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Leasing land -Entitlements???

  • 21-03-2014 8:19pm
    #1
    gingerfarmer
    Registered Users, Registered Users 2 Posts: 11 ✭


    Hi
    I was just wondering if I lease out land do i have to lease or sell the entitlements as well as i am not using the land anymore. I have tried looking it up but it is really confusing. Can someone please explain it to me in english that people can actually understand.

    Thank you
    Tagged:


Comments

  • #2
    Miname
    Closed Accounts Posts: 1,984 ✭✭✭Miname


    if you werent farming it last year your entitlements as far as i know will basically disapear.if you were farming even a portion of it that you claimed omething on then you should be able to hold onto your entitlements. you should sell this year before 5 may if you claimed nothing last year.


  • #3
    gingerfarmer
    Registered Users, Registered Users 2 Posts: 11 ✭gingerfarmer


    yea we have been farming all of it, but we are down sizing so we don't all the land so we are renting it. We have claimed every year, We have never rented before so we are a bit confused. The guy we are renting it to said that we have to sell them cause we aren't using them anymore and if we want to use the land again we have to buy them back. Again I have tried to look this up but I can't find a clear answer.


  • #4
    TUBBY
    Registered Users, Registered Users 2 Posts: 828 ✭✭✭TUBBY


    gingerfarmer wrote: »
    yea we have been farming all of it, but we are down sizing so we don't all the land so we are renting it. We have claimed every year, We have never rented before so we are a bit confused. The guy we are renting it to said that we have to sell them cause we aren't using them anymore and if we want to use the land again we have to buy them back. Again I have tried to look this up but I can't find a clear answer.

    He is wrong. The money you get this year will be divided by the amount of land you claimed in 2013 or 2015 whichever is lower. This will be 2015 for you. It just means your entitlement value will be higher per hectare than at present cause you claiming same amount on less land.
    hope that makes sense.


  • #5
    Upstream
    Registered Users, Registered Users 2 Posts: 288 ✭✭Upstream


    gingerfarmer wrote: »
    yea we have been farming all of it, but we are down sizing so we don't all the land so we are renting it. We have claimed every year, We have never rented before so we are a bit confused. The guy we are renting it to said that we have to sell them cause we aren't using them anymore and if we want to use the land again we have to buy them back. Again I have tried to look this up but I can't find a clear answer.

    It may not be the case that you have to sell them. Once you have been an active farmer in 2013, there's something called a private contract clause, PCC, that may be of use here. Details are sketchy at the moment and time is short, so maybe best to look for professional advice from Teagasc or similar, if you don't hear anything more here.


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