J.A. McClelland & Sons offer a professional form filling service completing client Single Farm Payment application, the company also conducts entitlement trading on an annual basis and completes the necessary forms. 

 

In order to transfer entitlements to another farmer, a TE1 form must be completed and submitted to the Department of Agriculture and Rural Affairs before 2^nd April each year.  Entitlements are currently sold by private treaty in pounds per hectare, splitting the lots to suit the purchasers when necessary. The transfers are usually processed by the Department of Agriculture within six weeks of submission.

 

During the trading windows farmers purchase entitlements either because they have bought or rented land without any entitlements, or because they want to undertake an investment that provides a high percentage return on capital.

 

Single Farm Payment Entitlements can be sold, leased or transferred through inheritance and can be either sold with or without land but only leased with land.  The majority of J.A. McClelland & Sons entitlement trading is sales without land. V.A.T. will be payable on Entitlements if the seller is V.A.T. registered.

 

Numerous sales by J.A. McClelland & Sons and interest to date indicate that Single Farm Payment trading is strong and set to continue. The Single Farm Payment scheme runs until 2012, and farmers are once again are realising the financial benefits of purchasing entitlements to claim against their naked land.