Farm Finance

Prince Charles donates £40k to farmers.

8th AprilPosted by Louise Taylor

Prince Charles has set up a rural fund which will donate £40,000 to charities which are helping farmers through the financial crisis caused by feed shortages and late single farm payments.

The money is being drawn from a special emergency funding stream set aside by The Prince's Countryside Fund and will be donated to ARC Addington Trust and the Farm Crisis Network.  ARC Addington supplies grants to normally viable farm businesses that are in financial hardship due to unexpected...

Revised Stewardship Schemes could cost farmers dearly.

6th AprilPosted by Louise Taylor

A report in the Farmers Guardian suggests that farmers are less than satisfied with the changes to Environmental Stewardship payments which they claim will leave them thousands of pounds out of pocket after Natural England has changed the payment schedule for ES agreements in order to bring it in line with European Commission protocol.

Under the new system, some payments scheduled for this summer will be derferred until the end of the ES agreement.  This means a number of farmers will...

6,000 farmers still waiting for 2010 SPS payment.

5th AprilPosted by Louise Taylor

Alistair Driver writes in the Farmers Guardian that the Rural Payments Agency (RPA) has fallen short of its target of paying 95% of the value of 2010 Single Payments by the end of March.  He reports that the latest figures released by the agency have revealed that, as at March 31, it had made payments totalling £1.52 billion ot 98,262 English farmers which represents 88% of the total estimated fund.

The RPA is reported to have paid approx 3,000 claimants in...

Vets urged to offer free DNA tagging.

4th AprilPosted by Louise Taylor

A report int he Farmer's Guardian says that vets are being asked to carry out free DNA tagging of bovine TB reactors for free during the first six months of the new requirements being in place.

Jim Paice, farming Minister, announced on Thursday that cattle testing positive for the disease will, from mid-April, have to be DNA tagged.

Tags inserted in the ear of cattle at the time of the TB test will remove a small tissue sample at the time of insertion which can then be DNA...

Crisis in Japan hits wheat prices.

17th MarchPosted by Louise Taylor

The Farmers Guardian reports that wheat prices plummeted this week as investors panic after the earthquake and tsunami in Japan.

As of yesterday wheat futures were down to £167.35 / tonne on the London market after having fluctuated during the week.  Wheat, maize and soyabeans were all down significantly on the Chicago market as were wheat and rapeseed on the MATIF market.

The dramatic falls are being almost entirely driven by investors, mainly in the US, who initially became...

Government urged not to reduce solar subsidies.

16th MarchPosted by Louise Taylor

A report in the Farmers Guardian says that the Government is being urged to abandon plans to substantially reduce subsidies for solar energy project. 

The Department for Energy and Climate Change is set to unveil its fast-tracked review of feed-in tariffs this week and the review is likely to include controversial plans to slash the tariff available for solar energy projects of anything bigger than 50kW.

Energy Secretary Chris Huhne has argued that allocating money towards...

Government launch renewable heat scheme.

11th MarchPosted by Louise Taylor

Yesterday the Government announced details of its long-awaited scheme for encouraging the generation of renewable heat.  The £860m Renewable Heat Incentive is the world's first financial incentive of its kind and will encourage installation of equipment such as biomass boilers, solar thermal panels and ground source heat pumps in domestic and commercial properties.

It will provide eligible claimants quarterly payments for the renewable heat produced – provided it is all used - for...

Defra announce additional support for hill farming.

11th MarchPosted by Louise Taylor

Caroline Spelman, Defra Secretary, has announced a package of measures to support hill farming and upland rural communities

The package includes up to £20m for a new rural Community Broadban Fund to help 'ensure that fast and reliable access is availalble in upland communities'.  There will also be up to £6m availalble for hill farmers to draw on for environmental measures.

The report, published on Thursday, outlining the Government review of the uplands, acknowledges that it...

Egg producers in Mid Wales get £72k in grants.

11th MarchPosted by Louise Taylor

Two egg producers in Mid Wales have received more than £72,000 in grants, according to the Farmers Guardian.

The money was granted by the Processing and Marketing Grant scheme, funded through the RDP for Wales.

The Abberley Partnership in Powys has expanded its facilities by a further 12,000 bird flock to double the output of free range eggs.  The funding has helped pay for the purchase and installation of equipment to process an additional 3.2 million eggs each year.

...

New levy rates for red meat and arable sectors.

9th MarchPosted by Louise Taylor

The Farmers Guardian reports that new statutory levy rates have been confirmed by Agriculture and Horticulture Development Board (AHDB) for the red meat and arable sectors for the next financial year.

Rates are to increase across three of the six agricultural and horticultural sectors covered by AHDB including beef and lamb in England, cereaks and oilseeds in the UK and potoatoes in Great Britain.  Levy rates in the other three sectors (horticulture in Great Britain, pigs in England...

Pages

Subscribe to Farm Finance