Business top stories

LAND MARKETS

Farmland marketed in England hits 10-year high

Supplies of farmland marketed in England has hit the highest level in 10 years after an exceptional amount came forward in the past three months. According to Strutt & Parker’s…

BUSINESS

Farmers question HMRC's readiness for Making Tax Digital

An under-pressure HMRC has admitted to a number of farmers that it is unable to process new applications for exemption from Making Tax Digital until next month. The agency also…

BUSINESS MANAGEMENT

Compulsory purchase of farmland: Compensation explained

Farmers across the UK are being plagued by authorities taking ownership of their land under hard-to-contest compulsory purchase orders. Despite being forced to sell land, give up businesses and temporarily…

STAFF MANAGEMENT

Free management skills workshops open for farmers

A series of new workshops has been set up for farmers and growers to learn and develop supervisory skills. The workshops are funded by the AHDB and aimed at individuals…

LAND MARKETS

Unique historic estate to hit market in Nottinghamshire

Great Britain’s last medieval farming estate is set to hit the open market with a guide price of £7m. The Crown Estate has moved forward with its plan to market…

TAX

How tax relief can reduce the cost of buying a farm

Farm buyers often do not realise that they could claim tax relief on parts of their purchase. In many instances, relief is available on the value of plant, machinery and…

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MEAT MARKETS AND PRICES

Chick placings hit September record above 90m birds

The number of chick and poult placings broke records in the month of September after exceeding 90m birds. At 90.3m placings in total, the highest number ever recorded by Defra,…

BREXIT

Family farms will ‘slip away’ without Brexit help

A rural charity founded by Prince Charles has warned that family farms will need help adapting to life without direct payments after the UK leaves the European Union. Claire Saunders,…

BREXIT

Defra commits to cash support for producer organisations

A government decision to maintain the annual €40m (£35m) EU funding for producer organisations (POs) has been hailed as a huge boost for the fruit and vegetable sector. The decision…

TAX

One-fifth of farmers still in dark over VAT changes

With less than six months to go until a new system for submitting VAT is in operation, nearly one-fifth of farmers do not know what HMRC's Making Tax Digital is.…

CROPS MARKETS AND PRICES

Malting barley premium over feed hits seven-year high

Malting barley growers who manage to hit spec this season stand to cash in with premiums over feed running at a seven-year high due to a lack of quality barley…

CROPS MARKETS AND PRICES

Glencore blames £4m loss on lack of exportable surplus

Grain trader Glencore Agriculture UK has plunged to a £4m pre-tax loss after a sharp dip in the number of tonnes traded. Its annual financial report, made up to 31…

CAREERS AND PERSONAL DEVELOPMENT

Farmers urged to get behind new trailblazer apprenticeships

Farmers are being urged to be proactive in taking forward trailblazer apprenticeships for young people looking to become a stockperson or a crop technician, as part of efforts to develop…

STAFF MANAGEMENT

Farmworkers need pay rise to keep up with living wage

Pay rises for farm staff in England may have to be at a higher rate than in recent years to keep up with changes in the National Living Wage and…

BPS

Subsidy payments set for second strong year

UK farmers can look forward to subsidy cheques at about the same level as last year after the weak value of sterling kept currency conversion rates favourable. Under Common Agricultural…

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OCTOBER
30

Farm Succession Planning

Farm Succession Planning offers the whole farming family the chance to learn how to approach this difficult subject. The one-day conference will provide a full agenda with panel discussions, breakout sessions, and networking where you can speak freely among peers.
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BUSINESS MANAGEMENT

Compulsory purchase of farmland: Compensation explained

Farmers across the UK are being plagued by authorities taking ownership of their land under hard-to-contest compulsory purchase orders. Despite being forced to sell land, give up businesses and temporarily…

TAX

How tax relief can reduce the cost of buying a farm

Farm buyers often do not realise that they could claim tax relief on parts of their purchase. In many instances, relief is available on the value of plant, machinery and…

FARM ENERGY

Advice for farmers on letting land for solar projects

Development of new large-scale solar projects is increasing again after virtually stalling when the government axed the main support mechanism three years ago. Lower equipment costs, rising wholesale energy prices…

FINANCE

Remortgaging – how to reduce costs, stress and time

Remortgaging farm properties is a similar process to buying, so good preparation is vital to keep time, cost and stress to a minimum. Lenders will want to ensure that their…

STAFF MANAGEMENT

Legal tips when taking on a new member of staff

What legal procedures need to be followed when taking on a new member of staff? Farmers Weekly asked Jeanette Wheeler, partner and employment law specialist with Birketts, to go through…

BUSINESS CLINIC

Business Clinic: How can I check arable costs of production?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Stephen Lockwood, food and farming director at Savills, advises benchmarking to…

BUSINESS CLINIC

Business Clinic: Messy tenants and animal damage to cars

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Russell Reeves at Thrings offers advice on how to deal with…

BUSINESS MANAGEMENT

Rural property fires: Risks, rules and prevention tips

More heating and lighting is used in the winter months, so the risk of fire is higher. While there is concern over the risks Strutt, & Parker’s health and safety…

BUSINESS CLINIC

Business Clinic: Using arable profits to prepare for Brexit

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Mark Chatterton of accountant Duncan & Toplis advises on the tax…

LAND MARKETS

Farm and land spring sales: What you should prepare

Those looking to put farms on the market in spring should use the winter months to prepare and enhance the value of their property, advise agents. Despite moves towards a…

DIVERSIFICATION

So you want to... offer self-storage on farm?

People need storage for all sorts of reasons at different points in their lives. Farmers Weekly looks at the growing market for self-storage and the opportunity it offers farmers. We…

BUSINESS CLINIC

Business Clinic: Borrowing to buy land - what to consider

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Charles Skelton of Savills sets out what to consider when increasing…

BUSINESS MANAGEMENT

Farm business tips from Farmers Weekly Award winners

Building a successful farm business doesn’t happen overnight – it takes great ideas, passion, determination and years of hard work to see it through. It is a critical time for…

PLANNING PERMISSION

What you need to check before modifying old farm buildings

Landowners who have a listed farmhouse on their property should consider seeking professional advice before modifying nearby old farm buildings, to avoid breaking the law. Farm buildings that pre-date July…

BUSINESS CLINIC

Business Clinic: What can I do about faulty milking robots?

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

BUSINESS CLINIC

Business Clinic: Is rollover relief repaid on death?

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 accountant Hazlewoods, offers advice on how…

Business Clinic

BUSINESS CLINIC

Business Clinic: How can I check arable costs of production?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Stephen Lockwood, food and farming director at Savills, advises benchmarking to…

BUSINESS CLINIC

Business Clinic: Messy tenants and animal damage to cars

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Russell Reeves at Thrings offers advice on how to deal with…

BUSINESS CLINIC

Business Clinic: Using arable profits to prepare for Brexit

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Mark Chatterton of accountant Duncan & Toplis advises on the tax…

BUSINESS CLINIC

Business Clinic: Borrowing to buy land - what to consider

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Charles Skelton of Savills sets out what to consider when increasing…

 

Markets and trends

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MEAT MARKETS AND PRICES

Chick placings hit September record above 90m birds

The number of chick and poult placings broke records in the month of September after exceeding 90m birds. At 90.3m placings in total, the highest number ever recorded by Defra,…

TAKING STOCK

Heavier lambs not being rewarded in autumn flush

Heavy lamb values are suffering at centres across the country amid an autumn flush of grass and plentiful lamb supplies. Monday’s sales saw heavy lambs (45.6-52kg) discounted at most marts,…

MARKETS AND TRENDS

Organic herd hits 2,200gns at Exeter

Fresh milk was in huge demand at the dispersal of the Gent family’s organic herd of 475 Friesian and crossbred cattle at Exeter Livestock Centre on Monday (15 October). Cattle…

TAKING STOCK

Beef breeding sales show money is tight

Market uncertainty and rising costs resulted in some bargains for buyers at Carlisle’s latest bulls sales (5 October). A good-quality entry found the best stock "well sold" but saw steadier…

CROPS MARKETS AND PRICES

Malting barley premium over feed hits seven-year high

Malting barley growers who manage to hit spec this season stand to cash in with premiums over feed running at a seven-year high due to a lack of quality barley…

CROPS MARKETS AND PRICES

Glencore blames £4m loss on lack of exportable surplus

Grain trader Glencore Agriculture UK has plunged to a £4m pre-tax loss after a sharp dip in the number of tonnes traded. Its annual financial report, made up to 31…

TAKING STOCK

Feed worries are still hampering commercial dairy trade

Rising feed costs and winter forage shortages are still stifling an otherwise much firmer dairy trade, which has been strengthening since the summer lows. First-choice cows and fresh heifers giving…

TAKING STOCK

Running lamb glut prompts calls for greater selectivity

Demand for Mule running lambs (lambs for breeding next year) has been hugely constrained following extremely difficult production conditions and is depressing averages at flagship sheep sales. Bleak lambing conditions…

Futures prices

Updated every 15 minutes
Month Price Changeinprice
Nov '18 176.25 0.40
Jan '19 178.70 0.50
Mar '19 180.05 0.65
May '19 180.75 0.85
Jul '19 182.00 0.55
Nov '19 162.95 0.10
Jan '20 164.75 0.10
Mar '20 166.10 0.10