LandGazette.co.uk

LandGazette.co.uk

Search

News in brief

Scottish country sports and tourism to meet up

Scottish landowners and tourism stakeholders will come together next month to discuss expanding country sports tourism, an industry worth over £240million per year to the Scottish economy.   The event, sponsored by Bell Ingram, will be held at Finzean, Royal Deeside, Aberdeenshire on Tuesday 15 May.  The event begins at 9.30am, opening with registration and refreshments, and will finish at around 3.00pm following an optional site visit. To register attendance please contact Joyce Karch at Scottish Land & Estates on 0131 653 5400.

 
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”.

 

Who's online

We have 36 guests online

Supported by

Banner

...and...

Banner

...and...

Banner
Home Rural agency Sale of £5 million Shropshire farm business
Sale of £5 million Shropshire farm business PDF Print E-mail
Written by Ian Hayes   
Tuesday, 13 December 2011 09:25

 Havenills & Brockton Farm-  sold as a business

The lawyer behind the £5m sale of Shropshire farming business Havenhills and Brockton Farms has said the deal ‘magnifies’ the county’s farming credentials. Rural affairs specialist Sarah Baugh, the central legal figure behind one of Shropshire’s largest commercial land sales, believes the deal on the 613-acre farm will put Shropshire’s widely-admired agricultural pedigree firmly in the spotlight.

Ms Baugh, partner and head of the agriculture and rural affairs division at Telford-based MFG Solicitors said: “The deal to complete the sale of Havenhills and Brockton Farms was extremely complex but we are delighted it has been successfully concluded.
“There was wide interest in the sale due to the sheer scale of the land involved. It’s clear that local and national focus has played its part in magnifying awareness into the quality of Shropshire’s farmland, its infrastructure and vitally, its produce. It’s a spotlight I think all county landowners will welcome.”
Commenting on the detailed sale Ms Baugh continued: “I think many people will admit they were sceptical of a sale being made within a corporate structure as opposed to a standard land deal. There’s no doubt it was an intricate deal but both the seller and the new owner are delighted the obstacles have been overcome and the deal is finalised.
“Hundreds of farming enterprises across the UK are now trading within the lesser-known corporate business model as opposed to the traditional partnership approach. It’s clear many will now recognise this deal points towards a style of sale the farming sector must embrace further whilst being mindful to take specialist, professional advice.”
Respecting the details of the sale, Ms Baugh did not reveal the identity of the new owner or the exact sale value, but added: “The £5m guide price on the business was surpassed quite significantly.”

Last Updated on Tuesday, 13 December 2011 09:30
 
Please register or login to add your comments to this article.
Joomla 1.5 Templates by Joomlashack