000 01098cab a2200205 4500
001 WB4046-13
008 041202n2004 000 0 eng u
035 _a(Sirsi) u128188
245 _aNew land market to emerge
260 _c2004
490 _aRICS Press Release
_v(pr105) 3 December 2004 (2)
520 _aA 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
590 _aWB
650 _aRURAL LAND
650 _aRENTS
650 _aAGRICULTURAL SUBSIDIES
650 _aEU SINGLE PAYMENT SCHEME ENTITLEMENT
690 _aRURAL-MARKET
942 _n0
999 _c74644
_d74644