Entitlements

Entitlement Transfers

A new edition of the RLE1 form and guidance booklet has been produced for 2013.  The RLE1form is used for registering, transferring or making changes to land or for transferring entitlements.  The updated RLE1 includes the most common reasons why a form may be rejected. As a reminder, entitlements can be transferred between farmers at any time of the year but you need to give six weeks’ notice before the effective date of transfer.  This means to ensure entitlements are available for the 2013 scheme year transfers must be submitted by April 2^nd.

Entitlement Trading for 2013

In England entitlement trading has picked up since the turn of the year.  Reports are that demand is strong although many buyers are being cautious due to the uncertainty over CAP reforms and also there are plenty of cashflow problems.  Vendors are also holding out waiting for an announcement over whether entitlements will be rolled over or reallocated under the reforms.  Values for lowland (Non-SDA) entitlements have increased and are trading in the region of £220-£240 (+ VAT) per entitlement.  Non-VAT entitlements continue to trade at a premium of £250-£260 per entitlement.  SDA entitlements are trading between £185 to £195 per entitlement and Moorland at around £35 per unit.  In Scotland, there are reports of entitlements reaching multipliers of 1.7 times the Sterling value of entitlements.  Welsh entitlements are trading at around 1.5 times the Sterling value