BPS Entitlements for sale and lease

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MARKET UPDATE

Deadline 16th May

Trading for English SDA and Moorland remained strong until the deadline at £200/ha and £35/ha + VAT. However an unexpected surplus of English Non SDA Entitlements at the very end of the trading season created a last minute buyer's market for a few people and lower prices were only able to be achieved for the last few trades. Average prices across the year were as follows:

Trading for English SDA and Moorland remained strong until the deadline at £200/ha and £35/ha + VAT. However an unexpected surplus of English Non SDA Entitlements at the very end of the trading season created a last minute buyer's market for a few people and lower prices were only able to be achieved for the last few trades. Average prices across the year were as follows:

English SDA £180/ha + VAT,
English Moorland £35/ha + VAT
English Non SDA £175/ha + VAT

May 2022

Prices for Non SDA entitlements rose to £200 + VAT at the beginning of the month but additional last minute supplies has reduced the market price somewhat. SDA entitlements remain in short supply and are priced at £185/ha + VAT. There is a plentiful supply of Moorland entitlements at £30-£35/ha + VAT.

Trading from the office will likley continue through to the 16th May (Monday RPA deadline) as usual.

April 2022

Demand is outstripping supply leading to an unusually strong market for Non SDA entitlements. Also SDA entitlements in short supply but plenty of Moorland entitlements are available.

March 2022

Supplies of all types of entitlements somewhat restricted this year due to potential retirees retaining surplus entitlements to surrender under the Lump Sum Exit Scheme. Prices have moved up for Non SDA from £150/ha to £170/ha + VAT, with SDA entitlements remaining at £175/ha + VAT and Moorland entitlements trading around £35/ha + VAT

February 2022

The RPA opened the trading window at the beginning of this month and we have all categories of English entitlements for sale and lease. The deadline for 2022 entitlement transfers is 16th May 2022.

December 2021

The trading will start for the 2022 season early in the new year with the RPA opening the transfer window in February. As ever, the prices will depend more on supply and demand than on the payment yield (which will reduce in 2022 by the progressive reduction rates of between 20%- 40%). However a limited amount of entitlements will be removed from use by the RPA's proposed Lump Sum Exit scheme,(reportedly unlikely to be popular) and this may stimulate slightly more demand. We therefore anticipate prices of between £150/ha-£200/ha+VAT for Non SDA and SDA entitlements, and around £40/ha+VAT for Moorland entitlements.

May 2021

Supplies of Non SDA entitlements have remained tight with prices between £140-£150+VAT/ha. SDA entitlements are selling at £160 - £165+VAT/Ha and Moorland entitlements have edged up to £30-£35+VAT/Ha.

April 2021

Prices for Non SDA entitlements briefly dipped to £110-£120/ha due to sluggish demand but have now firmed to £140/ha.
SDA entitlement prices have reduced to £150-£160+VAT and Moorland entitlements can, at the time of writing, be purchased for as little as £25/ha + VAT.

March 2021

Slightly increased supplies of Non SDA Entitlements have had a slight downward pressure on prices which have reduced to £135-£140/ha + VAT (£150/ha for Non VAT Entitlements). The price of SDA Entitlements has remained firm at about £175-£180/ha + VAT.

February 2021

The RPA opened the trading window for English entitlements at the beginning of February and announced the transfer deadline as 17th May 2021. Trading has started more strongly than usual at £150/ha + VAT for English Non SDA with smaller lots without VAT achieving slightly more. Prices for SDA and Moorland are £180/ha + VAT and £30-40/ha + Vat respectively.

The Government has announced the continuation of BPS until 2024 albeit with widely publicised tiered reductions. Confirmation that entitlements will be required at least until 2024 has underpinned the market and, as ever, price movements are all about supply and demand rather than investment yield. In other words, the fact that the BPS payments are coming down does not necessarily mean that the entitlement prices will be lower now that there is some certainty about future payments.

May 2020

15th May (midnight) is still the BPS 2020 entitlement transfer deadline as published on 03.05.2020 by Rural Payments Agency. This is also the deadline to have land at customer's disposal.

15th June 2020 (midnight) is the new deadline for BPS 2020 applications (including Young and New Farmer applications)

March 2020

Market Prices for English BPS Entitlements:
Non SDA large lots £105/ha + VAT
Non SDA small lots £115/ha + VAT
Non SDA without VAT £125/ha
SDA small and large lots £180/ha + VAT
SDA Moorland large lots £35/ha + VAT

February 2020

Trading is now underway for 2020 Basic Payment Entitlements. Rural Payments system open.

May 2019

Trading has now closed for 2019 Scheme Year. Please contact this office for forward trading - 2020 entitlements.

April 2019

Non SDA large lots £110/ha + VAT

TYPE QTY PRICE £/Ha Ref
SDA large lots £175/ha + VAT
SDA small lots £180/ha + VAT
Moorland - £40/ha + VAT

March 2019

On-line Basic Payment Entitlement (BPS) trading is now in full swing, coupled with the fact that the Rural Payment Agency has how "opened" the claim window for 2019 Basic Payment Claims (BPS).

Current Prices for English BPS Entitlements are quoted at:

Non SDA large lots £130/ha + VAT
Non SDA small lots £140/ha + VAT
Non SDA without VAT £145/ha
SDA large lots £180/ha + VAT
SDA small lots £200/ha + VAT
Moorland - £40/ha + VAT

January 2019

Advance trading of entitlements has now started ahead of the RPA on-line trading window which is expected to open in February. Prices for English BPS Entitlements are quoted at:

£150+VAT for Non SDA,
£175+VAT for SDA
£55+VAT for Moorland.
Prices for entitlements without VAT are currently £10-£15/ha higher.