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Sheep quota shock

Friday, 23 January, 1998

By FW reporters

ANYONE waiting for GB lowland sheep quota to be given away like it was this time last year is in for a big shock – the price has more than doubled.

From being readily available at about £1.50 to lease £5 to sell, prices have shot to £4 and £9 or more in the past 10 days.

Agent Duncan Clark, says the surge in demand is due to farmers keeping ewe lambs for breeding and so they can claim premium subsidies, rather than sell them on to the depressed prime market.

As the trading period deadline of 4 February draws near, extra demand had also come from dairy farmers looking to lift income by keeping sheep, says Mark Campbell of agents Greenslade Taylor Hunt.

Many lessees and buyers have held off hoping for a repeat of last years late-season give-away, says Mr Campbell. Lessors and sellers have also off-loaded early, fearing a repeat of last year.

Richard Hyde, of agents Sunderlands, describes the trade as “completely and utterly mad, driven largely by extra demand for ewe lambs.”

  • For this and other stories, see this weeks issue of Farmers Weekly, 23-29 January, 1998

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    Sheep quota shock

    23 January 1998

    Sheep quota shock

    ANYONE waiting for GB lowland sheep quota to be given away like last year has had a big shock in the past 10 days.

    From being readily available at about £1.50 and £5 to lease and sell, respectively, prices have shot to £4 and £9 or more. And the trading periods Feb 4 closing date is looming.

    Agent Duncan Clark, says the surge in demand was due to hogget finishers deciding to keep ewe lambs for breeding and draw premium on them, rather than sell them on to the depressed prime market.

    Extra demand had also come from dairy farmers looking to lift income by keeping sheep, says Mark Campbell of Greenslade Taylor Hunt. The last-minute rush occurred, suggests Mr Campbell, because many lessees and buyers held off hoping for a repeat of last years late-season give-away, while lessors and sellers off-loaded early, also fearing a repeat of last year.

    "Gone completely and utterly mad, driven largely by extra demand for ewe lambs," is how Richard Hyde of Sunderlands describes the trade. His supply of lowland dried up early this week.

    LFA quota had seen slight rises, especially English, which was trading between £7.50 and £8.50 for lease and £25 to £30 for sale. &#42

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