Agriculture Flashcards
Differences between FBT and CFA?
FBT - tenancy between L & T, rent paid, greater freedom for tenant to operate and crop as they wish.
CFA - contract between farmer and contractor, contractors fixed fee and divisible surplus paid, greater control for L
Why choose a contract farming agreement over an FBT?
Greater control for the farmer, tax benefits.
Can get VP quicker if needed
What are the 2024 delinked payments?
Between 50% and 70% depending on the payment band.
What were 2023 entitlement rates per hectare?
£233 - non-sda
£231 - sda
£64 - moorland
What does SDA stand for?
Severely disadvantaged area
Plumbley Hall Farm
What scheme option was this under?
Option BE3 - management of hedgerows
What legislation governs the management of hedgerows?
The Management of Hedgerows (England) Regulations 2024
And Hedgerow Regulations 1997
What do these regulations state?
2 metre buffer strip
Cutting ban from 1 March - 31 August
Plumbley Hall Farm
What was the cost of establishment?
Quotes ranged from £5-£7/m
Plumbley Hall Farm
How much of the cost was covered by the CSS scheme?
£13/100m
Land at Clowne
What are the key terms of a CFA
farmer
contractor
farm
commencement date
termination date
contract period
annual fixed contractors fee
farmers divisible surplus
contractors divisible surplus
professional fees
account date
account period
Land at Clowne
When did the CFA start?
1st October 2023
Land at Clowne
What were the payments?
£120/cropped acre fixed contractors fee
50/50 divisible surplus
What is a farmers first charge?
Farmer is paid a fixed sum after contractor has received their annual fixed fee
Land at Clowne
How were the accounts managed?
Number 2 Account