CAAV tenancies survey: make good use of FBTs for productivity

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Area payments have hobbled farming’s tenanted sector for over 15 years says the Central Association of Agricultural Valuers (CAAV) in its latest Annual Agricultural Land Occupation Survey, for 2021.

As area subsidy payments (Single and Basic Payment) have paid people to occupy land, so they have reduced activity in the let sector. The CAAV surveys show that for England and Wales in each year since 2007:

  • activity has only been between 30 and 40% of the 1999 level
  • the number of new FBTs has only been around 25% of the number in 1999.
  • larger units let for longer – tenancies over 200 acres were let for an average of 6.4 years
  • fully equipped units let for longer – tenancies with a dwelling were let for an average of 9.6 years.

“This description of the tenanted sector also bears on the discussion of the interactions between let land and the developing public money for public goods schemes of post-Brexit policies, both as to tenants’ participation and whether the new options may prove to offer an alternative to letting land for farming,” says Mr Moody.

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