Higher recent milk supply figures have led some to believe that the UK might get closer to filling the national quota in 2014-15. Whilst an unlikely 12%+ increase in production would be needed to exceed UK quota it is possible that if production rises this will lead to some milk buyers withholding monthly milk cheques from suppliers who exceed their individual quota.
That has had a knock on effect and kick started both the quota leasing and sale markets after 10 years of little interest. Bearing in mind this is the last year of quotas there is no great practical difference from a quota standpoint in leasing or selling but there are differences in the tax treatment and some tenants are able to lease out but cannot sell quota.
If your milk production is up and your milk buyer indicates that they will penalise you for exceeding your milk quota this year, you might consider the current price to either lease or buy a small price to pay to guarantee a regular milk cheque. Our webpage What We Do gives our current milk quota prices, or you can ring us on 01793 842055 if you wish to discuss your own situation.
WebbPaton have completed two separate sales of residential development land with planning permission this week. The sites are a 36 dwellings site at Steventon in Oxfordshire sold to Linden Homes and a 73 dwelling site at Hook Street, Swindon to Persimmon Homes.
In the next two months we have residential development sites at Faringdon and at Shrivenham which will come on the market seeking house builders bids.
The demand to find land for housing continues in the Wiltshire, Oxfordshire and swindon market place. If you are a farmer with land which you think is suitable for developmemt please contact George Paton at WebbPaton.