Page 3 - Gary Markham News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Forward-thinking farmers must be more efficient and sustainable to meet the multitude of challenges heading their way – including increased competition in

Clearly communicating ambitions and outlining them in a Family Charter can be key to improving the succession process that often proves so difficult for

Advice for navigating changes in farm support >More in © Tim Scrivener The phase-out of the Basic Payment Scheme (BPS) is set to have a huge impact on farm incomes across England. After the first cuts this year, farm businesses face the loss of at least half their annual basic payment by 2024 – with the whole lot gone by 2028. Incomes will be down by as much as £230/ha, say farm business consultants. BPS funding currently represents some 58% of profit across all farm types – with sectors such as grazing livestock performing signi...

Regenerative farming data show variable costs cut by 18% >More in © Tim Scrivener Latest results from the Groundswell benchmarking group show that everything is lower in a regenerative agriculture system, except for the all-important net margin. Variable costs are 18% lower, while labour and machinery costs are down by 32%, reports Gary Markham of Land Family Business, who runs the Groundswell Benchmarking Group. However, so too are yields and crop gross margins – with the average output being 21% lower and gross margin falling by 2...

CFAs need new approach in light of BPS phase-out >More in © Tim Scrivener Contract farming agreements (CFAs) need to change to account for the impact of Basic Payment Scheme (BPS) cuts and the move to Environmental Land Management (ELM), says Gary Markham of accountant LFB. Many contractors in these agreements have lost money on them in recent years because of high initial tenders and the challenges of the past few seasons. “People need to talk about how to cope with reducing BPS rates and they are largely not doing so,” says Mr M...