Farm Finance

Welsh LFA to lose part of subsidy.

19th OctoberPosted by Louise Taylor

The Welsh Government's decision to abolish the Less Favoured Area payment top-up within its new environment management scheme will result in farmers in these areas losing 20% of their subsidy, according to a report in the Farmers Weekly.

The decision, which will affect nearly 80% of agricultural land in Wales, means that for the first time in more than 60 years, Wales has no scheme specific to areas with more challenging farming conditions.

Although Glastir payments have been...

CAP reform penalties are stiffer than expected.

17th OctoberPosted by Louise Taylor

Johann Tasker writes in the Farmers Weekly that farmers who refuse to adopt 'green' measures planned by Brussels will lose far more than the expected 30% of their annual subsidy cheque.

Apparently proposals unveiled this week suggested 30% of direct payments would depend on farmers respecting certain agricultural practices including maintaining permanent pasture and cultivating at least three different crops on arable land.

To receive 100% of their direct payment, farmers would...

NFU warns of delays to CAP changes

12th OctoberPosted by Louise Taylor

The NFU have warned that changes to the way in which farmers receive their single farm payment are likely to be delayed beyond the European Commission's 2014 deadline for CAP reform.

Maeve Whyte, director of the NFU's Brussels office, said debate about what the proposals will look like was still going ahead between leaders in Europe – despite the plans being formally unveiled by European farm commissioner Dacian Ciolos on Wednesday (12 October).

Speaking at an NFU council...

Wheat prices at lowest point for a year.

5th OctoberPosted by Louise Taylor

A report in the Farmers Weekly says that wheat prices have reached their lowest point for a year, falling by about £25/tonne over the past four weeks.  This puts the spot feed wheat price at around £140/tonne ex farm. 

Grain markets are under severe pressure on fears of lower demand on a poor world economic outlook and higher harvests than had been expected. However, prices have now dipped low enough to create some buying interest.

The Russian Grain Union is forecasting a...

Euro exchange rate set for 2011 SFP

3rd OctoberPosted by Louise Taylor

 

The European Central Bank has released the Euro exchange rate that will be used for calculating SPS 2011 payments. It will be 0.86665.
Every year, according to the Rural Payments Agency, 500-600 claimants fail to notify the Agency of a change of bank details leading to these farmers not being paid as early as they could be.

Farmers in England are advised to check their records now and,  if necessary, provide RPA with up to date bank account details, especially...

Caroline Spelman vows to keep an eye of supermarket cost cutting.

28th SeptemberPosted by Louise Taylor

Caroline Spelman, DEFRA secretary, has said that the government will keep a close eye on how retailers go about cutting prices for consumers.  The warning came after Tesco announced a Big Price Drop campaign with cuts across 3,000 products.

The NFU has said it si concerned that the extent of the cuts will force Asda, Sainsbury's and Morrisons to follow suit, and it they do the costs must not be passed back to the farmers.

In an interview with Farmers Weekly (26 September), Mrs...

Caroline Spelman vows to keep an eye of supermarket cost cutting.

28th SeptemberPosted by Louise Taylor

Caroline Spelman, DEFRA secretary, has said that the government will keep a close eye on how retailers go about cutting prices for consumers.  The warning came after Tesco announced a Big Price Drop campaign with cuts across 3,000 products.

The NFU has said it si concerned that the extent of the cuts will force Asda, Sainsbury's and Morrisons to follow suit, and it they do the costs must not be passed back to the farmers.

In an interview with Farmers Weekly (26 September), Mrs...

Meadow Foods increases milk price by 1.67ppl.

28th SeptemberPosted by Louise Taylor

According to the Farmers Guardian Chester based Meadow Foods is increasing its producer milk price from October 1st.

All producers will benefit from the 1.67ppl says the company as it is not linked to any new quality or production targets.

The increase will raise the Meadow Foods standard litre, for Cheshire, Shropshire, Staffordshire, Lancashire, North Wales and South Wales to 28.38ppl, and in Cumbria to 28.46ppl.

The full increase has been attached to the...

First Milk to increae price by 1.5p / litre.

21st SeptemberPosted by Louise Taylor

The Farmers Weekly reports that First Milk is to increase the price paid to farmers from next month, following better market returns and further business efficiency savings.

Suppliers in its liquid pool will receive an extra 1.5p/litre from 1 October, while prices for its cheese and balancing and Highlands & Islands milk pools will go up by 1p/litre. The increases take First Milk's standard litre prices to 27.9p/litre for the liquid pool and 27.5p/litre for the cheese and...

Pig prices stable, but no sign of upturn.

20th SeptemberPosted by Louise Taylor

A report in the Farmers Weekly says that UK pig prices appear to have plateaued with no real sign of an immediate upturn.

Although the GB Euro Deadweight Adjusted Pig Price for week ending 10 September 2011 dropped from 147p/kg to 146p/kg, weekly contract prices for the week ended 16 September remained stable to average 142.4p/kg, with spot bacon quotes generally between 140-144p/kg according to specification.

Lighter pigs continued to earn modest premiums of between 4-6p/...

Pages

Subscribe to Farm Finance