Finance

Exchange rate hits support payments for 2014

Exchange rate hits support payments for 2014
02-10-2014 05:25 AM | Finance, News
First penalties coming soon for rural businesses under RTI scheme
The first penalties for late real-time PAYE returns will be applied from 6 March next year for businesses with under 50 employees says HMRC, which has...
02-10-2014 05:11 AM | Finance, News, Slurry and Irrigation
Adama establishes major foothold in China
Adama Agricultural Solutions and China National Agrochemical Corporation, a strategic business unit of China National Chemical Corporation (ChemChina)...
02-10-2014 03:17 AM | Arable, Cereal, Crops, Finance, News
Single Payment exchange rate a further blow for Welsh farmers - FUW
The fall in the Euro-Sterling exchange rate for Single Payment calculations to its lowest level in seven years could not have come at a worse time, sa...
01-10-2014 06:40 AM | Arable, Cereal, Crops, Finance, News
Exchange rate hits support payments for 2014
The Scottish Government has confirmed that the exchange rate to be used to calculate support delivered through the 2014 Single Farm Payment (SFP) Sche...
30-09-2014 08:47 AM | Dairy, Finance, News
Dairy Crest announces milk price cut
Dairy Crest have announced a cut of 1.3 ppl for farmers on standard Liquid and Davidstow contracts from 1st November 2014. The company recently sai...
29-09-2014 10:14 AM | Cattle, Dairy, Finance, News
Milk price crisis: 'Cuts getting more severe with more excuses'
'The cuts keep coming' dairy farmers were warned by Farmers for Action group, 'getting more severe each time with more and more excuses' as a number o...
26-09-2014 11:25 AM | News, Finance
Received your Single Payment Scheme in euros and haven’t fixed the rate?
With the recent success of the Better Together campaign, the pound has strengthened further still against the euro. If the EUR/GBP exchange rate (0.78...
25-09-2014 10:39 AM | Dairy, Finance, News
Arla cuts milk price paid to farmers
Arla Foods has announced a cut of 1.67ppl for its milk price paid to UK farmers. In addition, the next quarter’s currency exchange rate takes effec...
25-09-2014 08:07 AM | Finance, News
Minimum wage increase for agricultural workers in Scotland
A rise in the minimum wage rate for agricultural workers has been confirmed by the Scottish Agricultural Wages Board (SAWB). The wage rates agreed ...
24-09-2014 10:34 AM | Cattle, Dairy, Finance, News
Tesco cuts price paid to dairy farmers
Tesco has today confirmed it will cut the price it will pay to British dairy farmers for six months from the 1st November, following an independent co...
24-09-2014 02:25 AM | Finance, News
Figures show falling farm input costs
The average cost of inputs into agriculture has fallen, the latest AF AgInflation Index figures have shown. The figures for August 2013 - August 20...
23-09-2014 08:05 AM | Dairy, Finance, News, Supermarkets
Pressure on milk prices: Dairy Crest to cut 260 jobs
Dairy Crest will close two factories, in what it calls a 'challenging trading environment', which will put 260 jobs at risk. "Our Dairies operation...
23-09-2014 04:30 AM | Finance, News
Extra help unveiled to get farmers online for BPS
The Rural Payments Agency has announced measures to help farmers get online for the new Basic Payment Scheme (BPS). Farmers applying in 2015 for th...
23-09-2014 03:26 AM | Cereal, Crops, Finance, News, NFU, Arable
Farmers 'losing out' over CAP uncertainty as NFU heads to Brussels
Lack of detail on CAP implementation and the Russian trade ban will be top of the agenda for the heads of farming unions as they travel to Brussels to...
16-09-2014 10:04 AM | Arable, Cereal, Crops, Finance, News
Financial pressures growing on farmers
The UK farming sector is coming under financial pressures on multiple fronts, an agricultural expert has warned. Farm gate milk prices have been cu...
12-09-2014 08:33 AM | Finance, News, Sheep
English sheep exports to China hold 'huge benefits' for industry
Gaining access to the Chinese market for lamb produced in England would be a 'game-changer' for the industry and help manage price volatility, accordi...
11-09-2014 03:08 AM | Finance, News, Sheep, Shows and Events
Realise ram investment post sale
Farmers who have purchased rams at this year’s Cydectin Kelso Ram Sale are reminded to manage their performance post sale to maximise returns from the...
10-09-2014 10:50 AM | Dairy, Finance, News, NFU
Europe backs UK dairy but 'more to do'
NFU dairy board chairman Rob Harrison, working with European farmer colleagues, has convinced the European Commission to include the UK’s cheese secto...
10-09-2014 06:01 AM | News, Dairy, Finance
Arla scheme aims to help farmers' efficiency
A new three-year sustainable dairy farming initiative, involving up to 3,000 British farmers has been launched by Arla Foods. It is part of the com...
09-09-2014 10:05 AM | Dairy, Finance, News
Grass roots approach helps boost milk yields
A seed mixture designed to maximise the grazing period for cows has contributed to an increase in profitability for Andrew and Margaret Smith, who far...
08-09-2014 05:06 AM | Finance, News, Dairy
Plaid demands action on milk prices
Shadow Agriculture Minister Llyr Gruffydd AM has called on the Welsh Government to act in response to deepening difficulties in the milk sector. Sp...
04-09-2014 08:16 AM | Finance, News, Poultry
Loss of Scottish free range contracts a 'devastating blow'
The Scottish chicken industry has been dealt another damaging blow as all four free range producers contracted to Hook 2 Sisters, the dominant process...
04-09-2014 07:42 AM | Products, Finance, News, Organic, Produce
What will be the impact of the Russian ban?
On August 7, 2014, Russia announced the introduction of an import ban, applicable from August 8, on certain meat, dairy, fruit, vegetable and processe...
04-09-2014 05:07 AM | News, Arable, Cereal, Crops, Finance
Smallholders urged to plan for important CAP changes
The Rural Payments Agency (RPA) is contacting smallholders throughout England this week to help give them plenty of time to decide what to do next abo...
04-09-2014 04:34 AM | Finance, News
EU to boost promotion of agricultural products after Russian ban
The EU has confirmed it will fund a €30 million CAP promotion aimed at alleviating the impact of the Russian trade ban against agricultural products. ...
04-09-2014 04:10 AM | Dairy, Finance, News, NFU
Farming unions take milk price fight to Brussels
The NFU has taken the battle to protect the UK’s dairy farmers to Europe as further price cuts and market volatility risk threatening the industry. ...
03-09-2014 02:24 AM | Finance, News
Farm incomes fall by 30%, new figures show
Farm business incomes fell by 30% in 2012/13, according to latest government figures. Dogged by the wettest summer in 100 years, it is hardly surp...
03-09-2014 01:41 AM | Dairy, Finance, News
FUW 'frustrated' at latest milk price cuts
A former chairman of the Farmers' Union of Wales milk and dairy produce committee has expressed frustration at the significant cuts in the price farme...
FUW reveals speakers for autumn conference
The Farmers’ Union of Wales has today revealed its speakers for its upcoming autumn conference themed ‘Joint ventures in farming – myth breaking and m...
01-09-2014 05:51 AM | Agri Safety, Finance, News, Property News, Sheep
Livestock rustling boosts rise in cost of rural crime
The cost of rural theft rose in the UK in 2013, according to NFU Mutual. The results of the insurer’s 2014 Rural Crime Survey show the value of items ...
01-09-2014 04:59 AM | Dairy, Finance, News
Dairy companies cut price paid to farmers
Leading dairy companies Dairy Crest and Müller have announced a cut of 1.75ppl and 29.00ppl respectively for farmers on their milk contracts from the ...
29-08-2014 03:29 AM | Dairy, Finance, News, Produce, Supermarkets
EU announces emergency support after Russian ban
The European Commission has announced today that it will open Private Storage Aid for butter, Skimmed Milk Powder (SMP) and certain cheeses in order t...
27-08-2014 06:09 AM | Finance, News
English farmers 'losing millions' in EU payments
Farmers in England are missing out on millions of pounds in EU payments because they are not keeping adequate records, according to the government. ...
25-08-2014 06:19 AM | News, Cattle, Dairy, Finance
Very gloomy times for UK dairy, Farmers for Action predicts
This week could be 'very gloomy times' for UK dairy farmers, according to Farmers for Action as they expect prices to fall by as much as 2ppl for Octo...
25-08-2014 03:56 AM | Supermarkets, Cattle, Finance, News
Store cattle prices up, prime beef set to follow
The price store cattle are attracting at auction marts has improved by around £50 per animal over the last two weeks, according to reports from the Li...
18-08-2014 04:52 AM | Finance, Machinery and Equipment, News
Smallridge Bros expands John Deere dealership
Devon and Cornwall based dealership Smallridge Bros Ltd has taken over the John Deere business previously managed by Robert Cole Agricultural Engineer...
18-08-2014 03:01 AM | Dairy, Finance, News
EU dairy industry to focus on handling Russian ban
A series of key meetings involving European dairy industries, government bodies and the European Commission will be held in the next month to address ...
12-08-2014 12:42 PM | Dairy, Finance, News
Dairy controls needed in wake of Russian ban, milk board says
The ban on imports declared by Russia last week has made the European Milk Board President Romauld Schaber to stress the importance of a supply manage...
12-08-2014 03:20 AM | Finance, News, Property News
Demand for arable land driving up farmland prices
Strong demand for arable land is fuelling the increase in farmland prices across the UK, according to estate agents Halls. Peter Willcock made the ...
11-08-2014 09:20 AM | Finance, Machinery and Equipment, News
Cost of rural crime revealed as Yorkshire sees most theft
The cost of rural crime in the UK was revealed today as Yorkshire, Kent and Lincoln saw the most theft in England according to the Rural Crime Survey ...
08-08-2014 02:00 AM | Dairy, Finance, News
Improved confidence in the dairy sector
Increased confidence in the dairy sector is helping more producers to invest in their businesses for the future, according to rural accountant Old Mil...
06-08-2014 11:34 AM | Finance, News, Property News, Renewables
AMC eases lending to diversified businesses
A change in the way the Agricultural Mortgage Corporation (AMC) considers loan proposals from landed estates is set to significantly improve the abili...
04-08-2014 16:42 PM | Dairy, Finance, News
September milk prices confirmed
Volatile dairy markets lead to 1st September milk price adjustments. Chairman Sir Jim Paice MP commented: “As a result of falling commodity pric...
04-08-2014 14:48 PM | Finance, News
Co-op offloads farms business to Wellcome Trust for £249m
The health charity Wellcome Trust has today gained the Co-operative Group's farm business for a reported £249m. The troubled Co-operative Group sai...
01-08-2014 03:48 AM | Cattle, Finance, News, Shows and Events
Profitability of beef to be focus of EBLEX conference
Efficiency and profitability of producing high quality beef and lamb for domestic and export markets will come under the spotlight at this year’s EBLE...
30-07-2014 09:58 AM | Finance, News
£50k funding awarded to help North Yorkshire farmers
SAC Consulting has won £50,000 of funding from the Prince’s Countryside Fund for a two-year project to help Yorkshire Dales farmers get the most from ...
30-07-2014 02:44 AM | Arable, Cereal, Crops, Finance, News
Investment in rural economy to rise as UK sees positive growth
Employment and investment will rise next year as the rural economy continues to benefit from a more positive UK economy, according to a survey by the ...
30-07-2014 02:33 AM | Finance, Machinery and Equipment, News
JCB secures machine deal as UK market grows
JCB has secured an order for more than 1,000 machines from one of the UK’s plant hire companies in a deal worth £35 million. A-Plant has bought a f...
23-07-2014 11:53 AM | Cattle, Finance, News
Lib Dems warn over collapsing beef prices
The Welsh Liberal Democrats have warned that the recent collapse in beef and lamb prices could leave the industry in Wales unsustainable. Ahead of...
23-07-2014 10:45 AM | Dairy, Finance, News
Dairy Crest announces price cut from September
Dairy Crest has announced a price reduction of 1.1ppl to farmers on standard Liquid and Davidstow contracts from 1 September. Both price changes have ...
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