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FC Wales smooths passage to important woodland

With its fascinating historical features, enchanting scenery and strong links to the end of the last major ice age, i Parkwood on the Gower is a popular tourist location. Forestry Commission Wales has stepped in to ensure a smoother passage into this environmental jewel after the Welsh Government woodland became the victim of its own alluring beauty. The road allowing access to the site of special scientific interest (SSSI) was showing signs of serious wear and tear, with badly pot-holed areas testifying to Parkwood’s popularity.

 
Saffery Champness comment on CAP Reform announcement

Commenting on the announcement on CAP Reform by EU Farm Minister, Dacian Ciolos, Andrew Arnott, a partner of  Saffery Champness Landed Estates & Rural Business Group says: “There was not much in the announcement that had not already been leaked. However, it confirms the intention to distribute subsidies more evenly by way of a cap on payments to farmers at 300,000 euros (£261,240) per year.  A progressive levy, to be applied on all payments exceeding 150,000 euros (£130,620), was also announced as a proposal. Assuming that the proposals will be approved by both the EU parliament and all member states, this will be bad news for many large arable farmers and some medium scale farming businesses, including those in the uplands.It remains to be seen whether the ‘sustainable and inclusive growth’ for European agriculture can really be achieved through these proposals.  I think they could, as they stand, have the opposite effect, acting as a disincentive to invest for farm businesses that are highly-mechanised with lower staffing levels”.

 
Leaked proposals for the reform of CAP entitlements

News has recently been leaked from the European Commission that farmers who claim more than €150,000 from the direct support element of the CAP (Pillar1), will see their entitlement payments progressively capped.  Commenting on the leaked proposals Mike Harrison, a partner of Saffery Champness Landed Estates & Rural Business Group, says: “There is a strongly worded proposal for progressive cuts in the entitlement payments above €150,000 ( £127,000) with a cap of €300,000 (£255,000)”.   Whilst the new regulations will apparently incorporate an allowance which reflects the farm’s wages bill, which is welcome news and should mean that both larger and smaller farms are treated equally, there will be a discrimination for those using external contractors

 

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Home Farm finance & grants Saudis and South Koreans in new land rush
Saudis and South Koreans in new land rush PDF Print E-mail
Written by Alistair Macgregor   
Tuesday, 14 April 2009 04:33

Two of the world's biggest land investors - Saudi Arabia and South Korea - have announced moves to improve their food security. A South Korean company is to buy 125,000 acres in Russia over the next four years and a Saudi group has set up a £600m fund to buy land.

South Korean shipbuilder Hyundai Heavy Industries has paid £4.4m for a two-thirds stake in Khorol Zerno, which owns 25,000 acres of farmland in eastern Russia near the port of Vladivostok. It plans to invest another £6m to fund the purchase of a furthern 100,000 acres by 2012. It expects the land to produce 60,000 tons of corn and beans  a year by 2014.

Daewoo Logistics, another South Korean company, recently pulled out of a deal to lease 3.2m acres of land in Madagascar, following the recent political unrest there.

Meanwhile, an agricultural investment firm owned by the Saudi government says it has a £600m fighting fund to purchase land to cultivate  wheat, rice, sugar and soybeans. The investment company Saudi Company for Agricultural Investment and Animal Production (SCAIAP) is owned by the Saudi government and aims to be the cornerstone of the 'King Abdullah initiative for Saudi agricultural investment abroad'. Saudi firms are said to be buying farms as far afield as Indonesia and West Africa after the government decided last year to gradually shut down wheat production in order to conserve water resources.

 
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