The first deals of the 2015 entitlement trading period have recently been agreed at Rostons.
With a busy 2014 trading period only just finishing last month, it has not been long until deals are being agreed for this year’s trading.
The enquiries and interest coming in from both vendors and purchasers are notably more than previous years.
Carys Williams MRICS FAAV of the Rostons Trading team comments that “usually, this time of year is much quieter for Entitlement Trading, the busy rush just before the 2nd April deadline has passed and trading doesn’t really tend to pick up until later in the summer.”
This year however, trends appear to have not followed. It is predicted this is due to two main factors:-
For vendors, the rule set for 2015 which states that if entitlement is not claimed on in 2015, they will fall automatically into the national reserve, means that the thought of a sale of any surplus entitlement is much more appealing than losing them completely for no financial return.
For purchasers, the new trading deadline of the 19th October 2014 means that if an additional amount of entitlement is needed, many are acting now, rather than waiting for the trading window to open again in mid January 2015, once we have moved into the new Basic Payment Scheme.
In 2005/6 when we entered into what was then the new Single Payment Scheme, many issues were seen with delayed payments as a result of buying entitlement in the latter period. Hence why we recommend anyone looking to buy to do so as soon as possible.
English Non SDA Entitlement is currently trading at £180/ha + VAT. Rostons have a number of non VAT registered vendors also selling.
If you wish to register your requirements, whether that be to buy or sell, please contact the Rostons Team on 01829 773000.