Newspaper article The Journal (Newcastle, England)

Welcome for Proposals to Reform Tenanted Sector

Newspaper article The Journal (Newcastle, England)

Welcome for Proposals to Reform Tenanted Sector

Article excerpt

Byline: By Anna Lognonne

Recommendations by the Tenancy Industry Reform Group have the potential to stimulate the tenanted farming sector, farming organisations said yesterday.

The group's blueprint for the future, which was unveiled yesterday, aims to strike a balance between the rights of landowners and the needs of tenants.

Among the recommendations made by TRIG are the establishment of a Code of Practice for agreements on diversification, the ability to expand existing tenancies and tax changes to encourage more lettings.

TRIG also wants to see government support schemes to help new entrants to farming.

NFU vice-president Michael Paske said: "We need a vibrant tenanted sector and this could be the shot in the arm it needs. These changes would help existing tenants and open up more opportunities for new entrants.

"The recommendations could provide tenants with the same opportunities as other farmers by increasing the flexibility of their businesses whilst protecting the landowner's ability to manage their asset." TFA chairman Reg Haydon said: "The report makes important recommendations about changing some of the legal and fiscal framework within which agricultural tenancies operate.

"It also considers wider issues such as the retirement of farm tenants, new entrants and the future for county council smallholding estates."

The TRIG report provides an industry consensus as to how the economic development of the tenanted sector can be promoted to meet government objectives, with recommendations to help tenant farmers diversify whilst acknowledging landlords' interests, and to give landlords confidence to offer more land to rent.

The report's key recommendations include:

1. Changes to the Agricultural Tenancies Act 1995 to give parties greater flexibility to reach their own agreements in relation to rent reviews and end of tenancy compensation.

2. Changes to the Agricultural Holdings Act 1986 to update the tests for statutory succession to farm tenancies in relation to approved diversification activities. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.