The presentation given by Simon Dixon Smith of Land Partners at the CLA's CAP Update event held on Tuesday 3 December 2013 at The Bell Hotel, Stilton, near Peterborough.
Mr Dixon Smith discussed how CAP will impact on your farm business, using case study examples.
""Over the past three years, we have transformed Eni into a leaner and more resilient company. We have built a high margin portfolio consisting of a large number of mature projects, which will secure our production growth over the medium and long term, and a huge amount of reserves, which will give us flexibility and value."
Today, Eni’s Board of Directors approved the Group results for the first quarter of 2019 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked:
“I am very pleased of the excellent industrial and financial performance delivered by Eni in IQ 2019. Particularly, in light of a substantially unchanged market scenario, the E&P business has improved its operating profit by 25% compared to the first quarter of 2018, confirming our expectations of the business growing cash generation for the full year. The results of the G&P segment also improved; the 16% increase in operating profit to €372 million puts us on the path to achieving our €500 million profit target for the full year. The performance of the Downstream R&M and Chemicals business offset the effect of weaker margins and we expect to see a broad recovery over the next nine months, particularly in oil Refining and Marketing. Overall, first quarter operations generated a cash flow of €3.42 billion, up 8% and €1.5 billion greater than the investments for the period of around €1.9 billion, which is in line with the expectations of €8 billion for the whole year. The Group confirms that it can leverage on the quality and robustness of its asset portfolio, capable of covering costs, investments and dividends at a Brent price of US$ 55, in addition to generating a cash surplus in the event of higher prices, as in current trading conditions.”
Short and medium term strategy updated: costs and capex optimization increased; energy transition targets confirmed, and investments in businesses linked to decarbonization raised. New shareholders’ remuneration policy put in place.
""Over the past three years, we have transformed Eni into a leaner and more resilient company. We have built a high margin portfolio consisting of a large number of mature projects, which will secure our production growth over the medium and long term, and a huge amount of reserves, which will give us flexibility and value."
Today, Eni’s Board of Directors approved the Group results for the first quarter of 2019 (unaudited). Commenting on the results, Claudio Descalzi, CEO of Eni, remarked:
“I am very pleased of the excellent industrial and financial performance delivered by Eni in IQ 2019. Particularly, in light of a substantially unchanged market scenario, the E&P business has improved its operating profit by 25% compared to the first quarter of 2018, confirming our expectations of the business growing cash generation for the full year. The results of the G&P segment also improved; the 16% increase in operating profit to €372 million puts us on the path to achieving our €500 million profit target for the full year. The performance of the Downstream R&M and Chemicals business offset the effect of weaker margins and we expect to see a broad recovery over the next nine months, particularly in oil Refining and Marketing. Overall, first quarter operations generated a cash flow of €3.42 billion, up 8% and €1.5 billion greater than the investments for the period of around €1.9 billion, which is in line with the expectations of €8 billion for the whole year. The Group confirms that it can leverage on the quality and robustness of its asset portfolio, capable of covering costs, investments and dividends at a Brent price of US$ 55, in addition to generating a cash surplus in the event of higher prices, as in current trading conditions.”
Short and medium term strategy updated: costs and capex optimization increased; energy transition targets confirmed, and investments in businesses linked to decarbonization raised. New shareholders’ remuneration policy put in place.
Eni: results for the third quarter and the nine months of 2017Eni
The key messages for 2017 that we presented today:
E&P will reach its highest ever level of production and will continue to add high value barrels;
G&P is structurally positive;
Chemicals is beating new records and R&M is further enhancing its resilience;
At less than $45/bbl Brent we have one of the lowest levels of cash neutrality to cover capex and a full cash dividend; and
Gearing is expected to fall to 20% at year end.
Eni: second quarter and first half of 2016 resultsEni
Claudio Descalzi, Eni’s Chief Executive Officer, commented:
“Eni has achieved significant results in the first half of 2016, despite the weak but slowly improving market environment. Hydrocarbon production beat expectations, offsetting the suspension of activity in Val d’Agri and the disruptions in Nigeria. Our main developments are proceeding on time and on budget, allowing us to confirm our expected production growth of more than 5% in 2017. Our exploration, which is focused on near field activity, has allowed us to revise upwards our expectations for new discoveries in just six months. In mid and downstream, we have achieved positive results across all of our operations due to restructuring and efficiency measures which will continue as planned. Our strategy, including the optimization initiatives and a reduced cost base, has allowed us to absorb part of the impact of a low oil price scenario with a positive contribution of €1 billion to EBIT. We are maintaining our strong balance sheet, funding capex with our cash flow at a Brent price of 50$/bl. On this basis I will propose an interim dividend of €0.40 per share to the Board.”
Eni: trasformata in società forte e solida, punta all’espansione. L'Italia è ...Eni
L’AD Claudio Descalzi illustra il Piano strategico 2018-2021 alla comunità finanziaria italiana e fa il punto sulla sicurezza e sullo stato delle attività della compagnia in Italia.
“Eni has markedly improved its financial and operational performance, driven by the ongoing execution of Eni strategy across all business segments. We expect that in 2017 organic cash generation, coupled with proceeds from disposals, will allow us to fully fund our capex and dividend requirements at an oil price well below the current level.”
Eni: results for the third quarter and the nine months of 2017Eni
The key messages for 2017 that we presented today:
E&P will reach its highest ever level of production and will continue to add high value barrels;
G&P is structurally positive;
Chemicals is beating new records and R&M is further enhancing its resilience;
At less than $45/bbl Brent we have one of the lowest levels of cash neutrality to cover capex and a full cash dividend; and
Gearing is expected to fall to 20% at year end.
Eni: second quarter and first half of 2016 resultsEni
Claudio Descalzi, Eni’s Chief Executive Officer, commented:
“Eni has achieved significant results in the first half of 2016, despite the weak but slowly improving market environment. Hydrocarbon production beat expectations, offsetting the suspension of activity in Val d’Agri and the disruptions in Nigeria. Our main developments are proceeding on time and on budget, allowing us to confirm our expected production growth of more than 5% in 2017. Our exploration, which is focused on near field activity, has allowed us to revise upwards our expectations for new discoveries in just six months. In mid and downstream, we have achieved positive results across all of our operations due to restructuring and efficiency measures which will continue as planned. Our strategy, including the optimization initiatives and a reduced cost base, has allowed us to absorb part of the impact of a low oil price scenario with a positive contribution of €1 billion to EBIT. We are maintaining our strong balance sheet, funding capex with our cash flow at a Brent price of 50$/bl. On this basis I will propose an interim dividend of €0.40 per share to the Board.”
Eni: trasformata in società forte e solida, punta all’espansione. L'Italia è ...Eni
L’AD Claudio Descalzi illustra il Piano strategico 2018-2021 alla comunità finanziaria italiana e fa il punto sulla sicurezza e sullo stato delle attività della compagnia in Italia.
“Eni has markedly improved its financial and operational performance, driven by the ongoing execution of Eni strategy across all business segments. We expect that in 2017 organic cash generation, coupled with proceeds from disposals, will allow us to fully fund our capex and dividend requirements at an oil price well below the current level.”
Blake Lapthorn solicitors' Rural team held a Rural professionals' breakfast briefing on the legal issues currently facing the Rural sector on 5 February 2013.
Carbon Tax Vs. Cap-and-Trade: A Comparative AnalysisDipika Deb Dipa
Carbon emission is one of the major issues world wide. Being a global issue
also this single topic is directly or indirectly related with international trade,
politics, global economics, agriculture, health issues, sustainable development
etc. To reduce the carbon emission carbon tax and cap-and-Trade system
works as ecient tools. Several countries have adopted any of these or both
of the tools in order to diminish the carbon emission in nature. This paper
tried to compare dierent aspects of carbon tax and Cap-and-Trade system
and application of in dierent countries. The aim of this paper is to analyze
pros and cons of the policies and to recommend Canada to chose necessary
steps in order to reduce carbon emission.
By Steven Fries, Chief Economist at DECC
Presented at 'Staying on Target: Securing the UK's Energy Future in Challenging Times'; an event organised by the UK Energy Research Centre, on Wednesday 30 April 2014, 14.00-19.00, in London, United Kingdom.
Opportunities in the journey to ‘subsidy free’ StephenGeoMills
Bruce Valpy's presentation to AllEnergy Conference in Glasgow on 4 May on how the offshore wind industry can get to subsidy free and the opportunities that presents to the supply chain
The UK’s Carbon Reduction Commitment Energy Efficiency Scheme will mean changes for businesses when Phase 2 begins – the rules for eligibility are different and the allowance pricing is set to increase.
The UK’s Carbon Reduction Commitment Energy Efficiency Scheme will mean changes for businesses when Phase 2 begins – the rules for eligibility are different and the allowance pricing is set to increase.
ONS Local has been established by the Office for National Statistics (ONS) to support evidence-based decision-making at the local level. We aim to host insightful events that connect our users with exciting developments happening in subnational statistics and analysis at the ONS and across other organisations.
On the 16th February ONS released an update estimating that the Low Carbon and Renewable Energy Economy (LCREE) turnover and employment estimates are both at their highest level since the first comparable figures in 2015. This is an exciting development from an environmental economics perspective, as it seems to demonstrate growth well above average when compared to the UK economy as a whole.
These estimates were generated by the LCREE business survey which is run by ONS’ Environment Division on an annual basis. The survey goes out to ~25,000 businesses each year asking questions on economic performance within 17 predefined low carbon and renewable energy sectors.
This webinar explored key trends from this exciting 2021 iteration of the survey. In addition development plans were presented, including the potential links to ongoing Green Jobs development work, in particular the potential to explore additional regional estimates.
If you have any questions, please contact ons.local@ons.gov.uk
CAP Update presentation - Ed Barker, CLACLA - East
CLA Agricultural Adviser, Ed Barker presentation on CAP developments given at the CLA's CAP Update event held at The Bell Hotel on Tuesday 3 December at The Bell Hotel, Stilton near Peterborough.
Presentations from Louise Speke (CLA Chief Taxation Adviser), Michael Mack (Farm and Rural Business Consultant at Smiths Gore), and Rachel McKillop-Wilkin (Senior Associate at Birketts Solicitors) from the CLA Succession Event held at Elveden Village Hall on 3 December 2014.
Is This Conversion The Right Thing To Do?CLA - East
Chris Leney, Partner, Robinson & Hall, presentation on Permitted Development Rights for change of use of farm buildings, given at CLA East's Planning for the Future event in Essex on 18 November 2014.
Permitted Development Rights for Change of use of Farm BuildingsCLA - East
CLA Head of Planning Fenella Collins MRICS presentation on Permitted Development Rights for change of use of farm buildings, given at CLA East's Planning for the Future event in Essex on 18 November 2014.
HSBC UK's Head of Agriculture Allan Wilkinson's presentation to the 'Setting Your CAP' event at Stoke Rochford Hall, Lincs, on Thursday 23 October 2014.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...
CLA CAP Talk Nov 13 - Land Partners
1. 3rd December 2013
CAP Reform update
Impact on farming business 2013-2015
Simon Dixon Smith MRICS FAAV
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
2. DEFRA statements of intent
• “We will seek to adopt the simplest approach which is most likely to
minimise the burden on you and the RPA…”
• “We will seek to implement a direct payment system which is simple
and accessible to you, by eliminating unnecessary complexities and
by avoiding gold plating”
• “Simplicity, affordability and effectiveness will underpin our approach
to implementing the new CAP in England and the policy choices we
take. I am resolutely determined to avoid the mistakes of 2005.”
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
3. Overall UK budget changes
2007 – 2013
• Pillar 1 £20.5bn
• Pillar 2 £3.7bn
£24.2bn
2015 – 2020
• Pillar 1 £17.8bn
• Pillar 2 £1.84bn
£19.64bn
•
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
5. Who will be affected?
•
•
•
•
•
Largest farms
Smallest farms
Occupancy changes
Young farmers
Everyone else…
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
6. Largest Farms
If more than €150,000 after greening (c1750 acres cropped)
Preference – Degressivity
-
5% deductions
-
Unlikely to be any allowance for salaries
Or – Re-distributive payments
-
Up to the first 54ha
-
Max 65% top-up
>30ha arable – 3 crops to be grown
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
7. Smallest Farms
• Less than 5ha – no claim allowed
• Less than 10ha of arable land – no crop diversification
• Less than 15ha arable land – no Ecological Focus Area
• Less than 30ha arable land- 2 crop to be grown unless
75% of holding grassland or
75% of arable area temporary grass
Consider letting out some land to bring the holding under the
thresholds
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
8. Occupancy Changes
Entitlements will roll over
31st December 2014
2015 claim area
National Reserve
Crop diversification if you rent out more than 50% of your land
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
9. Young Farmers
Someone under 40 the „head of the holding‟
Budget ceiling
Minimum skills & training requirement?
BPS top-up for 5 years
Each claim before 40th Birthday
Defer appointments?
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
10. Everyone Else
Direct Payments (Pillar 1):
• Movement of area payments „uphill‟
2015, before
deductions
(per hectare)
SDA
Moorland
Current
€242
€195
€34
Proposed
•
•
•
•
Lowland
€236 (-2.5%)
€236 (+20%)
€62 (+82%)
Loss of entitlements in excess of eligible area
Block cropping
Potential Alternative Certification Scheme
Ecological Focus Areas
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
11. Everyone Else
Direct Payments (Pillar 1):
•
•
•
•
•
•
•
Contracting agreements
Permanent grassland restrictions
Potential for group EFA‟s
More crop codes
Designation of Permanent Grassland
Tenancy agreement review
Computer literacy
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
12. Everyone Else
Obligations to be reduced:
•
13 Statutory Management Requirements (SMRs) – from 18
•
7 Good Agricultural & Environmental Conditions (GAEC) – from
16
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
13. Ecological Focus Areas
Options include:
•
•
•
•
•
•
•
Land lying fallow
Landscape features (active management requirements?)
Buffer strips
Afforested areas (established under RDS)
Short rotation coppice
Areas with catch crops or green cover
Areas with nitrogen-fixing crops
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
14. Rural Development (Pillar 2)
“Our aim will be to implement regulations in a way that is as simple,
effective and affordable as possible, while seeking to achieve good
value for taxpayers and customers”
“I believe that transferring the maximum 15% from Pillar 1 to Pillar 2
would be the right thing to do….” Rt Hon Owen Paterson MP
Level of P1 to P2 transfer to be confirmed by 31 December 2013
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
15. Rural Development (Pillar 2)
Max budget for England £3.874bn incl. 15% transfer P1 to P2
•
•
•
•
•
CLA/NFU advocating 9% transfer P1 to P2
Existing commitments carried forward c£2.1bn
Headroom for NELMS - £600m to £1,500m
No new ELS agreements until January 2016
National co-funding c£558m over plan period
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
16. Rural Development (Pillar 2)
New Environmental Land Management Schemes from 2015
(NELMS)
-
Site specific agreements (c.f. HLS)
Area based agreements (targetted)
Small scale capital grant scheme
„Upper Tier‟
„Mid Tier‟
„Lower Tier‟
Expecting area of land under agreements to fall from
70% to 35-40%
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
17. Rural Development (Pillar 2)
In 2014 expiring „classic‟ agreements (other than ELS) will be
renewable as ELS or HLS
Risk of additional modulation? (10% + 9% in 2013)
ELS features & EFA interaction
Historically 83% of Pillar 2 has gone to agri-environment schemes
Dual Use to be scrapped?
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
18. Budget Constraints
Re-allocation:
•
•
•
•
•
Movement „uphill‟
Young Farmers
National Reserve
Degressivity
Movement between regions ?
2.5%
2%
3%
0.08%
Possible cuts:
• EU Budget cuts
• Financial discipline
Land Partners : CAP Reform update: December 2013
1.5%
2.45%
www.land-partners.co.uk
19. Budget considerations
• 1,000 acre north Essex/south Suffolk cereal farm
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
20. Current
Cropping – Winter Wheat, 2ND Wheat, OSR
ELS – including 25ha of 6m Buffer strips
ha
Gross Margin
Total
WW1
127
1024
130,048 (10T at £150/T DC £476/ha)
WW2
127
857
108,839 (8.5T at £165/T DC £546/ha)
OSR
126
695
87,570
ELS
25
(3.5T at £320/T DC £505/ha)
12,150
338,607
Other Income
SPS
Overheads
Contracting
Others
85,000
110,000 (£110/ac)
54,000 (£54/ac)
Net Profit (before Prior charge and Divisible) 259,607 (£260/ac)
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
21. Case Study 1
Maintain ELS, Cropping WW1, WW2, OSR/25ha Winter Beans
(3rd crop and EFA met by beans)
ha
Gross Margin
Total
WW1
127
1024
130,048
WW2
127
857
108,839
OSR
101
695
70,195
Winter Beans
25
615
15,375 (3.75T at £220/T DC £210/ha)
ELS
25
12,150
336,607
Other Income
BPS + Greening
Overheads
Contracting
Others
80,000
110,000 (£110/ac)
54,000 (£54/ac)
Net Profit (before Prior charge and Divisible) 252,607 (£253/ac)
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
22. Case Study 2
Give up ELS, use buffer strips for EFA and 3rd Crop
ha
Gross Margin Total
WW1
127
1024
130,048
WW2
127
857
108,839
OSR
126
695
87,570
Buffer
Strips
25
0
326,457
(Could maintain ELS as well – make up points from other out of field options +
£12,150, funds permitting)
Other Income
BPS + Greening
Overheads
Contracting
Others
80,000
110,000 (£110/ac)
54,000 (£54/ac)
Net Profit (before Prior charge and Divisible) 242,457 (£242/ac)
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
23. Case Study 3
Maintain ELS, have 25ha fallow, use this for EFA and 3rd crop.
Rotate the fallow around the farm to control Blackgrass!!!! (fallow
might have to have a winter cover crop)
ha
Gross Margin
Total
WW1
127
1024
130,048
WW2
127
857
108,839
OSR
101
695
70,195
Fallow
25
ELS
25
12,150
321,232
Other Income
BPS + Greening
Overheads
Contracting
Others
80,000
110,000 (£110/ac)
54,000 (£54/ac)
Net Profit (before Prior charge and Divisible) 237,232 (£237/ac)
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
24. Conclusions
• Actions now may impact on 2015
• Definition of EFA features will be critical
• Bottom line may not be too bad
Nothing is decided until
everything is decided
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk
25. Land Partners LLP
The Old Stables, Lyons Hall Business Park, Lyons Hall
Road, Braintree, Essex, CM7 9SH
info@land-partners.co.uk
01376 328297
Land Partners : CAP Reform update: December 2013
www.land-partners.co.uk