Watch out for surprises on new subsidy scheme

THE value of land — whether for lease or sale — with low or zero Single Farm Payment (SFP) entitlements hasn’t plummeted to the low levels feared by many.

However, there could still be some surprises in store for farmers dealing with the new subsidy system.

Those planning forward on the basis of their current SFP entitlements should allow some leeway for changes in the SFP mid term review scheduled for 2008.