Entitlements

Anyone here leasing or buying in entitlements this year - what are the prices like ?

Looking to take in some myself but don't know whether to lease or buy.

Yeah was doing a bit of research today and looks like best bet ones to buy are near or below national average so they won't lose value over the next 5 years but open to opinions in that

You will get paid eco without on complete farm without any entitlements therefore it's not a top-up. If you have a single entitlement you will get paid CRISS on first 30HA or part thereof so it's not really a top up either

You are paying for the BLISS part only

I am trying to figure out the value to a Young trained Farmer of leasing land to get entitlements ? Isn't the price of leased land higher than the value of the entitlements? Are Young farmers still leasing land just to get the entitlements ?

Thanks

I spoke with an adviser recently he was only offering 2 times their value to sell and about 55 percent of the value to rent, anybody know what entitlements are going for rent wise this year? Also am I correct in saying that in the last few years entitlements went for 3 times their value on occasion?

I leased in 21 last year, looking for similar again this year.

Its rented ground but I'm thinking of buying 10 and maybe leasing in the rest. Anyone know what's the best value to go with

You are only leasing the Bliss part so 50% of that would be the max

Is anyone leasing land here with entitlements where you have to draw down the entitlements and give them back to the landowner? With the new cap starting this year how does this work? I presume the landowner gets the bliss and the person farming gets the criss and eco scheme? Is this official? If so has anybody any issues exsplaining this to the landowner?

Would I be correct In what I am saying? So how would be the best way of going about this? Maybe tell him to have a chat with his teagasc advisor about the issue and see what he says

But if let’s just say his entitlements were €100 an acre what are they worth now when you break them down into bliss, criss and the echo scheme?

if you were drawing down his entitlements and giving him back 100% of the bliss would this be fair or would he be entitled to look for criss and echo as well?

Criss cannot be considered as part of the entitlements as it only payable on the first 30 HA therefore for a lot of lads leasing they will use this up on there owned land.

Eco is depending on the way you farm. There is tasks unless you have 10% of the land with eco features. If there is it's not farmable land do you should be deducted it from rental area

After that the Bliss is left. IMO you should just be doing a deal on what it worth to you. I see a significant attempt to rise rental costs this year and I am not sure if they will be viable in a year or so

There's no need to over complicate it.

You are leasing the entitlements and the land, what does the owner want for all.

If the entitlements were worth €100 and say rent was €500 per hectare the owner probably still expects €600..

The value of the entitlements are now less so in effect the land rent goes up to balance it.

If you have a deal where you draw entitlements and pay them to the owner does that mean you don't pay until you receive payment from the department. From a cash flow perspective you might be better off saying the entitlements are still worth €100.

its the first time the land owner is setting there place, the landowner named there price and said the entitlements have to be drawn down and handed back at the end of the year, they never said how much the entitlements are worth so does this leave a question over criss and the eco scheme?

Were ya tempted to go for higher value ones closer to the national average

From my understanding the lower value ones may rise slightly but will not reach the national average by the end of this Cap.

Would that be right ?