With the value of entitlements going down would it be good time to buy them?
Or rent them?
35 HA suggest a farm expansion or a new set up. Much better option than leasing. They will probably increase in value by the end of this CAP. He could have still drawn CRISS ( well he needed one entitlement) and eco without it.
I see @trabpc has indicated he will collect 108 extra which indicates CRISS on first 30 HA. As a farm expansion or a new set up he probably will not have a serious tax issue this year or next year. At any stage in the net ten years they will retain there value and may be worth up to three times what he paid for them
@trabpc
Was just renting entitlements past few years. But told this year was time to buy as guaranteed for 5 yrs at least.
Quoted 2.5 times the value for national average entitlements this morning. Still hoping to buy them for 2.3 or 2.4 though yet
You would get eco and criss with 1 entitlement so your 1st one may be worth a lot more but the rest are €116 each.
It's still a good ROI, better than anything else on the farm.
Spare entitlements must be scarce to buy, I'm getting loads of enquiries now, I should've charged more for them.
I believe we'll get Eco regardless of any entitlements . But yes the criss required at least one entitlement
My ag advisor told me he had more than he could lease out a few weeks back but got in touch this week to take them off me for another year. So perhaps there is a late improved demand for them.
I would think year 4. As commission +vat will have to be taken into account. Also income tax will have to be paid on profit each year
Any move on price of entitlements this week as we edge closer to the deadline ?
Would it be too late to start enquiring about this now or am I too late? Do I contact my advisor to set this up?
Not too late st all.
No need to contact advisor. Just have a look I'm the Journal tomorrow - lots of auctioneers advertising them there
What would you lease out entitlements at now. I'm looking for 21 entitlements.
Auctioneer said today new customers will have to buy before Friday . Low value entitlements costing 2.8-3.00 times value Higher value twice their value.
I am thinking on leasing 40 entitlements with land. Can someone point me in the direction of form docs procedure.
What would be the highest value entitlements value you could buy that won't reduce in value?
€155 afaik.
knock yourself out with this
Yes 150 to 155
I bought a few. €129@2.4 + 4% commission incl VAT
Got a few sorted for the OH yesterday evening. €101 at 2.5 time value. Commission paid by the seller so not too bad. Still a lot floating around according to my man but mostly for rental now at this stage of the game.
Been caught on the hop with this.
Basically have 9 entitlements on a portion on a farm (rest is leased out), local man just cuts silage on 4.6Ha, 4.35Ha under forestry.
Not that interested in booting your man out (he's handy for odd jobs and hedge trimming) and getting animals in, having a full time job and all.
Had been kicking the tyres on the 'maintaining landscape features' option, but don't know anything about it.
Maybe just cash them out?
Can you buy them again next year if you miss the deadline this year?
I wonder if they will be cheaper again next year as 2 years not to use entitlements before you lose them. Heard myself alot of lads left with entitlements and no land. You got got good value with your own so no matter.
You would imagine they will have to be some bit cheaper. 2x value would be about right and probably less for the higher value ones.
If you have bare ground then they'll do better than any other investment I know of over 5 years
It was easy enough lease them out this year, I'd be surprised if there's any unused, I leased out 33 andd could've leased out much more
At last picked up some national average value entitlements at 2.35 value.
Happy enough to get it sorted.
Looking to lease some out and been told we will be lucky to get 40% of the value?
It would depend on the Bliss value. Lower value entitlements sub 150/HA are hardly worth the hassle/risk of leasing
What risk are you referring to in leasing them ?
If you get a penalty the percentage is taken off the total amount. Say you got a compliance penalty of 10%. On a 150 euro entitlement it's 15 euro. Remember you are paying up front which has a cost as well. Finally this year you have the fact that land eligibility is all over the place.
I know I've to talk to an adviser on this but maybe someone can help - I'm going to lease out land, but won't be in a position to complete it until July. Do I make my application as normal prior to the May deadline or how does that work? I will also be leasing out the entitlements with the land.
