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MEAT MARKETS AND PRICES

Lamb price falls below five-year average

Warm weather has caused the price of lamb to tumble below the five-year average for the first time since May 2017, despite the number of animals going through markets being…

MILK PRICES

Welsh creamery opens recruitment book after record sales

Welsh dairy co-operative Caernarfon Creameries is looking to expand production by recruiting more producers, having recorded record sales figures in 2017-18. The North Walian milk processor, with 127 farmer owners…

DIVERSIFICATION

Boxed meat beefs up farm margins and keeps it local

Chris and Victoria Eveleigh have farmed at West Ilkerton on Exmoor for 32 years, running pedigree Devon cattle and Exmoor horn sheep. Together with their daughter Sarah, they have started…

BUSINESS

Farmer-owned Angus Cereals in administration

Farmer-owned storage and marketing co-op Angus Cereals Limited has gone into administration. Iain Fraser and Tom MacLennan, partners at business advisory firm FRP Advisory, were appointed joint administrators on 12…

LAND MARKETS

Should you consider buying farmland overseas?

UK buyers of international farmland are few in number but the benefits associated with owning an asset overseas could benefit farmers looking to spread their risk for the future. Slim…

MEAT MARKETS AND PRICES

Finished cattle numbers rise as hot weather forces sales

The weather is putting finishers under pressure and more cattle are coming forward. Demand for beef is good, but auction markets in the week to Tuesday (10 July) saw finished…

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BUSINESS

French switch to Spanish lamb as GB exports plummet

UK sheep farmers have paid the price for high lamb prices earlier in the season as foreign buyers have switched to alternative markets. Sheepmeat exports to France declined after the…

BREXIT

Brexit could make cheese an occasional luxury, co-op says

The UK’s largest dairy co-op Arla, has warned of shortages of staple dairy products and spiralling consumer price increases as a result of Brexit – regardless of a hard or…

BUSINESS

Hedgecutting derogation in England – still time to apply

There is just still time to apply for a derogation from the hedgecutting ban in England on land where oilseed rape or temporary grass will be drilled in August. Farmers…

BUSINESS

Derogation call for EFA catch crops 20 August deadline

The NFU has asked Defra to seek a derogation for farmers unable to establish ecological focus area (EFA) catch crops by the 20 August deadline because of the hot, dry…

COMPLIANCE

Plans laid out for a single farm inspection body

A more holistic approach to farm inspections and a single field force is essential if the UK is to reduce the burden of farm inspections post Brexit. According to an…

LAND MARKETS

Small rise in new lettings highlights tight rental market

New lettings of farmland in England and Wales rose by just over 3% in 2017, to 73,199 acres. Let land in England represents more than 35% of the agricultural land…

TENANCIES AND RENTS

Brexit could mean more farm renting opportunities

A domestic agriculture policy could see big shifts in land use and significantly more rental opportunities after the UK leaves the EU. Leaving will bring a more challenging and a…

BREXIT

Agri-business confidence to fall significantly after Brexit

The current positive outlook for business prospects is set to worsen significantly after Brexit, according to a survey of farms and agri-businesses in the north-east of England. Conducted by the NFU,…

ENVIRONMENTAL SCHEMES

Welsh farmers offered grants for water management projects

Farmers in Wales are being invited to apply for capital grants of up to £5,000 for projects that will improve water quality and reduce the risk of flooding. The Glastir…

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CAREERS AND PERSONAL DEVELOPMENT

How experience outside farming improves your ag career

Gaining experience in a non-agricultural profession often gives returning farmers a new outlook and makes them more innovative and open to new ideas. That’s according to Claire Wright, rural surveyor…

DIVERSIFICATION

Boxed meat beefs up farm margins and keeps it local

Chris and Victoria Eveleigh have farmed at West Ilkerton on Exmoor for 32 years, running pedigree Devon cattle and Exmoor horn sheep. Together with their daughter Sarah, they have started…

LAND MARKETS

Should you consider buying farmland overseas?

UK buyers of international farmland are few in number but the benefits associated with owning an asset overseas could benefit farmers looking to spread their risk for the future. Slim…

BUSINESS

Welsh farmers help community install faster broadband

A dozen farmers in a Welsh rural hamlet with dismal broadband connections have helped residents and businesses access one of the fastest internet speeds in the UK by granting free…

TENANCIES AND RENTS

Top 8 farm tenancy issues and how to solve them

Many issues are likely to arise during the lifetime of an agricultural tenancy, but all can be solved with good landlord-tenant communication, informed consent and careful consideration, writes Philip Meade, Davis…

BUSINESS MANAGEMENT

Why careful investigation is vital before taking on a tenancy

Tenants taking on long-term farming tenancies need to take the same detailed and wide-ranging approach one does when buying a farm. A case in which tenant farmers were awarded £1.75m…

TENANCIES AND RENTS

4 farmers tell us how they secured county council tenancies

Cambridgeshire County Council’s Farms Estate is the largest in England and Wales. Four farmers who have successfully secured a Cambridgeshire tenancy tell us about the process and offer advice for…

TENANCIES AND RENTS

Expert tips on how to apply for a farm tenancy

Creating a new farm tenancy agreement is a major decision for both potential tenants and landlords, and the application process takes up a lot of time, effort and energy. To…

TENANCIES AND RENTS

The struggle to find a tenancy for one young farming couple

A Somerset couple are searching for a tenancy to bring their farming dream to life, but as first-generation farmers, they have struggled to be taken seriously in the competitive market.…

BUSINESS CLINIC

Business Clinic: Can we collect holiday bungalow rent arrears?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Duncan Sigournay of Thrings advises on a property rent arrears question.…

COMPLIANCE

Changing land use – what farmers need to know

Farmers must follow legal procedures before changing the use of any land classified as uncultivated or semi-natural. The Environment Impact Assessment (EIA) regulations protect uncultivated or semi-natural land from changes in…

BUSINESS MANAGEMENT

How to resolve commercial disputes and keep costs down

Getting drawn into court battles to resolve commercial legal wrangles risks incurring potentially crippling costs, warns Paul Matthews a partner at law firm Birketts. All too quickly and far too…

BUSINESS MANAGEMENT

Business Clinic: Should I sell grain forward?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, James McFarlane of Savills advises on grain marketing plans. Q. My…

BUSINESS

Last chance to submit RLE1 paperwork to avoid payment delays

Farmers in England using hedges to meet their greening requirements or as part of a Countryside Stewardship claim risk payment delays if they fail to submit any outstanding RLE1 forms…

DIVERSIFICATION

Free-range poultry growth offers diversification opportunity

One of the UK’s largest free-range chicken producers is looking for arable farmers to invest up to £1m and diversify into contract poultrymeat production. Traditional Norfolk Poultry (TNP) already operates…

BUSINESS CLINIC

Business Clinic: Tax implications of letting out farm land

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Peter Griffiths, tax director at Hazlewoods, advises on the tax considerations…

Business Clinic

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BUSINESS CLINIC

Business Clinic: Can we collect holiday bungalow rent arrears?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Duncan Sigournay of Thrings advises on a property rent arrears question.…

BUSINESS MANAGEMENT

Business Clinic: Should I sell grain forward?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, James McFarlane of Savills advises on grain marketing plans. Q. My…

BUSINESS CLINIC

Business Clinic: Tax implications of letting out farm land

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Peter Griffiths, tax director at Hazlewoods, advises on the tax considerations…

BUSINESS MANAGEMENT

Business Clinic: How can I make returning to the farm work?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Michael Mack of Savills advises on issues likely to arise when…

Markets and trends

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MARKETS AND TRENDS

Grass shortage making store trade more selective

Store cattle prices remain firm for quality but reports from around the countryside suggest more selective bidding is creeping in on longer-keep cattle as the dry spell continues. A larger…

CROPS MARKETS AND PRICES

Regional grain prices vary on lack of sales

Grain prices vary wildly between regions as the wheat harvest approaches and farmers become even more reluctant sellers. Midweek saw quotes for August feed wheat up by £5/t-£8/t on the…

BUSINESS

Fuel price warning over supply fears and duty hike rumours

Red diesel prices are returning close to their 2018 peak and could rise higher before the end of harvest after crude oil prices jumped on market concerns that supplies are…

BUSINESS

Farmgate milk prices predicted to rise into September

The farmgate milk price is expected to rise over the next three months, according to figures released by AHDB Dairy. The levy board said the predicted increases were based on…

TAKING STOCK

Heavy lambs wanted as trade slips back on the year

Weight has been paying at marts this spring as sluggish lamb production has left some farms having to sell lighter lambs (37-38kg) with throughputs 30-40% back on the year and…

MARKETS AND TRENDS

Drop in livestock throughput due to cold spring

The effect of the cold spring is showing up in a sharp decline in calf numbers on UK farms and low finished lamb throughputs. The freezing temperatures in March and…

BUSINESS

Beef prices holding firm amid tight supplies

Sustained demand for UK beef, combined with a reduction in prime cattle throughputs, have firmed prices further. There was a 3% drop in prime cattle slaughterings to 31,600 head for…

MEAT MARKETS AND PRICES

Tight supplies predicted to preserve Scots meat prices

Red meat producers in Scotland are likely to see strong prices for beef and lamb for the remainder of the year as tight supplies give farmers the upper hand over…

Futures prices

Updated every 15 minutes
Month Price Changeinprice
Nov '18 171.70 0.55
Jan '19 174.10 -
Mar '19 176.65 -
May '19 176.50 0.50
Jul '19 176.00 -
Nov '19 165.15 0.35
Jan '20 167.20 -
Mar '20 168.15 -