Business top stories

COMPLIANCE

Landowner fined for breaching ag waste exemption

A Devon landowner has been fined after illegally importing 23,500t of soil on to his land in breach of waste regulations. Stephen Dibble of Bycott Farm, Halberton, was fined £265…

PAYMENTS, SCHEMES AND GRANTS

Free business advice for livestock farmers

Livestock farmers are being offered free one-to-one business planning advice and group workshops through support from the Prince's Farm Resilience Programme. Applications have just opened for the schem – now…

TAX

Early trouble reported with online VAT system

Farmers who have had to file their VAT returns using the new Making Tax Digital system have been reporting teething troubles, according to an accountancy firm. From 1 April 2019,…

BUSINESS

Aldi holds on to top spot for supplier relationships

Aldi has secured the top spot for the sixth consecutive year in a league table showing how well retailers perform in terms of their relationships with suppliers. A survey by…

AWARDS

FW Awards: Farm manager finalists 2019

Passion, dedication, fantastic attention to detail and a genuine care for the development of their staff – the 2019 Farm Manager of the Year finalists share many attributes. They also…

LAND MARKETS

Range of farms launched as summer market lights up

Arable, livestock and mixed farms have been launched across England, Wales and Scotland as the summer market opens up. Spring and summer are traditionally popular times to bring land and…

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MEAT MARKETS AND PRICES

NI farmers fearful of £89m aid package to ROI competitors

Northern Irish beef producers have warned that a special €100m (£89m) aid package to their competitors in the Republic of Ireland (ROI) could distort the market and hit already depleted…

BUSINESS

First Milk acquires bigger stake in whey protein market

Dairy processor First Milk has announced a strategic partnership to sell and distribute a key protein ingredient used in the fast-growing sports drink market. Forecasts suggest the whey protein market…

BUSINESS

Dairy sector starved of financial returns says report

The UK liquid milk sector is being starved of the financial returns it needs to fund development, improvement and promotion, a report has concluded. The report –The Future Of The…

ENVIRONMENT

NFU joins supermarkets in pledge to cut food waste

More than 100 of the UK’s biggest food players have signed a government pledge to halve food waste by 2030, which costs £20bn each year. Retailers including Sainsbury’s, Asda, Morrisons,…

BUSINESS

Online grocer Ocado invests £17m in vertical farming

Online supermarket business Ocado has announced a move into food production, with a £17m investment in two vertical farming businesses. Vertical farming involves growing food indoors in a precisely controlled…

DAIRY MARKETS AND PRICES

Huge rise in cheese exports to Asia fuels cheddar demand

Soaring demand from Asian countries for British cheese has almost quadrupled the value of exports to the continent in the past five years. Exports of British cheese to Asia in…

GRANTS

Financial incentives offered to kick-start Northern Forest

Farmers and landowners in the north of England are being offered a subsidised tree planting package to encourage them to commit land to the new Northern Forest. It is planned…

LAND MARKETS

Buccleuch Estates announces sale of further 10,100ha

Buccleuch Estates has put up for sale a further 10,100ha of farmland in the Scottish borders. The sale is part of a wider programme of restructuring, with the business announcing…

DAIRY MARKETS AND PRICES

Positive outlook for milk prices as global production slows

Global milk production has grown by two-thirds less than expected in 2019, as the world’s major dairy producing regions contend with tight margins and poor weather. Milk output is now…

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FARM ENERGY

Where now for renewable energy on farms?

As financial support for renewable energy disappears, are lower technology costs and increasing climate change publicity creating new opportunities for farmers? Solar The ending of support schemes such as the…

BUSINESS

Housing multiple staff: What farmer landlords need to know

Farmers with staff accommodation housing multiple occupants or who let residential property are reminded that new rules came into force last year. These require them to register their property with…

COMPLIANCE

Top tips on staying legal when removing hedges

The rules around hedgerows can be complex with permissions on what you can do to them changing, depending on the season, their location and even their length. Removing a hedgerow…

TAX

Inheritance tax: Why correct Land Registry records are vital

Farmers will find it easier to protect inheritance tax reliefs if they first register all land with the Land Registry to establish who owns what within a partnership. A large…

PARTNERSHIPS

Video: Share farming partnership gives young farmer a break

Young farmer Aled Morgan faced a tough future in farming - with a family farm not big enough for both him and his brother to work on, there were few…

DIVERSIFICATION

Video: So you want to… set up a livery yard?

Adding horses to a working farm could be a good fit, especially if someone in the business or family already has an equine interest. There is a lively market for…

TAX

How on-farm research and development can cut tax bills

Farming businesses set up as a limited company may be missing out on valuable research and development (R&D) tax credits, according to a firm of accountants. Saffery Champness says corporation…

TAX

How does tax averaging work for farmers?

Farmers have had the option of either using two- or five-year averaging rules to smooth out fluctuating profit levels and, consequently, their annual tax bills since 2016. Previously, farmers could…

BUSINESS MANAGEMENT

4 ways to cut arable fixed costs

Many arable farm businesses are spending much more on fixed costs than they need to and could cut spending by £100/ha or more, according to new research by land agent…

BUSINESS CLINIC

Business Clinic: Neighbour's works causing drainage problems

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Richie Rees of solicitor Thrings offers advice on a tricky neighbour issue which is…

BUSINESS

Business Clinic: Can I get IHT relief on gliding club land?

Different land uses have implications for Inheritance Tax Reliefs. Here Keith Phillips of Duncan & Toplis examines the implications of letting land to a gliding club. Q. I own land…

BUSINESS

Business Clinic: Insurance tips for student harvest help

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Paige Dalby of insurance broker Farmers and Mercantile explains what checks to make when…

BUSINESS

What to do if you're a victim of...fraud

Cybercriminals are increasingly turning their attention to small and medium-sized enterprises including farms, because they know people running these businesses often live and work in isolation and are probably an…

ENVIRONMENTAL SCHEMES

Natural capital: What it is and how to value it on your farm

The importance of protecting and improving the environment is something farmers have always been aware of, but public awareness of the issue, and with it the government’s focus, has sharpened…

DIVERSIFICATION

Video: So you want to… sell milk direct from farm?

Liquid milk is going through an identity crisis. Unchanged branding in supermarkets and limited marketing means dairy alternatives have stolen a march on the white stuff. AHDB Dairy research agrees,…

TENANCIES AND RENTS

What to look out for when signing farm tenancy agreements

Ensuring new tenancy agreements of any length are taken on reasonable terms is vitally important to prevent being committed to unviable obligations. With the current considerable uncertainty around agriculture and…

Business Clinic

BUSINESS CLINIC

Business Clinic: Neighbour's works causing drainage problems

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Richie Rees of solicitor Thrings offers advice on a tricky neighbour issue which is…

BUSINESS

Business Clinic: Can I get IHT relief on gliding club land?

Different land uses have implications for Inheritance Tax Reliefs. Here Keith Phillips of Duncan & Toplis examines the implications of letting land to a gliding club. Q. I own land…

BUSINESS

Business Clinic: Insurance tips for student harvest help

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Paige Dalby of insurance broker Farmers and Mercantile explains what checks to make when…

BUSINESS CLINIC

Business Clinic: How will we fund care home fees?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Mike Westbrook, partner, and Jack Rogers, solicitor, from Thrings offer advice on how entitlement…

 

Markets and trends

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BUSINESS

Dairy sector starved of financial returns says report

The UK liquid milk sector is being starved of the financial returns it needs to fund development, improvement and promotion, a report has concluded. The report –The Future Of The…

TAKING STOCK

Deadweight supply puts pressure on cull cow averages

Cull cow prices came under pressure in May and June for the first time since the start of the year. Great British liveweight averages lifted 23p/kg between January and early…

TAKING STOCK

Spring lambs lose £8 a head in the week

Average new-season lamb prices fell 20p/kg last week across Great Britain as supplies surged, leaving averages at 216/kg on Friday. Auctioneers continued to see numbers forward earlier than last year…

DAIRY MARKETS AND PRICES

Huge rise in cheese exports to Asia fuels cheddar demand

Soaring demand from Asian countries for British cheese has almost quadrupled the value of exports to the continent in the past five years. Exports of British cheese to Asia in…

NEWS

Dairy farmer creates UK’s first mobile milk vending machine

An ingenuitive Yorkshire dairy producer has taken his fresh milk and cheese on the road, to add value to his produce and differentiate from supermarket offerings. Ben Spence, who created…

TAKING STOCK

Bad news for finishing units as prime cattle price falters

The much-needed recovery in deadweight beef prices has slowed this month following a supply spike that has led to processor cuts.  This comes as bad news for finishing units, with…

DAIRY MARKETS AND PRICES

Positive outlook for milk prices as global production slows

Global milk production has grown by two-thirds less than expected in 2019, as the world’s major dairy producing regions contend with tight margins and poor weather. Milk output is now…

CROPS MARKETS AND PRICES

Return to profit for grain merchant Cofco

The UK arm of Chinese grain and input trader Cofco International has seen a return to profit after a growth in revenue. Cofco International UK, known as Nidera until 2017,…

Futures prices

Updated every 15 minutes
Month Price Changeinprice
Jul '19 147.15 0.85
Nov '19 154.00 0.00
Jan '20 156.25 -
Mar '20 158.35 -
May '20 159.55 -0.05
Jul '20 165.85 -
Nov '20 155.95 -
Jan '21 159.50 -

The land market where you live

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LAND MARKETS

The land market where you live: Scotland

More Scottish farmland has come to the market in 2018 than at any point in the previous 10 years. Strong supply has been as much a feature in Scotland as…

LAND MARKETS

The land market where you live: West Midlands

Some big prices were paid in the West Midlands in 2018, with one sale of arable land fetching £15,000/acre. Data from Strutt & Parker emphasises regional agents’ views that there…

LAND MARKETS

The land market where you live: East of England

Plenty of choice and some strong prices have been recorded in the east of England in 2018. There was a big jump in year-on-year supply in the region ­– nearly…

LAND MARKETS

The land market where you live: Wales

Welsh farmland supply increased by 25% to the end of September, but data also shows a softening of values across the board. Savills says more than 10,000 acres have been…