Agri-Shop Ltd
Farminguk
26 August 2016 | Online since 2003
Auto Trader Ltd


26 February 2014 05:52:57 |Finance,News,Property News

£10m Farming Flood Recovery Fund to open on Friday


Farmers whose businesses have been directly affected by flooding will be able access £10 million of government support from Friday, Farming Minister George Eustice announced.
The £10 million Farming Recovery Fund was announced by the Prime Minister on the 11 February as part of a comprehensive package of measures to help hard-working people in flood-hit areas following the wettest winter on record. It will open on Friday 28 Feb to provide assistance with four key areas of recovery, offering support with uninsured losses to get farms into production again.
· The restoration of productive grassland;
· The restoration of productive arable and horticultural land;
· Restoring farm vehicle access to fields;
· Improvements to agricultural drainage.
The money will be available for a one-off grant scheme designed to support farm businesses to restore flooded agricultural land and bring it back into production as quickly as possible
Under this new scheme, all farmers affected by the flooding will be able to apply for emergency funding of up to £5,000, covering up to 100% of their business costs. This will ensure that they can continue growing crops and grazing livestock.
The majority of the Farming Recovery Fund will be reserved for farm businesses whose farms remain flooded. Unlike the initial grant, the upper limit of this funding will be set when the impact on these longer term losses from flood damage are clearer, once the flood waters recede.
George Eustice, Farming Minster, said: "We want to help farmers affected by flooding and the severe weather to get their businesses back on track as soon as possible. The new £10 million Farming Recovery Fund has been set up to help farmers directly affected meet short term costs as the flood waters recede.
"Additionally, the £10 million Farming and Forestry Improvement Scheme will offer eligible farmers grants of up to £35,000 on schemes designed to make businesses more resilient."
Buckinghamshire-based specialist agricultural accountants The Fish Partnership is urging farmers who are suffering from water-logged fields to examine applying for a new government scheme.
Paul Laird, partner at High Wycombe-based The Fish Partnership, said: “This fund is good news for farmers who have seen prime grazing and growing land immersed by flood waters.
“Many farmers, particularly those in the Thames Valley, have had their livelihoods severely affected by the dramatic weather so any financial help is welcome.
“The government scheme will be open to all farm businesses that require support but will be targeted at those areas most affected by the flood crisis.
“I would urge any farmer to look into the details of this fund when they are announced and consider applying for a slice of the fund.”

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


Canada | 26 August 2016
Canadian beef exports to EU in limbo over E. coli dispute

If differences of opinion over food safety practices are not resolved, the big promises of a new European market for Canadian beef may be a pipe dream. The Comprehensive Economic and Trade Agreemen...


India | 26 August 2016
GM mustard clears hurdle in India but more remain

A government panel has cleared commercial use of what would be India's first genetically modified (GM) food crop, but politicians still have to give final approvals amid wide-spread public opposition....


USA | 26 August 2016
USDA buys $20 million in cheese from dairy farms

Moving to bolster dairy farmers who are struggling to cope with price declines, the Agriculture Department announced Tuesday it is spending $20 million - on 11 million pounds of cheese. A taxpayer ...


France | 26 August 2016
Lactalis talks with French milk producers end with no deal

A meeting between Europe's largest dairy group Lactalis and French milk producers requesting a rise in prices ended in a deadlock after 10 hours of negotiations, sources close to the talks said. ...


USA | 26 August 2016
California farmers turn to sewers for water

California's prolonged drought is forcing Central Valley farmers to scramble for water to irrigate crops. They have to be creative. One agency is even turning to a sewage plant to meet demand. Just...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

The British public are overwhelmingly in favour of keeping or strengthening...


FarmingUK
FarmingUK Logo

FarmingUK

The sustained recovery of pig prices since the spring has come at a time wh...


FarmingUK
FarmingUK Logo

FarmingUK

A World Trade Organisation (WTO) panel has declared the Russian import ban ...


FarmingUK
FarmingUK Logo

FarmingUK

A new study has linked oilseed rape crops grown from neonicotinoid-treated ...


FarmingUK
FarmingUK Logo

FarmingUK

Philip Hammond is to guarantee billions of pounds of UK government investme...


FarmingUK
FarmingUK Logo

FarmingUK

Access to the foreign labour market is 'critical', according the chief exec...


FarmingUK
FarmingUK Logo

FarmingUK

The Tenant Farmers Association has said the National Trust's vision for a p...


FarmingUK
FarmingUK Logo

FarmingUK

Ulster farmers will 'not lie down and wave the white flag' when Brexit nego...


FarmingUK
FarmingUK Logo

FarmingUK

The cost of rural crime to the UK economy costs £42.5 million a year, accor...


FarmingUK
FarmingUK Logo

FarmingUK

A young farmers club member from Oxfordshire has created a petition on the ...


closeicon
Username
Password