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MEAT MARKETS AND PRICES

Tight supplies of prime lamb expected in New Year

UK prime lamb supplies are beginning to run short, with AHDB forecasting that 10% fewer lambs will be available for slaughter during the first quarter of 2019, than over the…

BUSINESS

Video: How the industry is fighting red meat myths

From being accused of being unhealthy to harming the environment, the red meat industry has bad publicity thrown at it from all corners of the media. But there is a…

COMPLIANCE

Apply now to avoid logjam for drip irrigation licences - NFU

The NFU wants growers with trickle or drip irrigation systems to apply for abstraction licences 12 months ahead of a deadline that precedes new regulations. The legislation will close a…

CROPS MARKETS AND PRICES

OSR prices steady after sharp drop in global crop area revealed

Oilseed rape prices are holding after figures showed a sharp drop in the global area and proposals to restrict EU imports of South American seed for biodiesel. Spot ex-farm prices…

LAND MARKETS

The land market where you live: South-west England

Supply has jumped after a quiet couple of years but values remain strong across the region. The decision by the Crown Estate to sell 3,400 acres of farmland near Taunton…

MEAT MARKETS AND PRICES

Demand crucial for stable pigmeat market in 2019, says AHDB

Declining pigmeat imports combined with export growth could offset rising production to create a relatively stable UK market in 2019, the AHDB has forecast. The levy body’s latest Horizon report…

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INPUT MARKETS AND PRICES

Record animal feed production reflects challenging season

Compound animal feed production has hit record levels with more than 1.1m tonnes produced in October, according to AHDB figures. The figure for the month, at 1.13m tonnes includes production…

BUSINESS

Dismay as MoD takes control of common land

Graziers have voiced dismay after the Ministry of Defence took control of more than 3,000ha of common land in Cumbria. Cumbria County Council approved the deregistration of 3,230ha of common…

BREXIT

Farmers advised to secure inputs ahead of Brexit

Farmers should take action now to secure vital inputs in the event of a messy Brexit next spring, say suppliers. One in four farmers is stockpiling inputs because they are…

WEATHER

Measures needed to fight extreme weather's effects on farms

Resilience measures are urgently needed to combat the effect of extreme weather on food and farming, according to the NFU and NFU Cymru. The summer’s drought highlighted the vulnerability of…

BPS

Two-thirds of farmers in England paid BPS cash

Two-thirds of farmers in England have received their 2018 Basic Payment Scheme (BPS) money – an improvement on previous years, but still the lowest percentage among UK countries. According to…

BUSINESS

Grain prices hold in quiet market

Feed and milling wheat prices have firmed by just over £1/t this week, with few farmers showing any pressure to sell into a quiet market. Farmers Weekly’s Friday price collection…

DAIRY MARKETS AND PRICES

New Year milk price drop for Barbers suppliers

Cheesemaker Barbers is dropping its milk price in January by 1p/litre to 28.8p/litre. The processor cites the need to remain competitive in an unhelpful market as the reason for the…

MEAT MARKETS AND PRICES

Cattle oversupply stalls expected Christmas price rise

Prime cattle prices remain under pressure, with little sign that farmers are going to benefit from a pre-Christmas bounce in values. Deadweight prices for prime cattle have been on a…

GRANTS

Welsh farmers offered free ICT and animal health training

Welsh farmers are being offered free training on computer skills and animal health and welfare as part of a government-funded skills development programme. The Welsh Government says offering free training…

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Farmers Weekly Awards

Farmers Weekly Awards celebrates the very best of British farming by recognising the rewarding innovation, hard work and passion for agriculture. There are nineteen categories spanning the full breadth of the farming industry, now in its fourteenth year it has become a highlight in the farming social calendar.
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BUSINESS CLINIC

Business Clinic: How to charge VAT correctly on cropping

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Mary Maclachlan, VAT specialist with Duncan & Toplis, explains the different…

TAX

Structures and buildings allowance – a guide for farmers

The announcement of a new structures and buildings allowance (SBA) in the Autumn Budget 2018 means erecting and refurbishing farm buildings is now more financially viable. Accountant Old Mill says…

BUSINESS CLINIC

Business Clinic: Neighbour's slurry drains on to my land

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Fred Quartermain, solicitor at Thrings, offers advice on how to tackle…

BPS

Business Clinic: What we know already about 2019 BPS rates

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Ashley Lilley, director of food and farming at Savills, advises on future…

COMPLIANCE

Flying a drone: Everything you need to know about staying legal

Anyone using a drone for commercial purposes must get the correct accreditation or risk heavy penalties under current legislation. This includes farmers who use drones within 150m of a residential…

TAX

Business rates on diversifications: What farmers need to know

Farmers with incomes from diversification projects could face significant bills from their local authority if they overlook the potential pitfalls associated with business rates, an agricultural consultant warns.

 Business rates…

PLANNING PERMISSION

Main planning changes in 2018 for farmers to know about

Housing and planning policies have a big impact on what farmers and landowners can build, where it can be sited, what it will look like and what it can be…

LAND MARKETS

Top 6 issues that hold up farm sales and how to avoid them

Buying or selling a farm can seem like an insurmountable task, full of legal challenges, paperwork problems and stressful decisions. Agents say months can be wasted while questions and answers…

DIVERSIFICATION

So you want to....rent out office and workshop space

Letting buildings for non-farming uses is the most popular form of farm diversification. Conversion of former farm buildings to offices and workshops brings additional income to farms, it can reduce…

TAX

Caution urged when seeking to reduce tax payments on account

Dairy farmers are being advised to take a cautious approach if they are looking to reduce their January tax bill because of lower profit expectations for the 2018-19 milk year.…

BUSINESS MANAGEMENT

What mast site owners need to look out for under new rules

A change in telecoms legislation could have far-reaching implications for landowners who rent out mast sites, as more power has been given to telecoms companies. For several decades, landowners have…

LAND MARKETS

Farm sale 'overage' payments: What farmers need to know

Overage negotiations have become a routine feature of many farm sales. Michael Fiddes, head of estates and farm agency at Strutt & Parker, explains why and outlines the main pros…

BUSINESS

Who will take home the 2018 Bullock Award?

Five success stories are vying for the 2018 Steven and Gill Bullock Award, presented to the Nuffield scholar judged to have done the most with their Nuffield experience 10 years…

TENANCIES AND RENTS

First-time farm tenant revisited: one year on

 It’s a little over a year since 32-year-old Lee Smith and his wife Jenny took on their first farm tenancy at Wolvey Holes Farm in Cambridgeshire. Farmers Weekly has been…

BUSINESS CLINIC

Business Clinic: Is stamp duty payable on land transfer?

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

BUSINESS CLINIC

Business Clinic: Can we get paid for our condemned cow?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Russell Reeves, partner, Thrings, advises on compensation for condemned stock. Q We sold…

Business Clinic

BUSINESS CLINIC

Business Clinic: How to charge VAT correctly on cropping

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Mary Maclachlan, VAT specialist with Duncan & Toplis, explains the different…

BUSINESS CLINIC

Business Clinic: Neighbour's slurry drains on to my land

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Fred Quartermain, solicitor at Thrings, offers advice on how to tackle…

BPS

Business Clinic: What we know already about 2019 BPS rates

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Ashley Lilley, director of food and farming at Savills, advises on future…

BUSINESS CLINIC

Business Clinic: Is stamp duty payable on land transfer?

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

 

Markets and trends

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INPUT MARKETS AND PRICES

Record animal feed production reflects challenging season

Compound animal feed production has hit record levels with more than 1.1m tonnes produced in October, according to AHDB figures. The figure for the month, at 1.13m tonnes includes production…

TAKING STOCK

Christmas sales bring primestock lift

Auction mart prime lamb and beef prices have lifted into December, strengthened slightly by the usual upturn in Christmas demand. Last week saw Great British prime lamb liveweight SQQs average…

BUSINESS

Grain prices hold in quiet market

Feed and milling wheat prices have firmed by just over £1/t this week, with few farmers showing any pressure to sell into a quiet market. Farmers Weekly’s Friday price collection…

MEAT MARKETS AND PRICES

Cattle oversupply stalls expected Christmas price rise

Prime cattle prices remain under pressure, with little sign that farmers are going to benefit from a pre-Christmas bounce in values. Deadweight prices for prime cattle have been on a…

MEAT MARKETS AND PRICES

Chinese demand may lift pig market from doldrums

Market signals suggest pigmeat exports to China and the USA may be about to pick up, providing a boost in demand for a generally quiet trade, according to the AHDB.…

TAKING STOCK

Cull cows cheaper as processors take more

A surge in cull cow volumes passing through processors has led to a price drop as farms take a ‘no passengers’ approach before heading into winter. Weekly deadweight throughputs are…

MILK PRICES

First Milk holds milk price to stay in line with the pack

The largest UK farmer-owned co-op has held its December milk price, keeping itself in line with the majority of other dairy processors. The milk buyer will continue to pay 28.5p/litre…

DAIRY MARKETS AND PRICES

Mountain of EU SMP intervention stock halved since 2015

The vast quantities of EU skim milk powder (SMP) kept in intervention stocks have halved since its creation in 2015, according to the European Commission. Just 190,000t of the 380,000t…

Futures prices

Updated every 15 minutes
Month Price Changeinprice
Jan '19 173.30 -
Mar '19 175.95 -
May '19 178.00 0.00
Jul '19 180.30 -
Nov '19 161.70 -0.20
Jan '20 163.75 -
Mar '20 165.20 -
May '20 166.25 -