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Basic Payment Scheme 2021

December 2021 Agriculture BPS

By the time you are reading this, hopefully you will have received your 2021 BPS payment. 2021 is the first year when the RPA have applied the phasing out reductions…

Basic Payment Scheme 2021
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Basic Payment Scheme 2021

December 2021

By the time you are reading this, hopefully you will have received your 2021 BPS payment. 2021 is the first year when the RPA have applied the phasing out reductions to BPS payments, and therefore, although payment rates are slightly higher for 2021 than 2020, you will have received less, due to the reductions applied.

The reductions applied on the 2021 payment are as follows:
Payment up to £30,000 – 5% reduction
Payment between £30,000 and £50,000 – 10% reduction
Payment between £50,000 and £150,000 – 20% reduction

This reduction will increase in 2022 and will be as follows:
Payment up to £30,000 – 20% reduction
Payment between £30,000 and £50,000 – 25% reduction
Payment between £50,000 and £150,000 – 35% reduction

We recommend that you check the payment you have received very carefully to make sure that it is correct. If you would like assistance in checking your payment, or have any other BPS query then do get in touch with us here at PFK and we would be more than happy to assist.

T: 01768 866611
E: landagency@pfk.co.uk

Land Agency Winter Newsletter

December 2021 News News

Have you seen our latest newsletter? Click below to view: https://mailchi.mp/041df5ad6808/3w3ybvj9fz-10579325 Don't forget to hit Subscribe to be kept up to date with our…

Land Agency Winter Newsletter
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Land Agency Winter Newsletter

December 2021 News

Have you seen our latest newsletter?

Click below to view:

https://mailchi.mp/041df5ad6808/3w3ybvj9fz-10579325

Don’t forget to hit Subscribe to be kept up to date with our latest news!

PFK Land Agency Appoints New Graduate

November 2021 News News

PFK is pleased to announce the appointment of James Morgan to our Land Agency and Professional Services team as a Graduate Land Agent. James grew up on the Suffolk coast…

PFK Land Agency Appoints New Graduate
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PFK Land Agency Appoints New Graduate

November 2021 News

PFK is pleased to announce the appointment of James Morgan to our Land Agency and Professional Services team as a Graduate Land Agent. James grew up on the Suffolk coast attending the Royal Hospital School, near Ipswich, on the Holbrook peninsula and completed his university degree in Rural Enterprise and Land Management at Harper Adams University.

James has thoroughly enjoyed his first few weeks at PFK and is very excited to be working in an environment that is “client focused” and tailors it’s professional services according to the client’s need. He has also found that “settling in” has been a very easy process due to the helpful and friendly team at PFK.

James feels that his passion for the countryside and involvement in country sports, being a keen shot and sportsman, has had a significant impact on his decision to pursue a career in land agency. He firmly believes that joining PFK at this time of great change, with ELM coming on stream, is an exciting opportunity to be involved in the next chapter of land management. James is eager to get to know the clients and looks forward to working with them.
David Stout commented: “We are delighted to welcome James into our growing team at a time of great change within the rural sector, when the provision of good advice to existing and future clients has never been greater.
“James greatly enjoyed the year he spent on placement in our area, being keen to return on completion of his degree, so will be a natural fit for the department as he sets out on his career in Land Agency.
“He will add greatly to the business and the range of services we provide throughout the area.”

Planning for the Future

November 2021 Agriculture Planning RICS Valuations News

There has been plenty written recently about planning for the future given the changes which are pending in the agricultural industry, but one type of planning which seems to be…

Planning for the Future
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Planning for the Future

November 2021 News

There has been plenty written recently about planning for the future given the changes which are pending in the agricultural industry, but one type of planning which seems to be in short supply is the planning on how to pass on your farm to the next generation.

In a recent survey carried out by NFU Mutual, it found that 52% of farmers surveyed did not have a formal succession plan in place. Discussions and decisions with regard to the farm, which may have been in the family for many generations, is always difficult in order to ensure that all parties are treated both fairly and also equitably.

Difficult though it may be, starting talking about the future and plans for succession is the first step to putting something in place which will hopefully be to everyone’s advantage.

The following are some questions which might be a starting point to discussions amongst the family:
1. What role which will each family member play going forwards
2. What direction is the business moving in long term
3. Who owns the assets of the farm
4. Do all parties have the necessary skills to run the business
5. Does provision need to be made for those who do not want to be involved in the business

There are many other factors to take into account, but the above are a starting point, from which further discussion will flow.

This is one of, if not the most important decision that is made in any business and therefore seeking appropriate and timely professional advice is vital. These discussions need to include all the professional advisors who help the business and seeking their advice early in discussions is always beneficial.

Here at PFK we have the knowledge and experience to provide advice with regard to succession planning and are also able to help facilitate discussions if that is needed. We work closely with many of the local accountants and solicitors and therefore are well placed to help with what can be difficult discussions and decisions about the future of farm businesses.

T: 01768 866611
E: landagency@pfk.co.uk

Preparation is the ‘Key to Success’

November 2021 Agriculture News

Whilst it is no doubt nice to be able to look back on what, for many, has been a successful year in the farming calendar, with all commodity prices showing…

Preparation is the ‘Key to Success’
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Preparation is the ‘Key to Success’

November 2021 News

Whilst it is no doubt nice to be able to look back on what, for many, has been a successful year in the farming calendar, with all commodity prices showing significant gains on recent years, as everyone in agriculture is aware, this shouldn’t mask the changes that we all face in terms of the pending start to the reduction in the payments received under the Basic Payment Scheme.

As a starting point, we suggest that a sensible exercise would be to deduct monies received under the Basic Payment Scheme from the farm’s year end results, to get a realistic indication of where the business will be once BPS has gone. Many will say we still don’t have enough information to be able to plan ahead and will therefore feel relatively comfortable given recent prices, particularly in the livestock sector.

There are however things that can and should be done in advance of the introduction of new schemes becoming effective in 2024. The Sustainable Farming Incentive is a good example of a pilot scheme where monies can be immediately obtained to help replace the loss of the Basic Payment to a greater or lesser degree, depending on the level of commitment that individual farmers are willing to make.

Planning ahead and researching such incentives will ensure that farmers are better placed to deal with the changes and to soften the blow of them. In our view, many of the payments offered under such a scheme would not involve radical change on the part of individual farming methods, and therefore even considering them cannot be anything other than constructive.

Such a scheme will not be for everyone, but we are increasingly of the view that those who prepare well for the pending change, will be in a far stronger position than those that don’t. There are of course other smaller pilot schemes, both available and being announced on a regular basis, all of which should be carefully monitored when proactively looking to protect and enhance farm businesses during a period of change.

Should anybody have any queries or wish to seek broader advice, we of course will be willing to help.

T:01768 866611
E: landagency@pfk.co.uk

Farming Investment Fund Opens

November 2021 Agriculture Grants News

DEFRA have launched the Farming Investment Fund. The Fund is made up of 2 strands – The Farming Equipment and Technology Fund and The Farming Transformation Fund. The grant is aimed…

Farming Investment Fund Opens
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Farming Investment Fund Opens

November 2021 News

DEFRA have launched the Farming Investment Fund.

The Fund is made up of 2 strands – The Farming Equipment and Technology Fund and The Farming Transformation Fund.

The grant is aimed at providing farmers, growers, and foresters with support to invest in the things which will improve productivity and help improve animal health and welfare and reduce environmental impact.

The Farming Equipment and Technology Fund provides specific support for buying items from a revised list of items.

The grant is open for applications from 16th November 2021, and closes for applications on 7th January 2022. Items must be purchased (once the grant is approved) and claims submitted by 30th September 2022.

This grant follows on from the Countryside Productivity Grant, but now supports a wider list of items. It also has a lower minimum grant of £2000 and a higher maximum grant of £25,000.

As with the previous scheme, the list of items available have been assessed on a standard cost basis, and the grant will pay 40% (for some items 50%) of that standard cost irrespective of the cost of the item, as long as it meets the specification set in the grant list.

This grant provides a good opportunity to invest in items to improve and enhance the efficiency and profitability of your business.

The Farming Transformation Fund offers larger grants – between £35,000 and £500,000, and is being offered in waves. The first area concerns water management with future areas expected to focus on farm productivity and adding value to agricultural produce.

If you are interested in this grant scheme then please do give PFK Land Agency a call to discuss options.

T: 01768 866611
E: landagency@pfk.co.uk

 

Where There is Muck There is Brass

November 2021 Agriculture Grants Planning News

Optimising use of organic manure not only benefits soil structure and health, but can also save a small fortune in artificial fertilizer costs. With nitrogen prices spiraling ever upwards at…

Where There is Muck There is Brass
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Where There is Muck There is Brass

November 2021 News

Optimising use of organic manure not only benefits soil structure and health, but can also save a small fortune in artificial fertilizer costs. With nitrogen prices spiraling ever upwards at present and reaching heights which make you wince, now is the time to look to ensure you are making optimal use of the organic manure which you produce on your holding, and not wasting it by having to spread it at times of the year when it does not help vegetation growth, just because you do not have adequate storage capacity.

We are currently awaiting details of a Government grant scheme to help with the development and installation of new slurry storage facilities on farms, but we are assured that there will be money available for the like, so therefore it is the time to plan ahead.

Take the opportunity now to look at your current storage facilities and if they are not adequate to hold manure produced on the farm for 5 – 6 months of the year, you should start planning to alter this.

New storage facilities will require both planning and Environment Agency consent, and once these are obtained then sourcing the necessary contractors to install the system and the materials needed is not easy at present. It is anticipated we should know more about what will be offered in 2022, but already it is anticipated that this scheme will be oversubscribed, so to be in at the start, with all your ducks in a row, and all research done will put you at an advantage over others who are biding their time.

Here at PFK we have a team ready and willing to help in all aspects from advising regarding planning to dealing with grant applications.

T: 01768 866611
E: landagency@pfk.co.uk

Do Not Leave Matters Until the Last Minute to Maximise Benefit and Return

November 2021 Agriculture Grants News

As we all know, things in farming are changing. BPS is reducing, starting with this year’s payment. If you have had an HLS / ELS agreement, then these have either…

Do Not Leave Matters Until the Last Minute to Maximise Benefit and Return
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Do Not Leave Matters Until the Last Minute to Maximise Benefit and Return

November 2021 News

As we all know, things in farming are changing. BPS is reducing, starting with this year’s payment. If you have had an HLS / ELS agreement, then these have either come to an end, or will do within the next couple of years. The Sustainable Farming Incentive pilot has been launched this year, with different elements being rolled out over the next couple of years heading towards complete rollout by 2024.

There are still many unknowns out there as to what is going to be available, and little is known of the detail of much of the future support. What we do have in place now and is currently available is Countryside Stewardship.

As in previous years, there will be Water Capital grants available early in the year, together with the deadline for Higher Tier Countryside Stewardship applications being the end of April. There will then be Mid Tier Countryside Stewardship applications to be made prior to the closing date of the end of July (as we know things at present!).

If you are interested in applying for any of these grants, now is the time to act. Many of the water related capital items require the prior approval and support of Natural England’s Catchment Sensitive Farming Officers (CSFO), and this must be obtained prior to submitting the application, therefore planning and approaching the CSFO now will make putting together an application once the application window opens a much easier process.

As we know, due to the changes which are coming, everyone needs to look at their farming business and plan for the future. A good starting point might be to ask yourself the following questions:

  • What motivates you?
  • What do you need to go forwards?
  • What is currently holding you back to progress your business?

Therefore, ask yourself these questions in light of your business at present and then see if there are any options available under a CS scheme which you may be able to apply for grant money to help improve your farm, and in turn make it more profitable.

For example:
Your motivation is that you are aiming to be the most profitable dairy farmer in your parish.

To go forwards with this, you need to maximise output, whilst keeping costs of production under control.

The factors which are currently holding you back are the cost of artificial fertilizer as you are not able to make best use of slurry produced on the farm due to lack of storage capacity and the amount of clean water which runs into your storage facilities, which mean you have to empty them at a time of year when the usefulness of the slurry is wasted, as grass is not growing.

Combine the fact that you are not maximizing the usefulness of your slurry with the Climate Change issues which are coming to the fore, with particular emphasis on emissions from farms, and tightening of regulations regarding manure spreading and storage.

You then need to look at these and see how you can best solve the issues for the benefit of your business. Countryside Stewardship is a scheme which offers many options in relation to such items, ranging from areas of large expense such as roofing over slurry pits to cheaper, more simpler jobs such as funding replacement guttering and downspouts, to ensure that clean roof water does not run out on to dirty yards but instead is directed in to a clean water drain. There is an array of options in regard to separating clean and dirty water, but all of these need approval from a CSFO.

Therefore, with the dark evenings looming, now is the time to sit down and look at your business and see if the Countryside Stewardship Scheme may offer opportunities to your business to both enhance infrastructure, but also provide additional annual income which will help replace the reduction in BPS which is happening from this year onwards, through land parcel options.

It is anticipated that there will be a larger take up of CS in 2022, so act now and don’t leave matters until the last minute as you will not end up getting the best out of the scheme.

If you wish to discuss ideas, or want help taking forwards an application, then please do get in touch and we will be ready to help.

T: 01768 866611
E: landagency@pfk.co.uk

BPS Payment Rates 2021

October 2021 BPS Grants News

The RPA have announced the payment rates for BPS for the 2021 year: Non SDA entitlements - £233.30 per entitlement SDA entitlements - £231.60 per entitlement Moorland entitlements - £64 per…

BPS Payment Rates 2021
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BPS Payment Rates 2021

October 2021 News

The RPA have announced the payment rates for BPS for the 2021 year:

Non SDA entitlements – £233.30 per entitlement
SDA entitlements – £231.60 per entitlement
Moorland entitlements – £64 per entitlement

As everyone is aware, 2021 is the first year of the reduction in BPS payments as part of the Agricultural Transition. The above rates are the gross rates, prior to any reduction.

Reductions are based on bands and work like income tax, so all claimants have a 5% reduction on the first £30,000 of payment they receive. Those with payments higher than £30,000 will receive a reduction on their payments as set out below:

• Up to £30,000 – 5% reduction
• £30,000 to £50,000 – 10% reduction
• £50,000 to £150,000 – 20% reduction
• Over £150,000 – 25% reduction

Therefore if you are due a gross payment of £65,000, your payment will be reduced as follows:

The first £30,000 will be reduced by 5% – therefore a reduction of £1500
The next £20,000 will be reduced by 10% – therefore a reduction of £2000
The last £15,000 will be reduced by 20% – therefore a reduction of £3000.

Therefore for 2021 a payment will be received of £58,500

If you have any queries or wish to speak with someone regarding your 2021 payment then please do contact Jo Edwards on 01768 866611.

Adding Value with PFK Planning & Development

October 2021 Planning RTPI News

PFK is the only business of its kind in Cumbria to employ RTPI qualified Chartered Town Planners. Town Planners have the professional skills to understand complex legislation, to find solutions…

Adding Value with PFK Planning & Development
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Adding Value with PFK Planning & Development

October 2021 News

PFK is the only business of its kind in Cumbria to employ RTPI qualified Chartered Town Planners. Town Planners have the professional skills to understand complex legislation, to find solutions to difficult property-related challenges, to negotiate and advocate for good outcomes and project manage the planning process. This article will take a look at the ways in which we can add value to your property or land.

1. Enable you to make informed decisions when transacting on a property or land
Whether you are looking to sell or purchase property or land, you will need to know what it is worth so that can make informed decisions about your next steps. The planning potential of property and land is a significant consideration in its value. This is why our surveyors and valuers often ask for our professional judgement on the likelihood of achieving planning permission in particular locations.

We also assist our sales progression colleagues when unexpected issues arise during the conveyancing process. We have acted on behalf of vendors to solve problems relating to local occupancy conditions, agricultural ties, changes of use, the sub-division of dwellings, listed building consent and breaches of planning control.

2. Strategise and seek out long-term opportunities for your property or land
We have significant experience in tailoring a planning strategy to best meet our clients’ goals. The planning potential of land can be limited by a range of constraints, i.e., access, flood risk, contamination, trees and landscape features and heritage assets. We frequently work with a range of consultants on these matters. Together we will come up with an effective strategy to overcome these constraints and enable development to come forward.

We also have extensive knowledge of the future aspirations of Local Planning Authorities and which locations may be earmarked for future development over the next 20 years. This, alongside our well-established working relationships with LPAs and developers, will enable us to promote your land through the most effective channel.

3. Co-ordinate the right team
Once we have identified the planning potential of a property or land and we have been instructed to act on your behalf, we may require specialist input from other consultants to effectively address the planning requirements. Depending on the scale or nature of your project it may require input from a traffic engineer, ecologist, architect, civil engineer or landscape architect. We have an established network of consultants suitable for different projects ready to refer to you as you require.

If you’re seeking expert advice and would like to speak to us about the value we can add to your property or land, contact us on 01768 866611 today.

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