrangements for the coming months. Earlier this year the RPA said that farm payments would begin in December with the […]

Investment in farmland boosts values

Investment in farmland boosts values

The average value of investment farmland rose by 14% over the last 12 months and 228% over the last 10 years, according to Knight Frank’s new Farmland Investment Index. This was a markedly stronger performance than other major asset classes, including prime residential property in central London (+135%) and the FTSE 100 (+28%). The new […]

Managing disallowance risk and DEFRA, RPA accounts

Managing disallowance risk and DEFRA, RPA accounts

Since 2005, the Department for Environment, Food and Rural Affairs has incurred a total of £642 million in financial penalties relating to the Common Agricultural Policy (CAP) in England, according to a report Managing disallowance risk published today by the National Audit Office. These penalties are imposed by the European Commission when it believes member […]

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