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LAND MARKETS

Land with forestry potential sees unprecedented prices

Hill farms and bare land with the potential for planting trees have achieved unprecedented prices due to competitive bidding from commercial forestry investors. This rise in demand was the biggest…

BUSINESS

Divorce law changes set to simplify the process

No-fault divorce is to be introduced into law in England and Wales when the Parliamentary timetable allows, following a decades-long campaign for change. This significance of this should not be…

BUSINESS MANAGEMENT

How to avoid EFA pitfalls in 2019

Defra has tightened the double-funding rules, with implications for farmers as they make this year’s Ecological Focus Area (EFA) calculations. George Badger, farm consultant with Strutt & Parker, explains the…

NVZS

NVZ farmers reminded to update records before deadline

Farmers in a nitrate vulnerable zone (NVZ) in England and Wales must update their livestock and grassland management records by 30 April. If using livestock manure on the holding, the…

DAIRY MARKETS AND PRICES

Dairy report shows costs gap between top and bottom herds

The top 25% of dairy farms are making a margin of up to 12p/litre more than their counterparts in the bottom quartile because of lower costs. AHDB has published its…

DAIRY MARKETS AND PRICES

Brexit stockpiling sees dairy exports and imports rise

Dairy imports and exports have risen sharply since the start of the year, with stockpiling as an insurance against a no-Brexit deal thought to be the key driver. HMRC figures…

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LAND MARKETS

Land ownership revelations prompt Labour calls for new tax

Labour leader Jeremy Corbyn has called for “radical change” after a new book suggested half of England is owned by less than 1% of its population. Some 25,000 landowners –…

TENANCIES AND RENTS

How new rental plans will affect rural tenants and landlords

Abolishing “no-fault” evictions in England, a move described as the biggest overhaul for renters in a generation, could have a huge impact on rural landlords and agricultural tenants. Prime minister…

CRIME

Bank issues cyber-crime warning to farmers

Farmers need to be more vigilant in the face of increasingly sophisticated fraud and cybersecurity attacks, HSBC UK has warned. Criminals stole £1.2 bn through fraud in 2018, with both…

BREXIT

EU grants UK third country status to protect exports

The UK has been granted third country status by the EU, allowing the trade of live animals and animal products with the continent in the event of a no-deal Brexit.…

ENVIRONMENTAL SCHEMES

Biodiversity grants on offer to Midlands farmers

Farmers and landowners across the Midlands have until the end of May to apply to a grant scheme offering funds for projects that will improve biodiversity. Severn Trent has opened…

PAYMENTS, SCHEMES AND GRANTS

NFU announces new wayleave payments for arable land

Arable growers are to receive new payments to compensate for the impact electricity pylons and poles have on farming operations. The new wayleave payments for occupiers start this week and…

BUSINESS

Fram Farmers strengthens insurance service

Farmer-owned co-operative Fram Farmers has launched a dedicated insurance subsidiary. The co-op entered the insurance sector in 2015 as Fram Farmers N-sure and has reported a successful first three years,…

INPUT MARKETS AND PRICES

EU anti-dumping plan could push up liquid nitrogen prices

The outcome of the UK’s Brexit negotiations will be critical for the price of liquid nitrogen fertilisers, following the announcement of EU plans to apply anti-dumping duties on imports from…

FARM ENERGY

Good demand for energy sites in right locations

There is still a healthy market for clean power generation and a growing need for response systems, such as battery storage and gas-peaking plants, despite the government slashing financial support…

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BUSINESS MANAGEMENT

How to avoid EFA pitfalls in 2019

Defra has tightened the double-funding rules, with implications for farmers as they make this year’s Ecological Focus Area (EFA) calculations. George Badger, farm consultant with Strutt & Parker, explains the…

PLANNING PERMISSION

What farmers considering land development need to know

Submitting planning applications for new builds or agricultural building conversions can seem a difficult task but should be seen as an opportunity. Landowners can develop their holdings into residential sites…

BUSINESS CLINIC

Business Clinic: Can executors ignore partnership agreement?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Robert James of solicitor Thrings offers advice on a tricky farming family situation following…

BUSINESS CLINIC

Business Clinic: How does averaging affect insurance claims?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Charlotte Wilson of insurance broker Farmers and Mercantile explains how average reduces the value…

BUSINESS MANAGEMENT

Video: 5 years late and broken promises - broadband stories

With more and more "paperwork" now going online for farmers, broadband speeds – and the lack of it altogether – is becoming an increasing frustration and a barrier to business…

BUSINESS CLINIC

Business Clinic: Can I get 100% tax relief on grain store?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Mark Chatterton, head of agriculture at accountant Duncan & Toplis, offers advice on a…

TAX

How to make the most of savings and pensions to reduce tax

Farmers preparing for the end of the tax year on 5 April have a number of options at their disposal to limit the amount of tax they have to pay.…

LAND MARKETS

Lessons learned from large Lincolnshire family farm sale

Selling the family farm is something most people will never experience, but when the decision is made, both preparation and determination are required to follow through. Some units transcend the…

BPS

Basic Payment Scheme – tips for applying in 2019

With the Basic Payment Scheme (BPS) application window open across the UK by the end of this week, Alice De Soer at the Central Association of Agricultural Valuers (CAAV) offers…

DIVERSIFICATION

So you want to… sell food and drink to the public?

Choosing to sell direct to the public is an attractive option for farmers looking to capture more of the value of their produce – and there is room in the…

COMPLIANCE

How to avoid drone insurance and licensing pitfalls

Farmers with drones are putting themselves at risk of huge fines because of legal confusion over what constitutes commercial use.   Rural insurer NFU Mutual says it is concerned that…

STAFF MANAGEMENT

What farm employers need to know about new payslip rules

New rules come into force on 6 April 2019 that will affect farm employers with workers whose pay varies according to the amount of time worked. The new rules require…

SUCCESSION PLANNING

Why failing to tackle succession can destroy a farm business

Farmers are putting their businesses at risk by failing to tackle the thorny issue of succession as they are worried about jeopardising relations with family members, a mediation expert has…

BUSINESS CLINIC

VAT on let land v crops - is there a difference?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here,Clare Hulme, associate director, Duncan & Toplis, offers advice on the difference between VAT on…

BUSINESS CLINIC

Business Clinic: Care home fees row raises partnership issue

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 with Thrings offer advice on a tricky…

PAYMENTS, SCHEMES AND GRANTS

Countryside Stewardship – tips for 2019 scheme

Key elements of England's Countryside Stewardship opened for applications this week. Alice De Soer at the Central Association of Agricultural Valuers (CAAV) explains what’s new and gives tips on applying.…

Business Clinic

BUSINESS CLINIC

Business Clinic: Can executors ignore partnership agreement?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Robert James of solicitor Thrings offers advice on a tricky farming family situation following…

BUSINESS CLINIC

Business Clinic: How does averaging affect insurance claims?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Charlotte Wilson of insurance broker Farmers and Mercantile explains how average reduces the value…

BUSINESS CLINIC

Business Clinic: Can I get 100% tax relief on grain store?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Mark Chatterton, head of agriculture at accountant Duncan & Toplis, offers advice on a…

BUSINESS CLINIC

VAT on let land v crops - is there a difference?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here,Clare Hulme, associate director, Duncan & Toplis, offers advice on the difference between VAT on…

 

Markets and trends

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TAKING STOCK

Spring lambs surge to cash in on Easter

Hogg finishers and early lambers sold into a rising market last week to capitalise on stronger lamb prices, which auctioneers say could hold through April. A three-fold increase in Great…

CROPS MARKETS AND PRICES

Analysis: Why is wheat price static and when will it move?

Dry weather is having a diverse impact on Europe’s cereal crops with some suffering from the lack of rain, while others have benefited from earlier sowing, leaving UK farmers wondering…

TAKING STOCK

Spring brings firm start to early trade in ewes with lambs

A relatively kind spring has bolstered interest for sheep with lambs at foot in 2019, to leave prices at a similar level to last year, say auctioneers. This is despite…

TAKING STOCK

Beef price remains unprofitable into April

A dire beef trade is plaguing cattle finishers, who have seen deadweight quotations continue to fall through March to leave deadweight prices 22p/kg back on the year. In the marts,…

INPUT MARKETS AND PRICES

EU anti-dumping plan could push up liquid nitrogen prices

The outcome of the UK’s Brexit negotiations will be critical for the price of liquid nitrogen fertilisers, following the announcement of EU plans to apply anti-dumping duties on imports from…

MILK PRICES

Arla milk price held for fourth consecutive month

Dairy farmers supplying Arla will see little change in the price of milk next month after the UK’s biggest cheese manufacturer announced it was holding prices in April. The quarterly…

INPUT MARKETS AND PRICES

Wynnstay profits hit by reduced farmer spending

Livestock farmers are cutting back on spending as a result of the fine spring weather and weakening farmgate prices, according to one of the country’s largest agricultural retailers. Mid-Wales-based Wynnstay,…

TAKING STOCK

Ewe throughputs suggest younger flocks in 2019

A trend towards stricter spring culling policies has resulted in a steady throughput of cull sheep at some UK auction marts, which have met a rising trade through the lambing…

Futures prices

Updated every 15 minutes
Month Price Changeinprice
May '19 163.35 -
Jul '19 165.30 -
Nov '19 148.00 -
Jan '20 150.40 -
Mar '20 152.60 -
May '20 154.00 -
Jul '20 159.95 -
Nov '20 151.10 -

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: 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…

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…