New land market to emerge
New land market to emerge
- 2004
- RICS Press Release (pr105) 3 December 2004 (2) .
A new market in rented rural land will emerge over the next 12 months when agricultural subsidies paid to English farmers are split from the land and become tradeable as separate commodities. The introduction of an EU Single Payment Scheme Entitlement means that farmers will no longer need to grow a crop or keep an animal to receive a subsidy. The rules are complex and have introduced a high level of uncertainty in the rental land market. A new market will emerge once Entitlements have been awarded after May 2005. Further details are available on the website. http://www.rics.org
RURAL LAND
RENTS
AGRICULTURAL SUBSIDIES
EU SINGLE PAYMENT SCHEME ENTITLEMENT
A new market in rented rural land will emerge over the next 12 months when agricultural subsidies paid to English farmers are split from the land and become tradeable as separate commodities. The introduction of an EU Single Payment Scheme Entitlement means that farmers will no longer need to grow a crop or keep an animal to receive a subsidy. The rules are complex and have introduced a high level of uncertainty in the rental land market. A new market will emerge once Entitlements have been awarded after May 2005. Further details are available on the website. http://www.rics.org
RURAL LAND
RENTS
AGRICULTURAL SUBSIDIES
EU SINGLE PAYMENT SCHEME ENTITLEMENT