Finance

AHDB is looking to save around £500,000 from its annual budget moving to new headquarters near Coventry better suited to its current sector teams and support staff.

Farmers enrolling in the new Sustainable Farming Incentive (SFI) scheme are being advised to take steps to avoid unnecessary expenses during the application process.

Markets for carbon, biodiversity and other environmental services are widely expected to grow in the coming years. But given the infancy of such markets, there is still tremendous uncertainty about how they will operate. To help address such concerns, Ecosystems Knowledge Network (EKN), a UK-wide independent knowledge hub, is undertaking a review to understand the opportunities and challenges associated with nature finance.

Farming minister Mark Spencer has confirmed increased payments for nature-friendly farming through ELMS, at OFC today (5th January) although farmers are still lacking the important wider details.

Farms and estates that have set up contract farming, share farming and grazing agreements should urgently review them to avoid losing out on valuable tax reliefs, warns Tom Heathcote, Head of Knight Frank’s Agri-Consultancy team.

In his Autumn Statement announcement yesterday (17th November), Chancellor Jeremy Hunt set out a number of tax measures targeting high earners and those who receive dividend payments, as well as further support with energy bills.

Nature-friendly farmers can access free business advice to help with the transition away from BPS payments via a series of events organised by the Soil Association.

Financial advice firm NFU Mutual outlines what to look out for in Chancellor Jeremy Hunt’s upcoming Autumn Budget Statement on 17th November and how the changes could affect the public purse.

More than 300 British farmers have reportedly written to their MPs, following rumours that the government could be set to scrap or water down environmental initiatives.

The final phase of Defra’s Future Farming Resilience Fund (FFRF) is now live, offering up to 32,000 farmers in England who currently receive direct payments free business advice to help prepare for the upcoming transition.

The Rural Payments Agency has published the Basic Payment Scheme entitlement rates.

The UK is on a journey from fossil fuels to a renewable future. Drax provides a guide to creating revenue for your farm by generating and exporting your own renewable electricity.