Entitlement trade has picked up over the past fortnight, although many with less than the 5ha minimum claim area have yet to decide what to do with their entitlements, say traders.

The trading deadline for transferring 2015 SPS entitlements is 21 October. After this date only active farmers can transfer entitlements.

See also: Single farm payment entitlement trade set to rise

English non-SDA entitlements are trading between £125/ha and £145/ha plus VAT.

Early deals for SDA entitlements have been at about £170/ha but the gap is expected to narrow. Moorland demand is strong, with prices at about £60/ha plus VAT.