A number of farmers will be furious this week after a hike in stamp duty on commercial land sales from 6% to 7.5%.
Farmland comes under commercial land and some readers will remember the furore in 2017 when the Government unwittingly increased the stamp duty on commercial land from 2% to 6%. This time around The Dealer noticed that in the hour-long budget recital, Minister for Finance Paschal Donohoe was sure to mention farm restructuring relief – which pulls down the rate of stamp duty for farmers – before mentioning the commercial rate.
All well and good, but farmers who can’t avail of blood relative or restructuring relief will still face the 7.5% whack of stamp duty.
Social media savvy civil servants
The Dealer was surprised to hear Department officials tell farmers they were disappointed with the low farmer turnout at a recent CAP consultation in Mitchelstown. They put this down to their own lack of advertising of the event, though The Dealer quietly thought farmers might have decided they had better places to be.
But Department staff said they would send a text to farmers to notify them of the next event and, sure enough, The Dealer heard that numbers swelled. Though given farmer reaction to some of the CAP proposals, the Department might have preferred if some farmers had stayed at home after all.
Tommy Boy the star attraction
The Dealer was in Carrigallen Mart at the weekend for the annual show and sale of weanling bulls and stumbled across a lovely story attached to the Champion Belgian Blue bull calf in the pre-sale show.
The BBx weanling Tommy Boy by the Bova AI sire JKS, belonged to Irish Farmers Journal A Farmer Writes contributor Karen McCabe and her father Michael.
Karen was pictured with her calf in the Irish Farmers Journal in April this year and a prospective Co Wexford purchaser Patsy Fortune spotted him, kept in contact with Karen over the summer and “come hell or high water” he was going home with Tommy Boy on Saturday.
The calf weighed 380kg and was hammered down at €1,290 (€3.39/kg) to the Co Wexford man.
Karen McCabe with Tommy Boy at two weeks of age.
For sale – 1,100ac with wind farm income
I nearly crashed the car when driving near Lisheen bog in north Tipperary the other day.
I passed a “For Sale” sign for KnightFrank.ie suggesting there is 1,100ac (approx) for sale.
The sign suggested it’s a strategic land holding with wind farm income so I suppose that means there are a few turbines going with the land.
That should add a bit of value surely with the price of carbon going up.
I wonder what’s the single farm payment – then again, capping might limit that. I must get a peep at the maps – I’ll keep you posted.
Jeremy Clarkson swaps race cars for cows
Grand Tour and former Top Gear presenter Jeremy Clarkson has bought a 1,000ac farm in the Cotswolds and will be filming his endeavours over the next year. Addressing his Twitter followers he said he’ll use “a thousand acres of the Cotswolds to make thousands of tonnes of beer and bread and vegetable oil and jumpers”. Some commentators have mocked but others have wondered if this is just Jezza’s way of addressing Brexit food scarcity fears. He is the same man who drove a pickup to the North Pole with nothing but hardy resolve, a 10-pack of Mars bars and eight litres of coco-cola.
New boss on cards for Kepak
The Dealer has heard that moves are afoot at a senior level in meat processor Kepak, with the company expected to announce a new boss soon.
It is also understood that the new man is coming from Kerry Foods to take up the top role.
Kepak, owned by the Keating family, processes 500,000 cattle, 1.3m sheep and 350,000 pigs across its abattoirs in Ireland with more operations in the UK.
A number of farmers will be furious this week after a hike in stamp duty on commercial land sales from 6% to 7.5%.
Farmland comes under commercial land and some readers will remember the furore in 2017 when the Government unwittingly increased the stamp duty on commercial land from 2% to 6%. This time around The Dealer noticed that in the hour-long budget recital, Minister for Finance Paschal Donohoe was sure to mention farm restructuring relief – which pulls down the rate of stamp duty for farmers – before mentioning the commercial rate.
All well and good, but farmers who can’t avail of blood relative or restructuring relief will still face the 7.5% whack of stamp duty.
Social media savvy civil servants
The Dealer was surprised to hear Department officials tell farmers they were disappointed with the low farmer turnout at a recent CAP consultation in Mitchelstown. They put this down to their own lack of advertising of the event, though The Dealer quietly thought farmers might have decided they had better places to be.
But Department staff said they would send a text to farmers to notify them of the next event and, sure enough, The Dealer heard that numbers swelled. Though given farmer reaction to some of the CAP proposals, the Department might have preferred if some farmers had stayed at home after all.
Tommy Boy the star attraction
The Dealer was in Carrigallen Mart at the weekend for the annual show and sale of weanling bulls and stumbled across a lovely story attached to the Champion Belgian Blue bull calf in the pre-sale show.
The BBx weanling Tommy Boy by the Bova AI sire JKS, belonged to Irish Farmers Journal A Farmer Writes contributor Karen McCabe and her father Michael.
Karen was pictured with her calf in the Irish Farmers Journal in April this year and a prospective Co Wexford purchaser Patsy Fortune spotted him, kept in contact with Karen over the summer and “come hell or high water” he was going home with Tommy Boy on Saturday.
The calf weighed 380kg and was hammered down at €1,290 (€3.39/kg) to the Co Wexford man.
Karen McCabe with Tommy Boy at two weeks of age.
For sale – 1,100ac with wind farm income
I nearly crashed the car when driving near Lisheen bog in north Tipperary the other day.
I passed a “For Sale” sign for KnightFrank.ie suggesting there is 1,100ac (approx) for sale.
The sign suggested it’s a strategic land holding with wind farm income so I suppose that means there are a few turbines going with the land.
That should add a bit of value surely with the price of carbon going up.
I wonder what’s the single farm payment – then again, capping might limit that. I must get a peep at the maps – I’ll keep you posted.
Jeremy Clarkson swaps race cars for cows
Grand Tour and former Top Gear presenter Jeremy Clarkson has bought a 1,000ac farm in the Cotswolds and will be filming his endeavours over the next year. Addressing his Twitter followers he said he’ll use “a thousand acres of the Cotswolds to make thousands of tonnes of beer and bread and vegetable oil and jumpers”. Some commentators have mocked but others have wondered if this is just Jezza’s way of addressing Brexit food scarcity fears. He is the same man who drove a pickup to the North Pole with nothing but hardy resolve, a 10-pack of Mars bars and eight litres of coco-cola.
New boss on cards for Kepak
The Dealer has heard that moves are afoot at a senior level in meat processor Kepak, with the company expected to announce a new boss soon.
It is also understood that the new man is coming from Kerry Foods to take up the top role.
Kepak, owned by the Keating family, processes 500,000 cattle, 1.3m sheep and 350,000 pigs across its abattoirs in Ireland with more operations in the UK.
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