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With delinking, English entitlements have disappeared (and thus have a nil value). The loss of the capital value can be offset against other gains for Capital Gains Tax. This is only the case where entitlements were purchased (or inherited) – either on their own or part of an overall land transaction. In the former case, […]
Policy Direction With the change of Government there could have been a change to agricultural policy, but the new Defra Ministers have confirmed that they are fully committed to Environmental Land Management (ELM) and they want to ‘maintain the momentum’ built up over recent months. Defra has said work is being carried out on how […]
Further to our article of 11th April (see https://abcbooks.co.uk/flood-relief-2/), Defra has opened up the Farming Recovery Fund to more farmers. It has been ‘significantly’ expanded to include a wider geographical area of farmers and also now includes those who have experienced damage due to extreme rainfall. As previously, the RPA will identify farmers who are […]
Defra has announced some temporary adjustments to agri-environmental agreements due to the wet weather. This means that if the bad weather has caused disruptions to farming activities so that agreement requirements cannot be met, Defra is allowing more time to establish some options. Or it may be possible to defer some activities until later in […]
Defra has announced a £4 million support fund for small abattoirs. Through the Smaller Abattoir Fund (SAF), capital grants of between £2,000 and £60,000 will be available at 40% of eligible costs. There will be a set list of items (this doesn’t appear to be available just yet) that will be funded, but in recognition […]
Defra has announced that the SFI applications portal will close between 27th December 2023 and 1st January 2024. This is to allow for annual updates to be undertaken. For any unsubmitted SFI applications, it also means the information completed so far will be lost and a new application will need to be restarted when the […]
The RPA has emailed all BPS claimants informing them that it will be sending out Delinked Payment Information Statements soon. The Statements will be sent out in batches from early November; if claimaints have not received one by early December, they should contact the RPA. The information in the Statement should be checked and any […]
A few items relating to the SFI to update readers on; Expression of Interest (EoI) The requirement to submit an EoI prior to a Sustainable Farming Incentive (SFI) application is no longer required. Those who wish to apply for SFI can do so via their Rural Payments account. However, those farming on Commons should continue […]