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TAX

Advice on selling farm dwellings before CGT rule change

Capital gains tax (CGT) rules on residential property are being tightened from April 2020, so farmers and landowners may want to try to complete any planned sales before this deadline,…

TAX

Advice on IHT reliefs for farmers with diversifications

Diversified businesses need to regularly review their position to ensure that valuable reliefs from inheritance tax (IHT) are not lost by default, warn advisers. While qualifying farming assets may attract…

CROPS MARKETS AND PRICES

Food firms fined £13.2m for wheat market manipulation

Two global food manufacturers have been fined £13.2m (US$16m) for manipulating wheat prices in 2011. The US Commodity Futures Trading Commission (CFTC) imposed the penalty on Thursday (14 August) along…

MEAT MARKETS AND PRICES

Irish beef producers in line for £93 a head in special aid

Irish beef producers will be able to apply on Monday (19 August) for a share of the €100m (£93m) exceptional aid package – sanctioned by the European Union to compensate…

LAND MARKETS

What puts land and property buyers off farmland?

The most important part of preparing land and property for sale is ensuring everything a potential buyer wants to know is legally documented and presented clearly, say agents. This includes…

MARKETS AND TRENDS

Farming optimism fades as output prices put under pressure

The Farmers Weekly Sentiment Tracker has been running for a year, taking a monthly snapshot of farmers’ attitudes to the economic and political world they operate in – and from…

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LIVESTOCK

Grass covers and tight global supply support store lambs

Nervous early store lamb sales have been firm and, at times, ahead of last year’s drought-hit August trade, with auctioneers thanking timely rains and market confidence. Buyers and sellers have…

MARKETS AND TRENDS

Weak pound pushes up farm costs

The pound has lost 8% of its value in just three months, making imported inputs more expensive but offering better export prospects for some UK farm produce. With a no-deal…

MEAT MARKETS AND PRICES

Talks to end Irish beef crisis make progress

Talks between Meat Industry Ireland (MII) and representatives of farmer lobby, the Beef Plan Movement Group, made progress on market transparency and the introduction of a price index, according to…

MEAT MARKETS AND PRICES

Farmers in plea to halt decline of Scottish beef sector

Greater collaboration as well as government action are needed to help stem the decline of Scotland's beef sector, producers were told at a special Beef Summit held in Sterling on…

ENVIRONMENTAL SCHEMES

NI farmers must act quickly to secure environmental payments

Farmers in Northern Ireland have just one month to submit applications for the latest Environmental Farming Scheme (EFS) Wider Level, following the opening of the scheme next Monday (19 August).…

BPS

Interest free loans for Welsh farmers from BPS day one

Interest-free government loans will be available to Welsh farmers who don’t receive their Basic Payment Scheme (BPS) cash on 2 December – day one of the payments window. Loans under…

BPS

Farmers face BPS penalties under updated nutrient programme

Farmers in Northern Ireland are being warned that failure to comply with tougher rules on the application of chemical fertilisers containing phosphorus could see them facing Basic Payment Scheme (BPS)…

SUGAR BEET

Sugar beet dispute threatens to scupper cropping plans

A sugar beet price dispute means farmers face the unwelcome prospect of deciding whether to continue growing the crop without knowing how much it will be worth. Beet prices are…

MEAT MARKETS AND PRICES

Talks underway to end Irish beef crisis

Irish farmers have suspended their protests outside more than 20 meat processing plants as talks get underway to find a solution to the current beef crisis. Irish farm minister Michael…

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Latest from farm management Know How

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TAX

Advice on selling farm dwellings before CGT rule change

Capital gains tax (CGT) rules on residential property are being tightened from April 2020, so farmers and landowners may want to try to complete any planned sales before this deadline,…

TAX

Advice on IHT reliefs for farmers with diversifications

Diversified businesses need to regularly review their position to ensure that valuable reliefs from inheritance tax (IHT) are not lost by default, warn advisers. While qualifying farming assets may attract…

LAND MARKETS

What puts land and property buyers off farmland?

The most important part of preparing land and property for sale is ensuring everything a potential buyer wants to know is legally documented and presented clearly, say agents. This includes…

FARM ENERGY

How the new renewable electricity export scheme works

A new scheme has been launched promising a guaranteed market for surplus electricity generated by renewable energy installations. We asked Roadnight Taylor senior consultant Richard Palmer to explain what the…

DIVERSIFICATION

So you want to… get into contracting?

Farmers and contractors work in partnership to get the biggest and most specialist jobs done throughout the year. As machinery and labour get ever expensive and difficult for an individual…

DIVERSIFICATION

How contractors achieved substantial year-on-year growth

Brian Thompson and Rachel Timms operate BTAC Groundworks and Agricultural, undertaking jobs from site clearance and digging foundations to hedging and fencing throughout Leicestershire and Rutland. Since establishing the business…

COMPLIANCE

10 most common cross-compliance breaches and how to avoid them

Failing to conform to bovine tuberculosis testing intervals has topped a livestock-heavy list of the most common cross-compliance breaches. The rules apply to all Basic Payment Scheme (BPS) claimants and…

STAFF MANAGEMENT

Taking on an apprentice – what farm employers need to know

Apprenticeships offer young people an opportunity to earn while they earn, but what is involved from an employer’s perspective?  We answer the frequently asked questions and provide information on where…

BUSINESS CLINIC

Business Clinic: Advice on RHI and planning permission

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Clare Davey of Carter Jonas provides some analysis of recent changes to the Renewable…

BUSINESS CLINIC

Business Clinic: Can an executor’s decision be challenged?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Robert James tackles the rights of a beneficiary in challenging the decision of an…

ENVIRONMENTAL SCHEMES

How land drainage project is benefiting grazing and wildlife

A £2m project benefiting farmers and the environment is being heralded as a blueprint for similar land management schemes after the UK leaves the European Union. Bringing together conservationists, landowners…

PLANNING PERMISSION

Farmworker dwelling permission: What you need to know

Getting planning permission for a farmworker’s dwelling can be tricky as significant documentary evidence will need to be compiled to show the planning authority that there is a clear need.…

TENANCIES AND RENTS

What to do if your landlord requests a surrender and re-grant

A surrender and re-grant is where an existing tenancy is extinguished and a replacement tenancy is created in one move. There are a number of scenarios in law where a…

BUSINESS MANAGEMENT

How to make sure your telecom mast agreement is fair

Mobile phone operators and landowners are locked in a battle of nerves over what is a fair rental for a telecom mast. Paul Williams, telecoms specialist with Strutt & Parker,…

HEALTH AND SAFETY

Lung disease in farmers - how to keep safe

There are many health and safety hazards in farming, such as working from height, working with big machinery and handling livestock. One conditions that is discussed less often is a…

DIVERSIFICATION

So you want to... open a campsite

An estimated 15.7m domestic camping and caravanning trips were made in the UK last year, making it a potentially lucrative additional income for farmers with land to spare. So how…

Business Clinic

BUSINESS CLINIC

Business Clinic: How likely is inheritance tax reform?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Nicholas Smith of Duncan & Toplis tackles an inheritance tax issue. Q. My parents…

BUSINESS CLINIC

Business Clinic: Advice on RHI and planning permission

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Clare Davey of Carter Jonas provides some analysis of recent changes to the Renewable…

BUSINESS CLINIC

Business Clinic: Can an executor’s decision be challenged?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Robert James tackles the rights of a beneficiary in challenging the decision of an…

BUSINESS CLINIC

Business Clinic: How can I insure crop failure risk?

Whether it’s a legal, tax, insurance, management or land issue, Farmers Weekly’s experts can help. Here, Hannah Hubbard of insurance broker Farmers & Mercantile explains crop cover and crop shortfall…

 

Markets and trends

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LIVESTOCK

Grass covers and tight global supply support store lambs

Nervous early store lamb sales have been firm and, at times, ahead of last year’s drought-hit August trade, with auctioneers thanking timely rains and market confidence. Buyers and sellers have…

MARKETS AND TRENDS

Weak pound pushes up farm costs

The pound has lost 8% of its value in just three months, making imported inputs more expensive but offering better export prospects for some UK farm produce. With a no-deal…

MEAT MARKETS AND PRICES

Talks to end Irish beef crisis make progress

Talks between Meat Industry Ireland (MII) and representatives of farmer lobby, the Beef Plan Movement Group, made progress on market transparency and the introduction of a price index, according to…

MEAT MARKETS AND PRICES

Farmers in plea to halt decline of Scottish beef sector

Greater collaboration as well as government action are needed to help stem the decline of Scotland's beef sector, producers were told at a special Beef Summit held in Sterling on…

TAKING STOCK

Calf prices woe at trade down as much as 25% on year

Continued unprofitable prime beef values have eroded calf prices at auction marts this summer, with calf trade 15-25% back on the year. National AHDB data suggests dairy farms are taking…

PIGS

EU pork exports treble, but GB prices stay in slow lane

European pork exports have almost trebled in value, on a 31% increase in volume as China looks to plug the yawning supply gap created by African swine fever (ASF). But…

DAIRY MARKETS AND PRICES

No bull calf left behind for Morrisons' dairy farmers

The 200 dairy farmers supplying Morrisons for Arla are for the first time being guaranteed a home for all bull calves produced. Farmers will have the right to sell all…

MEAT MARKETS AND PRICES

Push to secure export deals for British game birds

A campaign is under way to open up export markets for British game birds in Japan, Hong Kong and Canada, as part of a wider strategy to secure the future…

Futures prices

Updated every 15 minutes
Month Price Changeinprice
Nov '19 137.60 0.40
Jan '20 138.75 -
Mar '20 141.75 -
May '20 144.50 -0.50
Jul '20 152.00 -
Nov '20 146.00 -1.00
Jan '21 148.50 -
Mar '21 151.00 -

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: 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…

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…