At the NFU Conference, Secretary of State for Environment, Food and Rural Affairs Steve Reed announced new reforms which the government states will make farming more profitable.
In the days following, Carter Jonas has put out a statement responding to the announcements.
Tom Hind, Carter Jonas associate, said: “Defra has announced a number of positive developments today which land owners should review when considering investments in their businesses from this spring.
“The reopening of the capital grants scheme – albeit subject to limits – should appeal to a broad range of farms and estates.
“Costly actions such as fencing has been the most popular use of this money in the past, and by combining the £35,000 grant for protecting hedges plus £25,000 for protecting water, applicants may be able to attract significant support for certain projects.
“Those needing to upgrade their slurry management or application equipment can apply for up to £25,000 under the Farming Equipment and Technology Fund, and there are similar sums available to support the purchase of direct drills, yield monitors and other technologies which can contribute to productivity improvements. Investment in animal welfare enhancements are also supported under this fund.
“Farming in Protected Landscapes (FiPL) has been extended past March 2025 and will continue to offer bespoke support for land managers within National Parks / Landscapes prioritise climate, nature, people and places at up to 100% of the project cost”
“In addition to the capital investment opportunities, those in Higher Level Stewardship will see their payments increase.”