News
For over 38 years, Hugh Townsend has been the country's "go-to" commentator on farm quotas and intangible assets sold off-farm. Having become the country's leading and most innovative quota agent he was broadcast to 3.8 million listeners on Radio 4's PM programme, interviewed by Eddie Mayer on the 1st April 2015 – the “Dawning of Europe without Milk Quotas”, click here.In 2016, BBC1 interviewed Hugh Townsend on the future of farming following the Referendum, click here. In 2021 he published the first book of its type “the UK Environmental Credits User Guide” , and more recently in 2024 ITV filmed at one of our BNG Habitat Banks which was broadcast on Monday 3rd June (click here) To view the uncut footage of the interview click here
Hugh Townsend developed the most creative arrangements to promote an efficient market in farm quotas, in the early eighties, including leasing milk quota without land, before the Milk Marketing Board introduced leasing for a part of the milk year. He has represented clients in leading court and arbitration cases successfully defending transfers of milk quota, and developed the new system of second TQ1 forms protecting the transfer of quotas with land.
In 1991, Farmers Weekly published the first sale price index from Hugh Townsend, countrywide, and started to publish farm quota sales and leasing graphs, which can be seen on our Milk Quota & Entitlements pages. Prices for intangible assets are still published weekly from this UK leading Brokerage House.
On BBC television, he has defended dairy farmers who have been taken advantage of by unscrupulous individuals in the farm quota market, and was again on television to comment on the "footballers buy milk quota" rumpus.
In 1990, the firm held the first auction of sheep and beef quota making the market in these new intangible assets and is still the leading BPS entitlement broker in the UK regions following England abolishing their scheme in 2023.
The firm also now sells Biodiversity Net Gain and Nutrient Neutrality units, Woodland and Peatland Carbon, in addition to Water Abstraction Licenses, and holds National Sales by tender every six weeks.
Western Morning News – 14.01.15 – Young and New Farmers under BPS
Slowly but surely farmers are being invited to register on the new online rural payments service and for those farmers with a computer and email address the procedure should be reasonably straightforward, however many have experienced complications. The service is currently very limited, so those who have managed to register can, at the moment, do…
Read MoreWestern Morning News – 31.12.14 – CAP reforms in detail
The latest CAP update confirms that all farmers in England with at least 36 hectares of eligible land will qualify as an active farmer. We were already aware that farmers who received more than €5,000 (£3,886.50) in 2014 and who operate a ‘negative list’ activity which includes airports, railway services, waterworks, real estate services or…
Read MoreFarmers Guardian – 24.12.14 – Land prices upswing looks set to continue
After the manic rush as always leading up to Christmas, spurred on by Black Friday and Cyber Monday, thoughts traditionally now turn to looking back over the year and forward to 2015. Setting ones thoughts in the framework of agriculture which dramatically improved from 2008 onwards following a 16 year recession, and we are looking…
Read MoreWestern Morning News – 03.12.14 – Good news and bad as stewardship rules are changed
At last we now have some more detail in respect to the new Countryside Stewardship Scheme which is due to replace Environmental Stewardship, the English Woodland Grant Scheme (EWGS) and capital grants from the Catchment Sensitive Farming (CSF) programme from next year. The October CAP update brought some good news for Environmental Stewardship (ELS, HLS…
Read MoreWestern Morning News – 19.11.14 – Converting farm buildings to homes
Now eight months on following the implementation of the April 2014 amendments to the Town & County Planning (General Permitted Development) Order (GPDO), there have been a number of appeals in relation to Class MB, which considers the conversion of agricultural buildings to dwellinghouses as permitted development. Here we look at some recent appeal cases,…
Read MoreWestern Morning News – 05.11.14 – The Active Farmer Test – Confirmed
Finally the news many have been waiting in anticipation for has arrived, details of who will qualify as an ‘active farmer’ under the Basic Payment Scheme from 2015. Overall it appears that smaller farmers and smallholders, farming about 20 hectares and below (down to five hectares) will, in the main, be eligible. The first part…
Read MoreWestern Morning News – 22.10.14 – Sporting opportunities near Exeter
Some rare opportunities for sport on the edge of Exeter have come to the market with a beat on the lower River Exe which has some of the best salmon fishing in the region and some land adjoining the river with excellent wildfowl shooting. The 233 yards of single bank salmon and trout fishing on…
Read More21.10.14 – ENTITLEMENTS – END OF TRADING SUMMARY
ENTITLEMENT TRADING – 2015 FIRST WINDOW – MARKET SUMMARY – TRADING FORWARD BEFORE JANUARY 2015 This Tuesday saw the end of the first entitlement transfer window for the 2015 Scheme Year. The preceding period was a somewhat uncertain and frantic scramble for vendors looking to offload their surplus entitlements prior to the 21st October,…
Read More15.10.14 – ENTITLEMENT TRADING – 7 day countdown to close of first trading window
With only seven days to go until the end of the 2014 SPS entitlement transfer window, the market is furiously busy with last minute purchasers coming to the market. We are now seeing an influx of purchasers looking for large blocks of Non-SDA entitlements at the current market rates between £125 and £140 per…
Read More13.10.14 – ENTITLEMENT TRADING UPDATE – NON-SDA
OCTOBER ENTITLEMENT TRADING UPDATE – HOSTING & LEASING – PRE 21ST ENTITLEMENT TRANSFERS – HOW WILL CAPIS WORK? – 2015 DUAL USE UPDATE – AUTUMN RPA INSPECTIONS – MILK QUOTA – ACTIVE FARMER TEST ENTITLEMENT TRADING UPDATE – NON-SDA As we move closer to the 21st October transfer deadline, now only 11…
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