BPS Update – 2016 Payments
The Rural Payments Agency (RPA) have now paid 93% of claimants their 2016 payment. Please check payments received carefully as we are aware of a number of incorrect payments being issued where land or entitlement changes have not been completed or mapping work is outstanding.
February 2017 Bulletin
Continuing the success of 2015, Adkin has maintained its market share of agency instructions across Oxfordshire, Berkshire and surrounding counties.
With sales transactions of in excess of £39m including farms and estates, residential, development and amenity land, we have collectively sold in excess of 1,400 acres. Alongside this we have helped clients acquire in excess of £6.5m of property including farmland in Oxfordshire, poultry units in Wiltshire and Somerset and residential property in both Oxfordshire and London.
Our recently produced Agency Review provides an insight into some of the transactions we have been involved in over the past year, download your copy here.
The Adkin Annual Sale of Hay & Straw held at Ardington, Oxfordshire on Tuesday 10th January 2017 met with a better than expected trade. With buyers present from across the country and beyond all classes of hay and straw met with a good demand. Given the mild winter to date and reports of very disappointing trade for hay elsewhere the hay trade well exceeded expectations. Straw was again a good trade and in strong demand and more could have been sold to advantage.
REPORT ON ANNUAL AUCTION SALE 2017
The Rural Payments Agency (RPA) confirmed on the 4th January 2017 that 91% of farmers received a payment by the 31st December 2016. They have therefore met their target to pay 90% of claimants by that date and the next target is to pay 93% of claimants by the end of March 2017.
Adkin are delighted to announce that Jess has passed her CAAV exams and has been promoted to the position of Senior Surveyor to reflect her hard work and increased responsibilities within the business.
The payment window for 2016 claims is now open and we are aware that payments have commenced. Please ensure you check the amount carefully as there have already been incorrect payments where mapping work is ongoing or incorrect on the system.
Residential Lettings – Reminders
There have been a number of changes to the legislation governing residential lettings over the last year. Below is a reminder of the measures landlords must ensure are in place:
2016 Exchange Rate
The Euro exchange rate applicable to BPS 2016 payments was set on the 30th September 2016.
It is the average of the European Central Bank exchange rates set during September 2016 and is €1 = £0.85228.
This is positive news compared with BPS 2015 which saw an exchange rate of €1 = £0.73129.