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4th October 2016

BREXIT: Initially a silver lining for farmers?
Since the BREXIT vote the value of Sterling has weakened, such that the average exchange rate for the Basic Payment Scheme has been set at €1 : £0.85228. For those farm enterprises electing to receive this in Sterling, this is some 16% better than last year. Given the high commodity prices at the moment, this is a small positive.

Other items in Agriculture

James Cater

28th July 2021 Potato store tribunal ruling

In 2019 the first tier tribunal ruled in a case concerning a grain store that the entire structure qualified as plant and consequently gave rise to a capital allowance claim, by reason of it being a silo. As a consequences of this decision there have been a number of claims for capital allowances both in…

James Cater

27th May 2021 DEFRA’s Lump Sum Exit Scheme

DEFRA have now issued the consultation document regarding the lump sum payment for exiting agriculture. Having listened to the NFU webinar concerning this it seems to me that the lump sum, whilst being attractive from a cash flow perspective, has little else too recommend it. Clearly we have a lot more to learn and in…

Ben Kilby

25th March 2021 I hear a rumour…

I hear a rumour that Lloyds Agricultural banking team based in Edinburgh has been disbanded and merged within other teams around the country. Although some within the new regional teams may have some knowledge of agriculture it has been suggested that customers felt that this was not important. It seems that the agricultural specialism within…

Louise Bassett

11th March 2021 Don’t miss the deadline for applying for Countryside Stewardship Schemes

With the reduction of the Basic Payment Scheme (BPS) starting in 2021, many farmers may be looking to other income streams to bolster their finances. If this is you, then don’t delay looking into and applying for Countryside Stewardship Schemes (CSS). The window is open now for applications for schemes beginning on 1 January…

Ian Piper

8th March 2021 Budget 2021: Super Capital Allowances

In what was seen my many as a Budget lacking in ideas to kick start the economy back into life, Rishi Sunak’s announcement of a notional 30% uplift to eligible capital allowances headlined as the proverbial ‘rabbit out of the hat’. The tweaked allowances will give businesses purchasing brand new plant and machinery more tax…

James Cater

7th December 2020 Farming Update: Winter Newsletter

Whitings Farming Group publish their half yearly commentary on what’s topical in the agriculture sector: Click Here (for edition 17) Blog Entry by: James Cater

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