The time immortal words of Mark Twain continue to strike a chord as Britain’s second agricultural revolution starts to take shape.
We now know BPS is going, and much faster than expected. The first £30,000 of the annual payments are taking a modest 5% cut this year (2021) with a 15% year on year cut reaching a 50% reduction by 2024. The cuts get deeper as the claim size increases.
There are further details of this in our blog post here >>
The Environmental Land Management Scheme (ELMs) will plug the gap for some, but it’s likely that this will focus on areas of special environmental interest such as chalk downland or peat upland, or on public access. Potentially it’s less helpful for straight forward arable ground and it’s here that other opportunities may need pursuing.
Get on the front foot now
The 2021 cut is gentle and as such now is the time to plan for the future, whether that is succession planning, diversifying, investing in buildings, machinery or technology or pursuing an opportunity to purchase your farm tenancy.
Whilst the AMC weren’t quite around at the time of the first agricultural revolution, they have, for the past 90+ years specialised in supporting rural businesses, weathering many storms during this period.
As your leading AMC Agents, Hobbs Parker and our AMC Agent Team are here to support you in the current uncertain climate and build a stronger more resilient business for the future.
What does AMC Offer?
- Peace of mind – that you are working with a lender who has 90+ years of commitment to the sector.
- Local contact – working with longstanding AMC Agent – Hobbs Parker.
- Long term loans – committed for the term, with no annual reviews or renewal fees.
- Fixed or variable interest rates – on either Interest Only or Repayment basis.
In the last year Hobbs Parker have undertaken AMC applications for farm shops, new accommodation to support the next generation, funding for land purchases to enable expansion and tenant’s buying their freehold, as well as refinancing of current overdraft and bank loan facilities.
Loans start from £25,001 upwards with the option to set pay back anywhere from 5 to 30 years at competitive rates.
Mark Twain’s simple solution for big problems!
“The secret of getting started is breaking complex overwhelming tasks into small manageable tasks, and starting with the first one.”
For a confidential, no obligation discussion about the future of your farming business (your first step) contact us today – call 01233 506201.