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DIVERSIFICATION

FW Awards: 2018 Diversification Farmer of the Year finalists

Dedication, ingenuity and strong leadership are common traits among this year’s finalists, who have each identified a marketplace and created successful diversified businesses in just a small number of years.…

LAND MARKETS

The perks and pitfalls of marketing your farm privately

A rise in the number of farms sold off-market has been a sustained trend for many years. Strutt & Parker reports 20-25% of sales are now conducted off-market, while Carter…

STAFF MANAGEMENT

Holiday entitlement: Guide to the law for farm employers

The Trades Union Congress recently published figures suggesting that many agricultural workers are not getting their full annual holiday entitlement. Farmers Weekly asked Natalie Ward of law firm Thrings to…

TENANCIES AND RENTS

Unfair tenancy clauses on the rise, says TFA

Tenancy agreements that give landlords unfavourable rights or leave tenants with significant liabilities are becoming more commonplace, according to the TFA. The issue has been made worse by landlords’ agents…

TAX

Income tax relief could lift tenancies and productivity

Higher income tax relief should be made available on let land income, to increase tenancy opportunities and raise agricultural productivity, the Central Association of Agricultural Valuers (CAAV) says. Such a…

PAYMENTS, SCHEMES AND GRANTS

Welsh slurry storage improvement grant scheme to reopen

A £6m scheme offering Welsh farmers capital grants to help them improve their slurry storage and handling will reopen on 3 September. The Welsh government has confirmed another round of…

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MEAT MARKETS AND PRICES

Cheap imports drive biggest pig price fall for eight weeks

Pig prices continued to decline as cheaper imports from the continent put pressure on the competitiveness of UK pork. Low-cost pork from Denmark, Holland and Belgium has been appealing to…

COMPLIANCE

Livestock record errors biggest reason for BPS penalties

Livestock identification and recordkeeping errors are proving to be farmers’ Achilles’ heel when it comes to meeting cross-compliance rules, according to analysis of last year’s inspection results. Defra has published…

CROPS MARKETS AND PRICES

Oilseed rape trade likely to peak by end of the year

Oilseed rape producers should consider marketing a significant proportion of their 2018 crop before the end of the year to capture the highest prices, a trader has advised. Average ex-farm…

BUSINESS

AHDB campaign draws millennials back to dairy

A £1.2m consumer campaign aimed at reminding the public of its love for dairy found that 11% of 26-41-year-olds were less likely to replace dairy products with alternatives – well…

MARKETS AND TRENDS

UK food and drink exports smash another record

UK food and drink exports hit record levels in the first half of 2018 – up by 4% compared with last year and worth £10.6bn. According to Defra, the big…

CROPS MARKETS AND PRICES

Demand will keep barley prices firm

A tight barley crop is closing the price gap with wheat, trailing by an average of just £9/t midweek, compared with £13/t a week earlier. A smaller barley harvest, lower…

PAYMENTS, SCHEMES AND GRANTS

£20m farm productivity and sustainability funding announced

Up to £20m of government funding is up for grabs for businesses to develop systems or equipment which improve productivity and sustainability in agriculture systems. UK farmers and growers can…

BUSINESS

Egg packer Blackdown Hills enters administration

Troubled egg packer Blackdown Hills Enterprises has formally entered administration after ceasing to trade at the end of July. The company, which in its latest financial results posted a turnover …

BUSINESS

Feed price increases erode egg producer margins

Free-range egg producers are calling for a farmgate price increase as the cost of feed continues to spiral. Heatwaves affecting many of Europe’s major wheat-growing nations have hit crop yields,…

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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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Latest from farm managment Know How

DIVERSIFICATION

FW Awards: 2018 Diversification Farmer of the Year finalists

Dedication, ingenuity and strong leadership are common traits among this year’s finalists, who have each identified a marketplace and created successful diversified businesses in just a small number of years.…

STAFF MANAGEMENT

Holiday entitlement: Guide to the law for farm employers

The Trades Union Congress recently published figures suggesting that many agricultural workers are not getting their full annual holiday entitlement. Farmers Weekly asked Natalie Ward of law firm Thrings to…

BUSINESS MANAGEMENT

Force majeure in farm contracts - understand the small print

Force majeure clauses in farm contracts should be checked in light of recent weather conditions, as the hot dry weather is affecting farmers’ ability to meet the requirements to deliver…

BUSINESS MANAGEMENT

Ultimate Guide: How to plant trees on your farm

Planting woodland and trees on farmland has a range of benefits for arable and livestock farmers - as a timber diversification it can provide an extra income stream, it can…

BUSINESS MANAGEMENT

Guide to managing an established on-farm woodland

When the trees you have planted have been in the ground for several years they will have spread their branches. You will probably notice different wildlife species appearing in your…

PAYMENTS, SCHEMES AND GRANTS

Tips on applying for Mid-Tier Countryside Stewardship

With only three weeks until the Countryside Stewardship Mid-Tier 2018 application deadline, Alice De Soer from the Central Association of Agricultural Valuers (CAAV) gives some key pointers for applicants. The…

FINANCE

Peer-to-peer lending for farmers: What you need to know

Peer-to-peer is the modern equivalent of borrowing money from a friend or family. It is a form of borrowing and lending between individuals, or “peers”, without a traditional financial institution…

BUSINESS CLINIC

Business Clinic: Must I hold farm assets until I die?

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: Informal grazing – what are our rights?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Duncan Sigournay, partner and head of agriculture at Thrings, advises on the common…

BUSINESS

Farmers Weekly Awards 2018 - Farm Adviser finalists

The best farms rely on a key team of advisers for their specialist knowledge to make their health and agronomy decisions, access funding and streamline processes. Both the candidates for…

BUSINESS CLINIC

Business Clinic: Should I switch from sheep to deer?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, James Worthington, consultant, Savills Food and Farming sets out what to consider when…

TAX

Claiming exemption from VAT changes: What you need to know

Changes to the way VAT is submitted, coming next April, will affect nearly all businesses with a turnover of more than £85,000, but HMRC has given details on who is…

BUSINESS

Farmers Weekly Awards: Farmworker finalists 2018

Farmworkers are the backbone of many businesses, ably turning their hand to the many different jobs required throughout the agricultural calendar. Their skills and perseverance ensure high standards of animal…

BUSINESS MANAGEMENT

What is lasting power of attorney and why is it so important?

Officially naming someone to have the power to take care of your financial affairs if you suffer an incapacitating illness or injury will allow a your business to function more…

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…

Business Clinic

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BUSINESS CLINIC

Business Clinic: Must I hold farm assets until I die?

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: Informal grazing – what are our rights?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, Duncan Sigournay, partner and head of agriculture at Thrings, advises on the common…

BUSINESS CLINIC

Business Clinic: Should I switch from sheep to deer?

Whether you have a legal, tax, insurance, management or land issue, Farmers Weekly’s Business Clinic experts can help. Here, James Worthington, consultant, Savills Food and Farming sets out what to consider when…

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.…

Markets and trends

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MEAT MARKETS AND PRICES

Cheap imports drive biggest pig price fall for eight weeks

Pig prices continued to decline as cheaper imports from the continent put pressure on the competitiveness of UK pork. Low-cost pork from Denmark, Holland and Belgium has been appealing to…

CROPS MARKETS AND PRICES

Oilseed rape trade likely to peak by end of the year

Oilseed rape producers should consider marketing a significant proportion of their 2018 crop before the end of the year to capture the highest prices, a trader has advised. Average ex-farm…

NEWS

Survey: Farmers hopeful despite longer term uncertainty

More than three-quarters (76%) of farmers feel fairly or very optimistic about their business prospects in the next six months – despite the obvious challenges caused by a lack of…

TAKING STOCK

Muslim festival lifts demand for older lambs

Lamb prices were stoked by 10-15p/kg this week as some producers saw lambs fitting Qurbani specification make more than £2/kg. A somewhat disappointing July lamb trade has been improved by…

BUSINESS

AHDB campaign draws millennials back to dairy

A £1.2m consumer campaign aimed at reminding the public of its love for dairy found that 11% of 26-41-year-olds were less likely to replace dairy products with alternatives – well…

MARKETS AND TRENDS

UK food and drink exports smash another record

UK food and drink exports hit record levels in the first half of 2018 – up by 4% compared with last year and worth £10.6bn. According to Defra, the big…

CROPS MARKETS AND PRICES

Demand will keep barley prices firm

A tight barley crop is closing the price gap with wheat, trailing by an average of just £9/t midweek, compared with £13/t a week earlier. A smaller barley harvest, lower…

CROPS MARKETS AND PRICES

Analysts question how much further grain markets can climb

Domestic grain prices have reported fresh increases as yield forecasts across Europe continue to fall and a deterioration in the value of the pound made importing alternative products costlier. Feed…

Futures prices

Updated every 15 minutes
Month Price Changeinprice
Nov '18 189.00 2.85
Jan '19 191.00 2.85
Mar '19 193.80 2.85
May '19 193.70 2.80
Jul '19 187.60 1.55
Nov '19 171.65 0.75
Jan '20 173.85 0.75
Mar '20 175.05 0.75