Land and property

Land and property markets have been shaken by the Covid-19 epidemic, but how long will it take for things to bounce back? Ewan Pate reports.

A tenant farmer who will see 100 acres wiped off his land has highlighted the ‘unfairness’ of FBT arrangements.

The Tenant Farmers Association (TFA) and the Country Land and Business Association (CLA) have issued an appeal to work together to support landlords and their farming tenants, in light of the Covid-19 outbreak.

Today (March 18) Defra announced its plans to modernise agricultural tenancy law to provide farmers with more flexibility in a bid to ‘unlock productivity’ for the sector.

A Council has been blasted for its ‘heartbreaking’ decision to sell a farm to a private bidder. 

Extreme weather and pressure on margins across the board has prompted new Tenant Farmers Association (TFA) chairman Mark Coulman to call for early rent abatements for tenant farmers.

Britain’s rising need for food security in a post-Brexit world will lead to a higher strategic value being placed on farmland, delegates attending a seminar at the Floodex event heard.

March is already upon us, with spring soon approaching as gauged by the daffodils, primroses and the date on the calendar. However, most days these last few weeks, the climate has been extremely changeable, with four seasons on several days, but the constant theme has been rain and more rain.

The Chancellor of the Exchequer has been warned that the scrapping of agricultural property relief in the budget would damage family farms across the country.

NFU president Minette Batters has urged the Government to think responsibly about the impact land taken out of food production can have on farm businesses, following the prime minister’s confirmation HS2 will be built.