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The Department are running 17 Basic Income Support for Sustainability Clinics where farmers can gain assistance in making applications to a range of area-based schemes.
Reports differ across the country with higher-value entitlements selling in the region of 2.3 to 2.4 times their value while low-value entitlements are selling for up to 2.6 times their value.
Leasing of entitlements remains the dominant form of trading, with the value returned to the owner ranging anywhere from less than 30% to in excess of 55%.
With the Department making good progress on TAMS approvals since January, it is likely that nearly all tranche 1 applications will be processed by the end of the month.
CAP Strategic Plan changes including higher young farmers scheme payments and attractive organic farmer scheme premiums are said to be inserting more competition in to an already energetic land market
The Department of Agriculture has announced the extension to 31 March 2025 due to "current market restraints and the limited supplies of suitable hedgerow and tree plants".
The ending of the amnesty on the 20% clawback rule for the sale of entitlements without lands in 2025 is set to fuel increased sales of entitlements in 2024.
Industry sources are predicting another busy year for entitlement sales, with the two-year amnesty on the 20% clawback rule for entitlements traded without lands finishing in 2024.