LandGazette.co.uk

LandGazette.co.uk

Search

News in brief

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

 

Who's online

We have 40 guests online

Supported by

Banner

...and...

Banner

...and...

Banner
Home Rural agency Investor chooses farms over stocks
Investor chooses farms over stocks PDF Print E-mail
Written by Charlie Jacoby   
Thursday, 29 January 2009 13:16

Braemar's Marc Duschenes

Investment company Braemar Group has bought a farm in Suffolk because it says that 'land yields exceed cash returns'

Braemar Group’s UK agricultural land cell, a Channel Islands Stock Exchange listed OEIC (Open Ended Investment Company), has purchased its first farm. The 280 acre Grade II arable freehold farm is situated in Suffolk and cost £1.37m, a discount of 7% to what Braemar calls the 'market value'.

The directors are continuing to consider other investment opportunities and another farm is currently under offer.

Braemar is also encouraged by the recovery of wheat prices in recent weeks. Although prices in December 2008 had fallen significantly to £90 per ton from the April high, the price had risen to £110 per ton by last week. Marc Duschenes of Braemar says: “The market for farmland has not been without the turbulence that other markets have witnessed during the last few months, and we are delighted to have acquired this parcel of land at what we believe represents good value. For the first time in living memory, land returns are greater than cash, and we are excited about prospects for our fund.”

Last Updated on Friday, 06 February 2009 00:55
 
Please register or login to add your comments to this article.
Joomla 1.5 Templates by Joomlashack