Agriculture Flashcards

1
Q

How have you provided farm management advice in written and oral forms?

A

During an appraisal of a clients business plan I was asked to advise on ways the client could work to off-set their BPS and generate monies to help with reinvestment on fencing and hedging.
I provided the client with a letter advising on options under the SFI scheme that they could do which would not alter their farming practice and get monies from it, I advised on SAM3 Herbal Leys £382/ha and LIG1 £158/ha for their grassland areas, and no insecticide on arable ground imp4 along nutrient, intergreated pest management and soil testing. I advised for capital work he enter into a capital only css option and apply for fg2 and bn11 and bn7

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2
Q

Redhouse Farm
Why was the SFI/Capital CSS your preffered route?

A

SFI 3 yr not 5 - so if options didn’t work with enterprise then werent tied in for so long
didnt have management control of all the land for 5 years on some ground
options more flexible on sfi and css/some options on sfi more attractive than those on css.

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3
Q

Redhouse Farm
Were there any options which would be actions in addition to those already undertaken by your Client?

A

No - for the most part can’t double claim on areas, however original css focused on low yielding plots and margins on arable ground and new options were broader less cumbersome options

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4
Q

Redhouse Farm
What was the value of the SFP compared to the value of the SFI claim/CSS claim?

A

BPS Approx £20,000/annum
CS capital grants £19,754
SFI £35,000, after costs liklihood around same bps value if not slightly more

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5
Q

Redhouse Farm
Were there any other mitigations considered with your client?

A

already mitigated - client already relatively well diversified e.g mixed farm, doing brewers grade barley, asparagus, pumpkin picking. client objective was not to take anything on that was going to require lots more time, funding etc

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6
Q

Redhouse Farm
How did your advice aid your client meeting their objectives in this project.

A

My advise allowed them to raise capital to re-invest in areas of the farm e/g fencing/boundaries. I also provided advice that would replace loss of BPS

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7
Q

Council Farm Tender
What impact did your recommendations have on the projected financial performance of business?

A

My recommendations included entrance into CSS which increased revenue per annum by £2,409.
The council wanted the tenant to reinvest in some traditional buildings, I advised entering those into HS1 option in order to off-set some costs for tenant.

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8
Q

Council Farm Tender
What value did you add to your Clients project in giving the advice you did?

A

Professionalism, client was not business-minded so i encouarged entrance into schemes, assurances that farm was not over-stocked but still viable. NVZ ackowledgement of record keeping. Ways to fulfill councils objectives of restoring buildings whilst off-setting cost

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9
Q

Council Farm Tender
How did the CSS options within the forecasts go to present a Tenant the Landlord would want farming the land?

A

The options showed reinvestment into areas of the holding, which is a bonus for the landlord (e.g. HS1) they also showed the Landlord that the tenant was not going to over exert the lands yield (e.g GS2 client wasn’t looking to take take take from the land.) improvring soil quality etc.

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10
Q

Council Farm Tender
Did you provide any other advice in relation to the application?

A

NVZ - I advised the client the land was subject to an NVZ and that this would require approriate record keeping of holding size, risk map of the holding, field records (cropping etc), livestock calculations & details of any imports/exports. I advised on the livestock manure nitrogren farm limit and livestock manure nitrogen capacity

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11
Q

Council Farm Tender
Why did you advise on NVZ?

A

To ensure my client understood his cross compliance obligations

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12
Q

What is the maximum amount of nitrate per hectare allowed to be applied?

A

170kg/ha

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13
Q

For arable land, how have you advised on crop rotations, cultivations, crop husbandry and marketing of products?

A

Another client was also looking at how they could increase profitabilily of their arable rotation, particulrarly barley crop, i advised that joining the Molson Coors growers group, would provide them access into selling their grain for brewers barley, given they fit the requirements and use correct grain strain

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14
Q

For livestock, how have you advised on livestock enterprises, animal husbandry and welfare, including record keeping and marketing?

A

I advised a client on a range of requirements when setting up a beef cattle farming enterprise including:
obtaining CPH, herd numbers, registration of cattle deadlines, tb obligations, vetinary recording.

the client is still growing his beef suckler herd but has also asked on advice regarding sale of beef, he is looking to do this on a relatively small ad hoc basis and i advised beef boxes and sale to local farm shops would yield him the most gross margin.

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15
Q

How have you dealt with relevant regulations that affect all aspects of agriculture?

A

Ag Act 2020 - loss of bps, introduction on ELMS

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16
Q

How have you prepared a detailed farm finance plan or budgets?

A

My colleague asked me to assist on a rent review, I was asked to carry out gross margins for a standard arable combinable crop rotation. I gathered evidence from industry standard figures, including seed, fert & spray, cultivations/harvesting costs and sale of grain, straw & scheme income to assist with the gross margin.

17
Q

What would be included in farm finance plan or budgets?

A

Gross Margins, P+L, & cash flow forecast

18
Q

How havr you advised on ecosystem services?

A
19
Q

Tell me about current market values for arable crops and livestock in the area you work in.

A

Straw - 30/big straw bale
Wheat Grain - £180/t
Feed Barley Grain - £160/t
OSR - £394/t
Fat Lamb - £120/head
Store Cattle - £1200/head

20
Q

How does your knowledge of practical farming methods affect stocktaking valuations?

A
  • planting/drilling times
  • method of drilling (dependent on area)
21
Q

What recommendations have you made to clients regarding crop rotations?

A

Generally in conjunction with a scheme, for example if looking to insert a winter cover crop, ensuring that the crop that follows, could be drilled in the spring

22
Q

Gross Margin Budget - Talk me through the figure for one of the crops.

A

Oil Seed Rape GM - 245/ac
output (inc BPS/scheme)- 665/ac
seed 30/ac
fert - 166/ac
sprays - 102/ac
cultivation/harvesting cost £121/ac

23
Q

Gross Margin Budget
Where did you obtain figures from?

A

Industry standard market data (Nix & straw sale market prices)

24
Q

What is the 50% deduction predicated on?

A

Agent comparables, common practice

25
Q

What was your calculated gross margin per acre?

A

before cultivation cost - £367/ac
after cultivation cost - £245/ac

26
Q

Farming Equip & Tech Fund
What funding was available for the equipment you applied for?

A

£1,279

27
Q

FETF - How did this improve safety and animal welfare on the equipment your client was using?

A

Animal welfare - more secure and HD crush means ability for vets/farmer to be safer and provide better level of care
Client safety - no sharp edges of metal sticking out, crush able

28
Q

FETF - What evidence was required once the equipment had been purchased to satisfy the grant funding applicaiton?

A

Proof of purchase (invoice & receipt//bank statement

29
Q

FETF - What other options were considered?

A

A range inc manual & hydraulic squeeze crush, auto crush.

30
Q

FETF - Why was the manual cattle crush selected over the other options?

A

cost - client still has to be able to pay for some of the cost
simplicity - older farmer who didn’t want over complicated equipment

31
Q
A