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fishergermanSummer2014Issue12FeelingtheheatTheroleofincentivesinrenewabletechnologyRunningonemptyTacklingunoccupiedcommercialpropertiesLookingaheadTheprospectsforfarminginatimeofuncertaintyFrackingexploringthefactsAsexplorationbeginsinearnestfndoutwhatlandownersneedtoknowwww.fishergerman.co.uk Britainsruraleconomyischanging.Fromnewsourcesoenergyandrevenuetochangingassetpricesandtransormationsingovernmentpolicythenextewyearscouldseeametamorphosisoourcountryside.PerhapsthemostcontroversialdevelopmentisthedrivetoharnessthepoweroshalegaswhichhasbeenrevolutionaryintheUS.Herehowevermineralrightsdiersignifcantlyalthoughlandownersandcommunitiesstillstandtogainprovidedtheycangettherightadvice.Thisholdstrueinmanyotheremergingandevolvingareasexpertisecanhelpdeliverprojectsrangingromsingledwellingsongreenfeldlandtomuchlargermulti-million-poundconstructions.Inthemoreestablishedareasoestatediversifcationandassetplanningincludingeverythingromwoodlandstocommercialpropertyaroundedteamoexperiencedspecialistscanaddvalueandcutcostsinalmostanyendeavour.AstheimpactouncertaintyovertheUKsutureinEuropeandchangingagriculturalandenergypolicyisincreasinglyeltsuchadvicewillonlybecomemoreimportant.Thosenotstayingabreastothechangingenvironmentriskbeingswallowedbythetidesochange.Howeverwiththerightsupportthereisalsoopportunitytoridethewavebringinglong-termbenefts.FisherGermansitsattheleadingedgeoallthesedevelopmentsandmoreandwestandreadytoaidourclientsinthisnewreality.TheFisherGermanMagazineisintendedtobeaninormativeguide.Itshouldnotbereliedonasgivingalltheadviceneededtomakedecisions.FisherGermanLLPhastriedtoensureaccuracyandcannotacceptliabilityoranyerrorsactoropinion.IyounolongerwishtoreceivetheFisherGermanmagazineoranyotherFisherGermanmarketingmaterialpleasecall08001075522oremailmarketingfshergerman.co.uk.WelcomeLandasanassetAsagriculturallandpricesgallopaheadootherassetsimplicationsorownersarevariedBuildingthefutureofeducationAteamocomplementaryspecialistshelpsinbuildingcuttingedgeeducationprojectsThefutureoffarmingThenextelectionwilllikelyshapetheutureotheruraleconomywithsignifcantconsequences121218202628FeelingtheheatTheRenewableHeatIncentiveRHIcanboosttake-uporenewableheattechnologiesTaxingwoodlandsArangeotaxreliesareavailableorwoodlandsbutsomelegislationcanbeunclearAndrewJacksonmanagingpartner2fishergermanmagazine Pleaseremovecoverbeorerecyclingthismagazine0406081014162224StephenRutledgeGrowinguponaarmorStephenruralsurveyingwastheonlysensiblechoiceSectordirectoryContactdetailsorFisherGermans15nationalofces3134Exceptionaleco-homesWiththerightassistancestunningnewhomescanbebuiltongreenfeldlandRunningonemptyEmptypropertiesarecostinglandlordsdearlyalthoughtherearewaystotackletheproblemNewsviewsAgri-actsAgencyactsEdnastonEstatetheHenrySaleGraduateBursarytheForestWayopensFrackingexploringthefactsLandownersneedtobeawareotherackingexplorationprocessanditsimplicationsPlanningaheadLandownersneedtopreparethemselvesornewcomplexityinthefnancialmixAbalancedestateAbalancedestateandopennesstodiversifcationarethesecretstothelongevityoBarnstonGettingthebestdealDealingdirectorusingasolicitorisaalseeconomysurveyorscanbothaddvalueandcutcostsTheT-pylontakesoffThenewT-pylonwillbeoeredbyNationalGridasanalternativetothesteellatticepylonsfishergermanmagazine3 newsviewsAgencyfacts26morerespondentsreportingincreasingsalesvolumesinQ12014comparedtothesameperiodayearearlier.Growthindemandisbeingsupportedbymoreavourablecreditconditionsthathaveincreasedthesupplyomortgagefnancebeneftingallbuyertypes.Thelatestproperty-relatedstatisticalinfoandmarketfactsfromFisherGermanFormoreinformationpleasecontactFisherGermansAshby-de-la-Zouchofceon01530412821orashbyfshergerman.co.ukTheEdnastonEstatealsoboastshistoricalpedigree.TheEstatewithitstwofarmhousesandnumerouscottageshasbeenhometogenerationsofthePlayerfamilywhoestablishedtheworldfamousJohnPlayerSonsin1877inNottingham.TheEstateisbeingsoldbyaFamilyTrust.Planningpermissionallowsforareplacementdwellingtocreateasubstantialprincipalestatehouse.Thetwobeautifullysituatedfarmhousesboastfneviewsandexcellentrangesoftraditionaloutbuildings.Therearealsosixcottageswithvacantpossessionavailableandanadditionalfarmhousesubjecttotenancy.CaptivatingwaterfeaturesrunthroughtheEstatesproductivearablelandandpastureincludinghistoriclakeshatcheriesandlengthybrookswithweirsofferingoutstandingtroutfshing.Maturemixedwoodlandandgamecoverincludesahighqualitycommercialshoot.Totallingabout645acrestheEstateisforsalebyprivatetreatyasawholeorinvariouslots.TheEdnastonEstateAnenchantingcountryestateinruralDerbyshireEdnastonoffersararelyseenrangeofresidentialfarmingandsportingassets.Arareopportunitygrowthinaveragearmlandvaluesoverthelast10years.increaseinsalesagreedintheperiodprimarilyduetopersistentlowinterestratesandmoreadvantageouscreditconditions.newhomeswerebuiltinEnglandin201338below2007.1095001119increaseintheaveragevalueoallarmlandintheUKin2013to6975peracreandprimearablelandincreasedtoanaverageoabout8200peracre.Therearehoweverlargeregionalvariationsandmarkeddierencespertransactionbasedonlandtypequalityandlocation.2404fishergermanmagazine TheHenrySaleGraduateBursaryLaunchotheNationalForestWayAgrifactsTheinauguralHenrySaleGraduateBursaryforthe201314academicyearhasbeenawardedtoTomVacherwhoisstudyingattheRoyalAgriculturalUniversity.TheBursarynamedinmemoryofoneofFisherGermansjointmanagingpartnersHenrySalewhosadlypassedawaylastyearisawardedannuallytoastudentstudyingarurallyfocusedRICS-recogniseddegreeorcourse.TomwaspresentedwithhisbursarybyAndrewJacksonforbestdescribingthestepshehastakentowardsbecomingacharteredsurveyorandhispassionforthecareer.Atwo-weekworkplacementwithFisherGermanisalsoofferedalongsidethe1000cheque.Thebursarywillbeawardedannually.ThosewishingtoapplyfortheHenrySaleGraduateBursaryshouldvisitthewebsiteatwww.fshergerman.co.ukcareersThelatestfarming-relatedstatisticalinfoandmarketfactsfromFisherGermanRegisterormonthlyagri-actsbulletinsattinyurl.comagriactsTheNationalForestWaywaslaunchedon17MayatthebeginningofTheNationalForestWalkingFestival2014.AssponsorFisherGermanplayedanimportantroleinrealisingthisuniqueamenityasexplainedinissue10andthefrmisextremelyproudtoseetheForestWayopeningtothepublic.AftertakingonsectionsoftheForestWayaround100guestsarrivedbackfortheinformallaunchpartyatConkersWatersidenearAshby-de-la-Zouch.ThepartysawFisherGermanstaffkeymembersoftheNationalForestCompanyandotherpartnerssuchasCountyCouncilsMPsanddedicatedchampionsofthewalkcelebratewithafewshortspeechesandcuttingofacelebrationcake.ThelaunchwasachancetocelebrateajobwelldoneAndrewBridgeFisherGermanpartnerattheeventwillseetheendosupportundertheRenewablesObligationROorsolardevelopmentsover5MWunderplansproposedbytheDepartmentorEnergyandClimateChangeDECC.DECCisalsoproposingtooergraceperiodsorsolararmswhichwerealreadyinthepipelineandqualifedonorbeore13May2014whichwillallowsomeprojectstoaccesstheROater1April2015.hasbeenagreedbytheEU.HoweverDEFRAhadyettoagreethefnalregulationstobeimposedonUKarmsattimeopresslandownersshouldstayappraisedodevelopments.increaseinUKyieldsonlastyearwitha4aboveaverageyieldpredictedacrosstheEU.ThisnewshasbeencompoundedbythebelowincreaseinlargeUKmaizeimportsonthistimelastyear.ThepredictedbumperEUharvestandweatherissuesintheUSpointtowardstheEUbecomingtheworldstopwheatexporterorthefrsttime.1April2015CAPreform1150fishergermanmagazine5 ExplorationforshalegashasbeenmetwithapprehensionbutsotoohasthethreattosomeEuropeangassuppliescausedbytheunrestinUkraine.CouldunconventionalgasoffertheUKanunexpecteddegreeofenergysecurityandprovidebenetsfortheeconomyasawholeFrackingexploringthefacts6fishergermanmagazine recompensed.UnderthePetroleumAct1998thegasbelongstotheCrownbutthatshouldntstopasitebeingausefulsourceofincomeforthelandowner.ThedrillingprocesscancreatenoiseissuesandlargenumbersofHGVmovementsbutonceextractionisunderwaymostsiteshavelowimpactontheneighbourhood.Thesitewillbeusedtodrillverticalboreholesdowntotheshalebedswhichmaybeupto3kmdeepandhorizontalboresforadistanceofupto3kmfromthemainwell.NewlegislationconfrmedintheQueensSpeechon4Junemeanssuchhorizontalboretechniqueswillnolongerbeclassedastrespassingunderneighbouringlandownersachangebroughtintotryandspeedupthedevelopmentoftheindustry.WithonshoregasextractionbeinglargelyunknownintheUKitiscriticaltoseekadvicefromsomeonewithexperienceunderlinesTim.Wearegivenaccesstodevelopmentssocanofferafairandrealisticperspective.Ourlonghistoryofworkingforlandownersandourexperiencewithenergyfrmsandutilitiesprovidersmeanswecanbeanhonestbrokerandofferimpartialinformedadvice.Extractionisstillalongwayawayandtheinitialinvestigativestagesarejustbeginning.ItmustbenotedthatnogashasyetbeenproducedfromhydraulicfracturingfrackingasitiscolloquiallyknownintheUKnorhaveanyreservesbeenproven.ExplorationforoilandgasisonlypermittedbythegrantoflicencesfromDECCDepartmentofEnergyandClimateChangeandanewroundoftheseisexpectedthissummer.ThesearetobeofferedoverthemajorityofEnglandmuchwiderthanpreviouslyandawayfromthecurrentexplorationheartlandsofLancashireNorthNottinghamshireandNorth-westLincolnshireandthesoutherncountiesofSurreySussexandHampshire.Theprocesshasalonglead-intimewhichcanbeuptoadecadebutlandownersarealreadybeingapproachedbyenergyfrmsinterestedinfndingoutwhatliesbeneaththeirproperty.Permissionsfor3DseismicsurveysarecurrentlybeingsoughtinseveralareasincludingNottinghamshire.Thisusuallyinvolvesrequestsforaccesswhichalandownercanchoosetograntornot.Whilstthelicencesdotechnicallygivecompulsorypowerstoaccesssurfacesitesthecompaniesthatholdthemtheybeenveryreluctanttousethesepowersanditishardtoseethatdoingsowouldbenefttheminthelongrun.TheinitialinvestigationofshalegasreservesislowkeyandnotintrusiveordisruptivesaysWilliamGagiepartneratFisherGerman.Thenon-permanentnatureofexplorationmeanstherehasgenerallybeenfewproblemssaysTimShuldhampartneratFisherGermanwhoseownhomeiswithinasurveyarea.InNorthNottinghamshirethesurveyprocesshasbeenveryrelaxedalthoughsomelandownersclosetovillageshavebeenmorecautiousgauginglocalreactionsbeforegoingaheadwithanyexplorationagreementheadds.Howeverparishcouncilshavebeenrealisticsosurveyshavebeenprogressing.Minimallong-termdisturbanceandfairaccesspaymentsmeanthatfarmersandotherlandownersmightbeunderstandablyinterestedifapproached.FisherGemansclientAlanBellamypositivelywelcomedthesurveyorsandwoulddothesameforanexploratoryorpermanentwellsite.Short-termissuespotentialdamagetocropsdrainageandheavymachinerymakestakingprofessionaladviceprudentWilliamcautions.DllgdeepThesecondstageseesseismicresultsanalysedtoidentifypotentialsitesfordrillingtheinvestigationwells.Whilstgeologyiskeyotherfactorssuchasproximitytoresidentialdwellingsroadaccessandvisualimpactmeanthatalicenceareamaycontainonlyafewsuitablesites.Asuccessfulexplorationsitecoulddevelopintoanextractionsitewhichcouldbeusedforupto25years.Thisisalong-termcommitmentandshouldbeenteredintowithcarefulthoughtsaysWilliam.ItisessentialtherighttermsareagreedtomakesurelandownersareproperlyFormoreinformationcontactWilliamGagieon01530410859orwilliam.gagiefshergerman.co.ukFindingthetruthaboutrackingAsexplorationorunconventionalgaswhichhascometomeanallgasnotproducedromtheNorthSeamovesorwardintheUKsomehavechosentoprotest.TimShuldhamstressesthatconcernsoveranunamiliarindustryarebothunderstandableandappropriate.ButhesaysthatmanyothescarestoriesareexaggeratedandtheperceivedproblemsmagniedastheurorecrossedoverromtheUS.Researchandinvestigationwillhelpanyonewhoisinterestedclariytherealsituationheadds.ProtestshavereceivedmuchmediacoveragealthoughtheBalcombeprotestslastsummerwerecarriedoutatasitethatwasneitherrackingnorextractinggas.MosthavebeenamixtureolocalconcernovernoiseandlorrymovementsonruralroadsandlargerenvironmentalgroupswithextremelyeectivePRmachines.UptonowtheoilandgascompanieshavebeencompletelyoutplayedinthePRbattleandonlytimewilltellwhethertheinfuxolargerglobalplayersCentricaGDFwhohaveboughtlicencesromsmallerexplorationcompaniesinordertoentertheindustrywillchangethissituation.WilliamGagiepointsoutthatthereisalreadyaverystrictregulatoryregimeinplaceintheUKarmoresothanintheUS.TheindustrywillbesubjecttoextensivechecksandregulationbyDECCtheEnvironmentAgencytheHealthandSaetyExecutiveandthroughtheplanningprocesswhereitisregulatedbymineralsplanningauthorities.Indeeddespiteworriesaboutearthquakestremorsmustnotexceed0.25ontheRichterscaleunnoticeabletoanyonewithoutsensitiveseismicequipment.TherecenttremorsinOakhammeasured3.5onthesamescaleandcausednodamage.Overthelongtermrackingislikelytobearlessdisruptivethancoalminingactivityisonamuchsmallerscaleandmoredistributedandriskslikesubsidencearenotrelevant.Italsooersthepotentialorupto75000newmostlyskilledjobsarecentreportclaimed.TheinitialinvestigationofshalegasreservesislowkeyandnotintrusiveordisruptiveFrACKinGishergermanmagazine7 GettingthebestdealAsruralenterprisesrushtodiversifyearningstakingoutthemiddlemanthesurveyorcanappeartobeagoodoption.Howeverdealingdirectorusingasolicitorisafalseeconomysurveyorscanbothaddvalueandcutcosts.HowasurveyorcanhelpNegotiatingrentCharteredsurveyorsspecialiseinrentnegotiations.Theywillhavecomparableevidenceandbeawareoincentivesandtrendswithinthemarketplacetoensuretheadvicetheyprovidesecuresyouthebestpossibleterms.FullrepairingandinsuringFRIMoststandardleasesuseFRIleaseterms.Charteredsurveyorsunderstandtheliabilitytothelandlordosuchtermsandtogetherwiththetechnicalknowledgeobuildingstheywillbeabletoidentiyopportunitiestoreduceexposuretosignicantrepairandmaintenancecostsoncethetenanttakesoccupationoronterminationothelease.LeasestructureCharteredsurveyorsknowthecurrenttrendsinthemarketandcanmanageexpectationsonlengtholeaseandleasefexibilityrentreviewspenaltyclausesandoptionstoextend.Thisknowledgewillallowthesurveyortoagreethemostappropriatestructuretoensuresecurityorthelandlordandmeettheneedsothebusinesstenant.8fishergermanmagazine rolEoFTHEsUrvEyorForfurtherinformationpleasecontactWilliamLewison01244409671orwilliam.lewisfshergerman.co.ukWhereasurveyorcanhelpLandownersarestronglyadvisedtoseekprofessionaladviceforPhonemastsandrenewableenergyprojectsInvolveagoodsurveyorfromthestart.Alandownerleavingittoolatemayhavealreadysigneduptoanoptionthatisbelowthemarketrateandistoolatetowithdrawfrom.Asurveyorcancreatethecompetitiveedgeandimprovethedeal.LandtransactionsWhileshakinghandsonatransactionoverthegateseemsquitepleasantandeasy.Marketknowledgeisessentialtoensurethebestvalueisagreed.RentsThereisalwayspressuretoresistrentincreasesandthisyearisnodifferent.Anexperiencedsurveyorcanhelpmakeacompellingcaseandavoidpitfalls.Itisalwaystemptingtotrytocutcostsbytakingkeyestatemanagementtasksin-handrentnegotiationsleasingofconvertedfarmbuildingsphonemastagreementsforexample.Simplyhandingoverthejobtoasolicitoratanearlystagecanalsoseemanattractiveoption.Bothapproachesarelikelytocreatemoreproblemsthantheysolve.TheDIYapproachrisksfailuretogetthebestdealthelegalrouteoftenbringshighandunnecessarycostsfromtheoutset.WilliamLewisofFisherGermansaysthatinthesecircumstancestherstquestionthelandownershouldaskisDoIrequireasurveyororalawyerAsasurveyorWilliamsaysheseestoomanylandownersquicklyagreeandsigntotermsforatelephonemastlandtransactionrenewableenergyprojectorthelettingoftheirconvertedfarmbuildings.Bythetimethishasbeenpassedtoasolicitortopreparethenecessaryleaseitistoolatetoimprovethedealforthelandowner.Thisiswherethehelpofasurveyorcanpaydividends.EmployingtheservicesofacharteredsurveyortoworkforthelandownerinnegotiatingheadsoftermsHOTswillatbestsecuremoremoneyforthelandowneroratworstsavesomelegalcostsWilliamsaysbothnowandinthefuture.ThepudentptinSurveyorsbroadexperienceofcomplexnegotiationstechnicalknowledgeandprofessionalexpertisecanbeinvaluable.Closefamiliaritymeansthattheyunderstandspecicrequirementsthemarketplaceandhowbesttoaddvaluetoabusinessorasset.Negotiatingleasetermsisakeypartoftheirday-to-dayroleasopposedtomanylandlordsoroccupiersforwhomthisprocessistime-consumingdistractingandchallenging.Eventhosewiththeinclinationtotakeonsuchresponsibilitiesoftenlackthetime.IwouldadviselandandpropertyownerstoavoidthetemptationofdoingtheirowndealsnotwithoutseekingprofessionaladvicerstWilliamsays.Whileanindividuallandownermightdotheoccasionaldealanexperiencedsurveyorwillhavebeeninthesesituationsmanytimesandwillhavemuchbroaderexperience.Forexampleafarmerorlandownerwhohasconvertedfarmbuildingssuitableforbusinessusemightnegotiatethebasictermssuchasrentanddurationoflease.Theirsolicitorthenhastonegotiatetherestofthetermsofthelease.AsasurveyorIcannegotiatethetermsrightatthestartsothattheyareinthebestinterestsofthefarmerorlandownerandensureIammaximisingincomeandcapitalreturnswhilstconsideringotherimplicationstotheclientsuchastaxliabilityandsoon.Ihaveadatabaseofcomparablestoensuretherightdealisbeingagreedupfront.YouoftenseethosegoingtheDIYroutedisplayasignattheendoftheroadwhichsuggeststheyarethinkingonlyoftheverybasicssuchaspricepersquarefoot.Ruralsurveyorsletmanybuildingsandknowthemarketrateiscurrentlyaround10persqftforgoodruralofceaccommodationaroundChester.UnfortunatelyIamawareofdealsforcloserto5persqft.Knowingthatthepropertyownerisnotbeingfairtothemselvesbylookingforabelowmarketrateisfrustratingformeparticularyintimesofeconomicdifculty.Furtherweareabletoadvertisethepropertyfullyonthemostimportantinternetportalsreachingamuchwideraudiencethatthesimplesignontheendoftheroad.Asurveyorwillalsoifnecessarygetinvolvedindecisionmakingaboutthetypeoftenantthatmightbetakenonandcanalsotakeaviewonwhethertolookatshort-orlong-termleases.Theycancheckthebusinessandnancialbackgroundofpotentialtenantsandcheckoutreferences.Itisunlikelythatanindividualfarmerorlandownerwillhavethetimetomakethesechecksandtheycanalsosometimesbetooclosetotheproject.Animpartialprofessionalhelpingtosecuretherighttenantinthepropertyfortherightreasonsandensuringallthecorrectpaperworkisinplacecanbeinvaluableespeciallyifsomethinggoeswrongoradisputearises.Iwouldadviselandandpropertyownerstoavoidthetemptationofdoingtheirowndealsfishergermanmagazine9 Althoughnecessarytodistributepoweracrossthecountrysidetheexistingtowersrstdevelopedinthe1920shavedrawncriticismfortheirappearanceandbulk.NationalGridinpartnershipwiththeDepartmentofEnergyClimateChangeandtheRoyalInstituteofBritishArchitectslaunchedaninternationalcompetitionin2011tocreateanewdesign.Theywereinundatedwithentriesfromarchitectsanddesignerswhorecognisedthatinadditiontoa5000prizethewinnersdesignmightendureformorethanacentury.ThehundredsofentrieswerewhittleddowntoashortlistofsiximagesofwhichwereputonpublicdisplayinLondonsVictoriaAlbertMuseum.AjudgingpanelofexpertswasunanimousinndingawinneraT-shapeddesignbyDanishcompanyBystrupwhichissmallerandathirdlowerthanexistingtowers.EarlierthisyearastructurethatcouldbecomeafamiliarfeatureoftheBritishladscapewaserectedforthersttime.TheewT-pylowillbeofferedbynatioalGridasaalterativetothetallsteellatticestructuresthatcarryhighvoltageelectricitycables.400000vcarriedbyoverheadwiresT-pylonThetakesoffTheewT-pylosastheymightappearwheiwidespreaduseNATIONALGRIDGETTYIMAGES10fishergermanmagazine powErTowErsT-pylonmayberolledoutforthersttimefortheHinckleyPointConnectionlinkingAvonmouthwithBridgwaterinSomerset.TheywontbetherstintheUKthoughthefoundationsforsixtrainingtowerswillbelaidinNottinghamshirethisyearwitherectionoftheT-pyloncommencinginFebruary2015seeTisforTrainingabove.IntheT-pylonwehaveadesignthathasthepotentialtobearealimprovementonthesteellatticetowersaidNickWinserexecutivedirectorofNationalGridwhenannouncingthewinner.Itsshorterandthesimplicityofthedesignmeansitwouldtintothelandscapemoreeasily.Inadditionthedesignoftheelectricalcomponentsisgenuinelyinnovativeandexciting.standingmallUnlikelatticetowerstheT-pylonisdesignedasasinglepostamonopolewhichmeansthatthefootprintofthebasewillbeconsiderablysmallerthanthefourfeetusedtosupportexistinglatticestructures.Paintnishesarebeingexaminedandthenalnishwillprobablybeinshadesofgrey.Thoseexpectingtoseeexistinglatticetowersrapidlydisappearfromthelandscapewillbedisappointedhoweverasthenewstructureswillinitiallyonlybeavailableasanoptiononnewgridconnections.LastsummerNationalGridannouncedthattheForfurtherinformationcontactRobertHurston01636642504orrobert.hurstfshergerman.co.ukTisorTrainingBeorethenew-designT-pylonsgointomainstreamuseengineerswillneedtopracticemaintenance.Inearly2012NationalGridbegantohuntorasitetoerectsomesamplepylons.FisherGermansexistingrelationshipwithNationalGridsawtheutilitiesteamworkwiththoseintheruralsectortosuggestanidealsolution.ItturnedoutthatthelandNationalGridneededwasrightonitsdoorstep.WesuggestedaclientsparcelolandnexttotheexistingNationalGridoverheadtrainingacilityexplainsRobertHurstpartneratFisherGermansNewarkoce.NationalGridhadconsideredanumberositeselsewhereacrosstheUKtheyoriginallyenvisagedtemporaryuselinkedtophysicallydemonstratingthenewstructurestolocalauthoritiesinareal-liesetting.Whenitbecameclearthatapermanentsitewasmoredesirabletheinitialsuggestionoave-yearleasewaschangedinavouroareeholdpurchaseo60acresoarmlandnexttotheAcademysiteatEakringNottinghamshirethatNationalGridhasoccupiedsince1992.FisherGermanactedorthevendorandRobertsaysthatagoodunderstandingothepurchasersrequirementsenabledthetransactiontogoaheadsmoothly.Planningconsentorthenewpylonswasgrantedonthelandattheedgeothevillagelastyear.NationalGridwasverythoroughinitspublicconsultationandwenttogreatlengthstoexplaintolocalpeopleexactlywhatwasplannedandhowtheT-pylonswouldhaveminimalimpactonthesurroundingareasaysRobert.NationalGridexpectssixtowerstobecompletedatEakringbeoretheendotheyearallowingengineerstogetrst-handexperienceothepylonsotheuture.1928rstlatticepyloninUKinEdinburgh88000pylonsinUKDrillorvictoryTheNationalGridoverheadtrainingcentreatEakringwhichwillbehometotherstT-pylonsintheUKhasarichanduntilnowrelativelyunknownhistoryopioneeringspiritandendeavourintheenergysector.ThesiteplayedavitalroleinuellingBritishorcesduringWWII.TheUKsrstcommercialoilwellstartedproductionatEakringin1939thecountrysrstcommercialoileldthereproducedaround2.3millionbarrelsohighgradeoilaqualitysuperiortoNorthSeaorimportedMiddleEasternoil.By1964beoretherstNorthSeaoilwellhadbeensunkEakringhadyieldedover47millionbarrels.TheareasinfuenceextendedarbeyondtheboundariesotheoilelditselasoilengineersandotherenergyspecialistswhowentontoworkacrosstheglobegainedtheirexpertiseatEakring.TherstNorthSeaoilandgasdiscoveriesweremadebyteamswhocameromEakring.ManyothedrillingtechniquesstillinusetodayweredevelopedthereincludingtheworldsrstjetpowereddrillconceivedbyWWIIpilotSirFrankWhittlewhoamouslyinventedtheturbojetengine.BeoreeventualownerBPsoldtheormeroileldatEakringitdonatedaparcelolandtotheNottinghamshireWildlieTrustwhichhascombinedanaturetrailwithamuseumdedicatedtothesitesoilheritage.Formoreinormationpleasevisitwww.dukeswoodoilmuseum.co.ukLatticepylonheightT-pylonheight30t50m35mstandardheightsuspensionT-pylonweightLatticepylonweight43tishergermanmagazine11 LiketheFiTtheRHIiscurrentlyofferinganattractivepaymentforrenewableenergygeneration.Heatingsystemsusingrenewabletechnologiescanoffertheirownersfreeheatingandinsomeinstancesalsoprovideanopportunitytochargelocalusersfortheheatconsumed.ThearrayofRHIeligibleheatingtechnologiesisdiversefromsmallerscalebiomassboilersystemsatoneendofthespectrumtolarge-scalemulti-megawattanaerobicdigestersattheother.RebeccaSeamanalocalpartnerspecialisinginrenewableheatsaysinmostinstancesnon-domesticRHIinstallationgeneratesreturnsinexcessof10.Howevercarefulcontemplationoftheprosandconsisneeded.Forrenewableheatinstallationskeyconsiderationsincludetheuseandconstructionofthepropertiestobeheatedthecurrentheatingsystemandthelevelofinvestmentnecessary.Forbiomassoptionsotherquestionsincludetheavailabilityoflabouron-sitetofeedtheboilerandthespaceavailabletostorefuel.Forexamplelogsystemsaregenerallycheapertoinstallandfuelbutarelabourintensive.Woodpelletsystemstakeuplessspaceanddontrequireconstantvigilancebutcostmoretoinstallandtofuel.TheheatrequirementsofapropertyandthetimesheatisneededalsoaffectthedecisionRebeccasaysasdoestheavailabilityofspacetosituateaboiler.Thecostofrunningpre-insulatedpipeworkisaround200ametreincludingtrenchingsothiscanoftenbeoneofthemostexpensiveelementsofadistrictheatingsystem.HeatgupTheuniquecharacteristicsofdifferentrenewableheattechnologiesmakethemmoreattractiveforcertainusesandagricultureiswellplacedtoexploittheopportunitiesavailable.BiomassheatingisanexcellentoptionforpoultryfarmerswhouseliqueedpetroleumgasLPGatthemoment.NotonlyarethefuelcostslowerbutbiomassboilersgenerateadryheatunlikeLPGwhichhasahighmoisturecontentthusrequiringlessventilation.TheintroductionoftheFiThasalsoencouragedsubstantialgrowthinon-farmandfoodwasteAnaerobicDigestionplantsTheFeed-TaffFTschemewatoduced2010aaacalducemettoecouagevetmeteewableelectctytechologe.nowthereewableHeaticetverHischemeoffeamlaaagemettoboottake-upofeewableheattechologe.ADfactsBiogashasbeenusedintheUKsince1895whengasromsewagewasusedinstreetlampsinExeter.Biomassincludesanythingthatisplant-derivedincludingmunicipalsolidwastemanurecropresiduescompostoodwasteandpaper.CropscanbegrownspecifcallyoruseinADthoughtheyhavetomeetgovernmentcarbonefciencycriteria.TheUKproducesover100milliontonnesoorganicmaterialsuitableortreatmentbyAD.FivebiomethanetogridBtGplantsareinoperationwithnineindevelopmentOnetonneoffoodwastecangenerateabout300kWhoenergy.65farm-basedenergycropplantsareoperatingintheUKwith42MWocapacityandmorethan200areindevelopment.IfalltheUKsdomesticfoodwastewasprocessedbyADitwouldgenerateenoughelectricityor350000households.ThemethaneproducedduringADisburnedasuelandreleasesCO2intotheatmosphere.Becauseitcomesrombiomassthisdoesnotcontributetoclimatechange.Ithesamewastewaslettodegradeinalandfllsitethemethanewhichhasaglobalwarmingpotential23timeslargerthanthatoCO2couldescapeintotheatmosphere.FeelingtheheatBimassheatingisanexcellentptinfrpultryfarmersAGRIPHoTo12fishergermanmagazine ADwherepreviouslytheyweremainlyusedatsewagetreatmentplants.TheRHIschemecomplementsthisinvestmentinADtechnologybysupportingtheheatgeneratedbybiogascombustionboilersandtheinjectionofbiomethaneintothegrid.Witheffectfrom28May2014Ofgemannouncedfurtherwideningofsupportforrenewableheattechnologiesincludingtheintroductionofsupportforlargebiogascombustionboilersover200kWth.TheattractiveRHIratesforbiomethaneinjectionandbiogascombustionhasmeantthatthereisincreasinginterestinusingtheheatfromanADplantorupgradingbiogastobiomethanesaysDavidKinnersleyADexpertatFisherGerman.AnADplantusesaround40ofthebiogasenergypotentialtogenerateelectricity.Howevertheremainderoftheenergyislostasheatintheengineandexhaustgases.ThereforeiftheheatfromanADplantcanbeusedforheatinggreenhousesdryingwoodchipheatingrEnEwABlEHEATinCEnTivEForfurtherinformationabouttheRHIandRenewableHeattechnologiescontactRebeccaSeamanon01858411219orrebecca.seamanfshergerman.co.ukorformoreinformationonanaerobicdigestionandbiomethaneinjectioncontactDavidKinnersleyon01905459427ordavid.kinnersleyfshergerman.co.ukpoultrybuildingsorheatingcommercialanddomesticpropertiesitmakesenvironmentalandeconomicsense.TheRHIforusingthisheathelpstosupporttheextrainvestmentrequiredtoutiliseiteffectively.WherebiogasfromADisupgradedtobiomethanethisisalsosupportedundertheRHI.BiomethaneinjectedintothegridisusedinhouseholdsandbusinessesasandwhenrequiredinthesamewaythatnaturalgasisDavidsays.WithADthebiogascanbeconvertedtobiomethaneandsoldintothenationalgridtogenerateahealthyreturnandRHIcurrently7.5pperkWthfortheRHI.UpgradingbiogastobiomethaneforgridinjectioniscurrentlyonlyeconomicallyviableforlargerADplantsbecauseoftheinfrastructureandoperationalcosts.Howeverinnovationsinthesectorsuchasonsitecompressionandtransportationtocentralstorageandinjectionsiteshavethepotentialtowidenthescopeofbiomethaneproduction.FisherGermanisworkingwithanumberofclientsonassessingtheoptionsandsitesforbiomethaneproductionacrosstheUK.Casestudy22returnorarmhouseownerJoRobinsonwantedtoreducethehetycostsinvolvedinheatinghisarmhouseswimmingpoolandbarnbyoilandelectricityaswellasgeneratinganincomethroughsellingheattothetenantso13otherpropertiesonhislandnearBrackleyNorthamptonshire.RebeccaSeamanromFisherGermanhelpedJofndthebestwaytoattainhisgoalsassesstheeasibilityovariousrenewableenergyoptionsandhandlethenittygrittysuchasRHIaccreditation.JoandItalkedthroughhiscurrentheatingsystemandconsideredtherenewablesoptionsavailablesaysFisherGermansRebeccaSeaman.InconsiderationothelayoutothesiteandtheuseandconstructionothebuildingsIrecommendedabiomassheatingsystem.WecompletedaduediligencereportwhichincludedcommentaryontheexistingsystemheatingandhotwaterrequirementslocationoboilerhouseanduelstoreuelrequirementfnancialanalysisRHIcriteriaandeligibilityrequirements.OnceinstalledwepreparedJosRHIapplicationandobtainedRHIaccreditationorthesystem.Joscost-eectiverenewablesolution160kWwoodchipboilerTheboilerhouseanduelstorearelocatedwithinaconvertedDutchbarnCapitalcost160000RHIpayments18000perannumHeatsales5800perannumFuel7500perannumIRRo22TheoodsuppyesutatoodchpsadbomassboestaedatJorobsosestatenearBackeyTugastetoeegysoaeatyishergermanmagazine13 TherearemanyvalidreasonsforpeopletowanttobuildahomeonlandtheyownorhaveintrustsaysAngelaCornellassociateplanneratFisherGerman.Perhapsafamilywhohaslivedinthesameareaforgenerationsneedsextraspacetoaccommodatenewfamilymembersseecasestudy.Orthosewhohaveworkedinthecountrysidewishtolivethereaswell.Perhapsanindividualhasinheritedaparceloflandandwishestobuildthehomeoftheirdreams.Unfortunatelysuchconsiderationsareunlikelytoswaylocalauthoritieswhichhaveastatutorydutytoprotecttheruralenvironment.Yetobstaclesintheplanningprocesscanusuallybeovercomewithamodicumofdeterminationandagooddealofspecialistadvice.Theboundariesoftownsandvillagesarequiterigidlysetoutandgenerallygovernmentpolicydiscouragesbuildingnewhomesoutsideoftheseareas.Neverthelessitisperfectlypossibletodosoaslongasthelocalauthorityagreesthatkeycriteriahavebeenmetseepanel.PreviouslywehadtoshowthataproposedhomemetbothofthekeycriteriaexplainsAngela.Butthegovernmentamendednationalplanningpolicytwoyearsagoandsincethenwehaveonlyneededtoproveonethoughitisoftenthecasethatabuildingwilldemonstratebothfeaturesinanycase.interpretatonHowevertherearenonationalstandardstodenewhatconstitutesexceptionaldesignandecologicalinnovation.Planninginspectorsforthelocalauthoritieswhoarechargedwithdecidingonwhetherornottopermitaproposeddevelopmentconsidereachapplicationonitsownmeritsoitisveryimportanttounderstandhowanindividualplanningdepartmentworksandthefactorslikelytobesignicantwithinthelocalityoftheproposedhome.ThereisnobasicprescriptionforwhatisrequiredconrmsAngela.Ecologicalinnovationcanbetrickyasalocalauthoritymaysaytheyhaveseenacertainfeaturebefore.Ifsotheywilldemandabetterexampleeachtimewhichcanmakethingsharder.FortunatelynotalllocalauthoritiesarelikethisbutthedecisionmakingvariesconsiderablyacrossdifferentpartsoftheUK.SpecialistcompanieslikeLeicestershire-basedHomeRevolutioncanprovidetheexpertisethatcreatesexceptionalbuildings.Theystartwithaconceptwhichisthenrenedtoaspecicdesign.HomeRevolutionsmanagingdirectorRobinHamiltonsaysthatalthoughtheendproductisabuildingthermtakesawholesitedevelopmentapproach.ThisholisticviewmeansnotjustthinkingGettingthegreenfeldgreenlightTogetpermissionoutsideofexistingsettlementspropertiesmustdemonstrateexceptionaldesignandbuildqualitiesecologicalinnovationBuldngadreampropertynthecountrysdecanbedauntng.ButwththerghtassstancetheUKsstrctplannnglegslatoncanbeovercomeallowngtheconstructonofstunnngnewhomesongreeneldland.eco-homesExceptionalEcologicalinnovationcanbetrickyasalocalauthoritymaysaytheyhaveseenafeaturebefore14ishergermanmagazine aboutthebuildingitselfbutaboutbio-diversityandthesurroundinglandscape.AethetcengageentTheimpactadevelopmentwillhaveonthenearbyareaislocalauthoritiesmainconcernsodesignerslikeRobinpayalotofattentiontoproducingaccurateimagesoftheproposedbuilding.Computer-generatedimagesofthebuildingitselfareaugmentedbyaphotomontageshowingthenewbuildingtoscalesetwithintheexistinglandscape.ThesemontagesnowcommonforcommercialdevelopmentsbutmuchrarerforresidentialprojectsarecriticalbelievesRobinastheycanECoHomEsForfurtherinformationcontactAngelaCornellon01530566576orangela.cornellfshergerman.co.ukFindoutmoreaboutHomeRevolutionatwww.home-revolution.combemuchmoreeffectivethanawrittenorverbaldescription.Demonstratingecologicalinnovationissimilarlychallenging.ItisnotjustacaseofplonkingsolarpanelsonaroofsaysRobin.Wehavetoshowthatthewayenergyiscapturedorgeneratedandthenusedefcientlyisinnovativeforthatparticulararea.WhiledesignsarebeingnalisedholdingconsultationswithlocalresidentsandotherswhomayperceivethemselvestobeaffectedbythenewdevelopmentsisusuallyawisemoverecommendsAngelaFace-to-facediscussionsworkwellespeciallyintight-knitcommunities.DovecoteGreenHouseEarlierthisyearFisherGermanandHomeRevolutionwonplanningconsentoranewdwellinginWollastonNorthamptonshire.Amoderntwo-storeybuildingwillbeconstructedinthegroundsoaGradeIIlistedhouseonthesiteoafteenth-centurydovecotetoallowourgenerationsothesameamilytoliveclosetoeachotherandtheirgrazinganimalsincludingpigsponiesllamasandalpacas.TheexceptionaldesigneaturesthatenabledthenewbuildingtogainplanningpermissionincludeAlivinggreenwallononesideofthebuildingirrigatedbynaturallyharvestedrainwater.Theplantsorthewallwillbespeciallyselectedorslowgrowthsothatmaintenanceislikelytobeannual.Aminipowerstationincorporatedintothehouseitsel.Ratherthanatraditionalroowithsolarpanelsontopthemainrooisactuallyagiantsolarpanelarrayandwillweighlessthanaconventionalslateortileroo.Innovativeshapingofthebuildingssothattheywillftintotheexistinglineothesurroundingcountrysidewithvirtuallynolandscaping.Theroowasdesignedtobewideratoneendthantheothertocreateavisualillusionthatdisguisesitssize.Thepowergenerationaspectwasparticularlywellreceivedbythelocalauthorityasitallowedtheexistingmainhouseandoutbuildingsaswellasthenewdwellingtobepoweredbyrenewablesources.AnotherimportantinnovationsaysRobinHamiltonwasthedesignothecorelivingspace.Thiswasdeliberatelysurroundedbylessrequentlyusedspacelikehallwaystoprovideabuerthathelpsthecentralarearemainataconstanttemperatureandsoreducesenergyrequirements.DvecteGreenHuencludeeveralexceptnaldegnfeatureinnvatvehapnghelpthebuldngtnttheurrundngcuntrydewthvrtuallynlandcapngfishergermanmagazine15 muchhigherthanactualmarketvaluesexplainsKevinBensonheadofcommercialatFisherGerman.Thepropertyindustryhasbeencampaigningforratesreliefonemptybuildingseversincesofarwithlimitedsuccess.Howeverlandlordscanreducethecostofratesbills.KnockdowndiscountForthosewhohaventcheckeditisstillworthinvestigatingwhetherthe2008valuationwassettoohighforanybuildingstheyown.ButKevinadvisesAnychallengeneedstobedoneonthebasisofwhatthepropertywasworthinBusinessesarestilltradingatbelowthelevelofadecadeagosotheownersofemptypropertiesareeagerlyawaitingareturntobettertimes.Inadditiontothelossofpotentialearningstheirpropertyislikelytobecostingthemmoney.In2008thegovernmentwithdrewmanyexemptionsanddiscountsthatownerscouldclaimtominimisethecostofpayingbusinessratesonemptybuildings.Ironicallythelegislationwasbroughtintodiscouragelandlordsfromleavingpremisesunoccupiedatatimewhentherewereshortagesofspace.Butnosoonerhadnewrulestakeneffectthantheglobaleconomycrashedmeaningmanycompaniescouldnolongeraffordtopaytheirrentsletalonerates.Sotheratesburdenwaspassedontotheowner.Tomakemattersworsearevaluationbygovernmentofcommercialpropertyvaluestookplaceataroundthesametimebeforetherecession.Ittookplaceatthepeakofthemarketsothevastmajorityofratesaretoday2008andthatcanbedifculttoprove.Forthemajoritythenthefocushasbeentominimisetheamountspentonbusinessrates.Forbuildingsthatarelife-expiredthereisanobviousthoughratherdrasticsolutiondemolition.Thisoptionmaybemorefeasiblethanitappearsnewlegislationduetocomeintoforcein2018couldpreventownersleasingcommercialpremisesthatfailtomeetminimumenergyefciencystandards.Ifitisntcost-effectivetoimprovethebuildinganditisunlikelytoletinthenexttwotothreeyearsitmaywellbeworthknockingitdownandconsideringthedevelopmentpotentialoftheclearedlandsaysKevin.Lessdramaticistopursueastandardtenantastheybecomeresponsibleforratesassoonastheyoccupyspace.Yettherecessionhasmadebusinessesreluctanttosigntraditionalleasesthatcanlastforveyearsormore.ButthereisnothingtostopalandlordlettingoutthespaceonshortAlthoughtheUKeconomyispickinguptakingthecommercialpropertymarketwithitmanyofceshopandindustrialpremisesstillstandempty.Emptypropertiesarecostinglandlordsdearlyalthoughtherearewaystotackletheproblem.DefnitelyconsidergettingexpertadviceunlesstheyareabsolutelysurewhattheyaredoingislegalonemptyRunning16fishergermanmagazine licences.Thisworksparticularlywellonmulti-letindustrialestateswhereitisoftenpossibletocreateavirtuouscyclesaysKevin.Tenantsrenewtheirexistinglicenceoreventakemorespaceelsewhereontheestate.Tenantsmaybenetfromalowornilrentitisimportantforlandlordstorememberthatadipinincomemaybepreferabletopayingemptypropertyrates.BgeefTherearealsomoreinnovativewaysofusingbuildingshelpingownerspaygreatlyreducedrates.Whenstandardtenantshavebeenhardtocomebylandlordshavebecomeincreasinglycreativeinagreeingshort-termletstypicallyforaroundsixweeksafterwhichtheemptybuildingisexemptfromratesforthreemonthsofcesorsixmonthsindustrial.Thetenantsinthesecaseshavebeencharitiesandelectronicdataserviceproviders.Charitiescanbenetfromaminimumof80ratesreliefonspacetheyoccupysomanyownershadallowedcharitablegroupstouseasmallpartofabuildingtemporarilyafterwhichtheycouldclaimarates-freeperiod.ButlastyearalegaltestcaseinvolvingcharityPSCTresultedinarulingstatingthatcharitiesmustactuallyusethemajorityofthebuildingforwhichanownerthenclaimsemptypropertyratesexemption.HoweverasimilarcaseintheHighCourtlastsummerwentinfavouroflandlords.ThislegitimisedtheuseofBluetoothmessagingequipmentasatenantforshort-termletsseecasestudyabove.Cruciallytheelectronicsdonothavetooccupythewholebuilding.Andin2012cashandcarrygroupMakroscoredanothervictoryforbuildingownerswhenacourtrulingagreedthatitcouldlegitimatelytemporarilyoccupyjust0.2ofawarehousebuildingbeforeapplyingforasix-monthratesexemption.ThereareotherwaysofminimisingtheamountthatbuildingownershavetopayonratesfortheiremptypropertiessuchasoccupyingasmallpartofthepremisesthemselvesforashorttimesaysKevin.Butlocalauthoritiesareincreasinglylikelytochallengetheseratemitigationschemeswhichtheyoftenconsidertoberatesavoidancesoprospectiveownersshoulddenitelyconsidergettingexpertadviceunlesstheyareabsolutelysuretheyknowthatwhattheyaredoingislegal.ForfurtherinformationcontactKevinBensonon01777719148orkevin.bensonfshergerman.co.uk1billionistheestimatedamountpaidbylandlordsonemptypropertyrateseveryyearCommErCiAlpropErTyTheexenseasscatedwthetetescanbeeducedShort-termletlong-termbeneftFisherGermanarrangedashort-termlettingofacommercialbuildingtoaproviderofBluetoothservices.Thiscompanyinstalledtheirtransmittersinthebuildingandthelocalauthoritywasthencontactedsothattheycouldacknowledgethatthebuildingwasoccupied.Attheendoftheleasetheserviceprovideruninstalledtheirequipmentandtheownerwasthenentitledtoarates-exemptperiod.Untilalong-termleaseisagreeditislikelythatthisarrangementwillberepeatedonanon-goingbasiswiththeserviceproviderusingthebuildingforashortperiodafterwhichtheownercanclaimarates-freeperiod.ishergermanmagazine17 DespitemanybullishmagazineandnewspaperarticlesaboutUKlandsomefarmersandestateownersarereectingontheresultingunbalancedvalueoftheirassets.Someexpecttoseethe2020rulerealisedwithlandat20000peracreby2020andcitepredictionsofaworldpopulationof9billionby2050allneedingfood.Landhasservedmanyfamilieswellastheunderpinningcoreassettopreservingwealthandwiderfamilyinterestsfromgenerationtogeneration.Someaskwhetherthehighpricethatlandhasachievedinrecentyearsservesanypurposewhatsoeverforsuchlong-termholders.Iflandisbeingheldasanintergenerationalassetandformsthebasisoftheworkingfarmorestateitsvalueinitselfshouldnotmatter.FisherGermanchairmanBarryGambleofferssomealternativethoughtsonthelandmarket.Theviewsexpressedarehisown.Timetorebalancethelandportfolio18fishergermanmagazine Manyhavefeltthatthedecisiontolowerinterestratestoa300-yearlowinresponsetothenancialcrisisandquantitativeeasingprintingmoneywouldbereectedinincreasedrealassetvalues.Thismayhavehappenedwithequityandbondmarketsbuttheincreaseinlandpriceswasalreadywellunderwaybeforethenancialcrisisstruck.Thenmanycitedlandandgoldasbeingtheassetstowhichinvestorsshouldeebutafteraninitialpricesurgegoldhassinceretreatedsignicantlyinprice.GovernmentandEUpolicycontinuestohaveapositiveimpactonthelandmarketwithdirectandindirectsupportbutnegativelythroughregulationandalsostampdutyasasignicanttransactionalcost.Althoughanalystsmayseektodetectcorrelationsbetweeninterestrateslevelsofinationunderlyingearningsfromyieldandcommoditypriceswithfarmersstillmostlybeingpricetakersfortheirproducetorationalisethepriceofagriculturallandthesecorrelationsarenotoriouslydifculttomake.Doestheimpactofthemarginalbuyerorthoseassessingpropertyspecicissuesoverridethelackofconnectionwiththecash-generatingcapacityofthelandSomewouldseelandasatradingassetothersasanoperatingassetsomeasanalternativetonancialassetsyetothersasamedium-tolong-termhedgewiththeprospectofasignicantwindfallgainfromdevelopmentandforsomestillamechanismtoshelteranestatefromtax.Allthisbeforeweevenconsiderlandformineralsenergyrenewablesorthecurrencyandtaxconsiderationsoftheforeignowner.PerhapsthepassionandinstinctforowninglandshouldnotbeoverlookedeitherWhateverthereasonsforwantingtoacquirelandthescarcityofsupplycontinuestolimitpurchasingopportunities.Howeverthishasnotstoppedonehouseholdnameentrepreneurbuildingasubstantialportfoliooffarmsinaremarkablyshortperiod.SowhatifanythingtodoabouttheunbalancedassetportfolioForaprofessionalinvestinginstitutionthismightbeaddressedbypartialsaleorredirectingnewcashowstootherassets.MightthelowincidenceoftaxonsaleoflandwithentrepreneursreliefandtheabsenceofadevelopmenttaxperhapsofferawindowofopportunityforthosecontemplatingcashinginoncurrentlandpricesAnalternativestrategystillmightbetogearupthefarmorestatebalancesheetwithsomecheapborrowingsasameanstoraisemuchneededliquidityforassetdiversication.Adecisiontosellanylandthathasbeenacoreassetwillinevitablybedifcultparticularlywhenmanywouldtakethecontraryviewthatiflandpricesfallbackfromcurrentlevelsthismightevenprovideanopportunitytopurchasemore.Whatisclearisthatifonesellsoneisleftwiththedifcultproblemofhowtosensiblyreinvestthemoneytomaintaincapitalforthefuture.AssETsTrATEGyTodiscussthechairmansthoughtleadershiparticlepleasecontactBarryGambleatbarry.gamblefshergerman.co.uk10eaGodpiceinGBpozGoldPRICE.oRG12001100100090080070060060050040030020010020052006200720082009201020112012201320142015mondamach312104High1180.33low208.86537.28231.53Ifnesesneiseftwiththedifcultproblemfhwtsensibyreinvestthemneytmaintaincapitafishergermanmagazine19 Therearearangeoftaxreliefsavailableforwoodlandsbutsomeoftherelevantunderlyinglegislationcanbeunclear.Carefulconsiderationoftherulesandprofessionaladviceisneededtomakethemostoftheopportunitiesandminimiserisks.ataxingsituationWoodlandsThereisevidencethatHMRevenueCustomsunderpressuretocollectasmuchtaxaspossibleistakingacloselookattaxreliefsforcommercialwoodlandsaysDavidGittinsacharteredaccountantadvisertomembersofConforandfor12yearsamemberofthetaxcommitteeoftheCLA.ItisapparentthattheconceptofcommercialityisunderscrutinyandHMRCislikelytochallengeareliefwheneverthecommercialbasisissuspect.Howevercommercialwoodlandsforexamplearedescribedaswoodlandsmanagedbytheoccupieronacommercialbasiswithaviewtotherealisationofprots.Yetnowhereisthereanexplanationordenitionofwhatthewordcommercialinrelationtowoodlandmeansdespiteappearinginalllegislationwhichaffectscommercialwoodlands.PropermanagementWoodlandsforestryactivityhasbeenexcludedfromtheincometaxlegislationfor25yearssomanyassumethattheydonotneedtokeeprecordsandaccountsastheyarenotrequiredtodeclareitintheirself-assessmenttaxreturns.UnfortunatelyissuesmayarisewhenwoodlandsaresoldandcapitalgainstaxistobeconsideredwarnsDavidorwhenwoodlandsarepassedonafterdeathandinheritancetaxreliefisclaimedwhenapplyingforprobate.Myadviceisthatwoodlandsshouldbemanaged.Professionalagentsshouldliaisewiththeownersregularlytoshowthatthelegaloccupierofthewoodlandismanagingitjustastheywouldanyotherpartoftheirlandandonacommercialbasis.ThiscanbeinterpretedaslookingafterwoodlandasifitwereabusinessratherthananamenityorhobbysaysDavid.Manytaxinspectorswhoareunfamiliarwithawoodlandsbusinessespeciallythetimefactorandlackofsell-bydatefortheproductassumethattherewillbeadetailedbusinessplanestimatedguresofincomeandexpenditureforfutureyearsandseveralmanagementmeetingseachyearwithminutesbeingrecordedandkeptonles.Butoftenthisisnotthecase.Issuesmayarisewhenwoodlandsaresoldandcapitalgainstaxistobeconsidered20fishergermanmagazine inmEmoryIfforexamplenoincomeweretobereceivedforseveralyearsforveryvalidcommercialandorsilviculturalreasonstheassumptioncouldbethatthiswasabusinessnotforgainandthereforelackedacommercialbasisDavidsays.Itissometimesdifculttoconvinceataxinspectorthattreesarenotlikewheatwhichmustbeharvestedwithinafairlyshortwindowbeforeitisoverripeorreducedinvalue.Alsoinsomecircumstancesaperiodperhapsseveralyearsofbenignneglectisthecorrectcommercialtreatmentofwoodlandsover-managementcouldbeconsideredasuncommercial.Anumberofaspectsmayhelpconvinceataxinspectorthatawoodlandbusinessisbeingrunseeabove.vauatGentlemensagreementsaboutmanagingthewoodlandsinreturnfortherighttoshootinthewoodsoughttobeformalisedtoensurethatthewoodlandsarenotmerelymanagedfortheshoot.WhenitisaquestionofcapitalgainstaxthelegislationisveryclearDavidsaysInthecomputationofthegainaccruingonadisposalofwoodlandintheUKsomuchoftheconsiderationforthedisposalasisattributabletotreesgrowingonthelandshallbeexcluded.FrequentlythepricepaidforwoodlandwillexceedthevaluethatcouldbeattributedtotheunderlyinglandandthevalueofthetreesonthatlandDavidobserves.Thisaddedvaluemaybeattributedtosportingrightsamenitypossiblerenewableenergyinterestorotherfactors.AcurrentvaluationofthetreesastimberorfuturetimberisdifcultenoughDavidpointsout.OtherconsiderationscomplicatecalculationsfurthershouldanysportingvaluebeattributedsolelytothelandwhichwouldaffectthecapitalgainIfthesportingvalueisapplicabletogamebirdswouldtherebeanysportingvalueiftherewerenotreesShouldthesportingvaluebeincludedwithinthevalueattributabletotreesSimilarlyforamenityiftherewerenotreeswouldtherebeanyamenityvalueIfthelandisineffectsubjecttoaperpetualcovenantthatrestrictsitsusetogrowingtreeswhatisitsvalueifbyitselfitproducesnoincomeandcannotbeusedorsoldforanyotherpurposeAusefulprovisioninthecapitalgainstaxlegislationisthereliefforgiftsofbusinessassetsDavidsays.Thiswouldnormallyapplytoatradeprofessionorvocationbutwillincludetheoccupationofwoodlandsmanagedonacommercialbasis.Forinheritancetaxpurposes100businesspropertyreliefcanbeavailablebutonlyifthewoodlandshavebeenmanagedonacommercialbasis.Thetaxreliefsavailableforwoodlandsareincreasinglyunderscrutinytoensurethattheyareapplicable.FormoreinformationcontactDavidGittinson01242262490orgittins.treesbtconnect.comEvidencingawoodlandbusinessToshowawoodlandisbeingrunasacommercialbusinessthereshouldbeasmanyotheollowingaspossible1Yearlyaccounts.2Aseparatebankaccountinthenameothewoodlandbusiness.3VATregistrationorinclusionothewoodlandincomeandexpenditurewithinaVATregistrationinthenameotheownerothewoodland.4Evidenceomanagementbyaproessionaloresterorexperiencedwoodlandmanager.5Evidencethatthemanagementisbeingcarriedoutwiththeintentiontoproduceproftseitherincomeorcapitalandnotorexamplemerelytoimprovetheshooting.6Evidencethattheexpenditureincurredissuitableorthebusiness.7Arelevantgrantschemewhichmentionstheimportanceoproducingasaleableproductratherthananincreaseintheamenityothewoodland.wooDlAnDTAxATionpfessaadceseededtgetthestutfdadsfishergermanmagazine21 inhertancepannngcanbefraughtatthebestoftmesandchangestothetaxatonregmearethoughttobemmnent.landownersneedtopreparethemsevesforawhoenewayerofcompextynthenancamx.Thenextgeneralelectioncouldheraldaraftofchanges.TheLiberalDemocratswhocouldagainholdthebalanceofpowerascoalitionpartnershaveindicatedthattheywillseekchangestoabroadrangeoftaxmeasures.ItiswidelyexpectedthattheprofessedredlinefortheLibDemstheirnon-negotiablepolicydemandwillinvolvechangestotaxationinvolvingInheritanceTaxReliefAgriculturalPropertyReliefAPRandBusinessPropertyReliefBPR.SofartheLibDemsaretheonlypartytohaveraisedtheissuebutthe12monthsbetweennowandthenextgeneralelectionon7May2015isalifetimeinpolitics.Otherpartiesmayyetjumponthetax-grabbandwagonasavotewinner.aheadPlanning22fishergermanmagazine AtthemomentagriculturalpropertyreliefandbusinesspropertyreliefareavailablebutmergingAPRonin-handlandintoBPRandchangingAPRwouldend100reliefonletlandJohnsays.sadoftmeIfthesechangesweretobeintroducedforwardplanningforinheritancepurposescouldbecomeproblematic.Currentlyforexamplewithpropertytransfersanownermustliveforsevenyearsforthetransfertoqualifyfortaxrelief.Theindicatedextensionto14yearswouldobviouslycreateuncertaintiesforanownerapproaching70yearsofageorolder.Therealpossibilitythatchangescouldbeinthepipelinemeansforwardthinkinglandownersmustlooktotakeadvicenowonthebestwaytoprotecttheirassetsagainstfuturetaxationchanges.ForfurtherinformationcontactJohnPalmeron01858411216orjohn.palmerfshergerman.co.ukCurrenttaxrelieoragriculturalestatesAarmwillbeincludedintheestateorInheritanceTaxpurposes.HoweveriitisaworkingarmAgriculturalPropertyRelieAPRmayallowsomeorallothepropertytobepassedonreeotaxeitherduringanownerslietimeoraspartotheirwill.ToqualiyorAPRlandmustbelocatedintheUKtheChannelIslandstheIsleoManortheEuropeanEconomicAreaandmustbepartoaworkingarm.Ownersmusthavealsoowneditoratleasttwoyearsbeoretheirdeath.Ipropertyhasbeenletoutanownermusthavebeeninpossessionorsevenyearsbeoretheirdeath.AgriculturalpropertyincludesAgriculturallandorpasture.Farmhousescottagesorbuildingsusedforagriculturalpurposesandproportionateinsizetothenatureandsizeothearmingactivity.Woodlandandbuildingsusedforintensiverearingolivestockorfsh.Growingcropstransferredwiththeland.ThevalueoflandwherethevalueincludesthebeneftoamilkquotaStudfarmsthatarebreedingandrearinghorsestogetherwiththelandthatthehorsesgrazeon.Short-rotationcoppicetreesthatareplantedandharvestedatleastevery10years.LandthatisactivelynotbeingfarmedtohelppreservethecountrysideandhabitatorwildanimalsandbirdsundertheHabitatSchemeSomeagriculturalsharesandsecuritiesWhenitcomestoinheritanceHMRCrulesallowanownertogiveawayagriculturalassetsorpropertywhilestillalivewithoutputtingAPRatriskaslongastheassetsorpropertyqualiyorAPRinthefrstplace.Ianownergivesawayagriculturalassetsorpropertyintheirlietimewhoeverisgiventhemmustkeepthemasagoingconcernuntilthegiverdiesinordertokeeptherelie.Theycanreplacetheassetsorpropertywithsomethingothesamevalueiitisoragriculturaluse.IthegiverlivesorsevenormoreyearsatermakingagitanythinggivenawaywillnotbeclassedaspartothegiversestateorInheritanceTaxpurposes.noeefSowhatmighthappenJohnPalmerpartneratFisherGermansuggeststheremaybeamovetomergeAgriculturalPropertyReliefAPRwithBusinessPropertyReliefBPRandAPRmayberefusedorreducedonletproperty.Theownershipperiodtoqualifyforreliefiscurrentlytwoyearsonin-handfarmsandsevenyearsonletfarmsbutcouldbeextendedwhichcouldcausesignicantdifcultiesinforwardplanning.Hold-overreliefCapitalGainsTaxCGTamajorconcessionavailableontransferringbusinessassetsincludingletlandsincethe1980scouldalsobewithdrawnoraltered.TheLibDemshavesupportamongthosewhosuggestthatAPRBPRisresponsibleforinatedlandvalueswhichmakeitdifcultfornewentrantstogetafootonthefarmingladder.WiththeseimportantconsiderationsinmindJohnsaysmanylandownerclientsarelookingquitecarefullyattransferringpropertybeforetheelectionbecausethereisarealriskthatthelegislationonpropertyreliefmighteasilychange.Atthemomentreliefissubjecttocertainconditionsbutisessentially100onlandownershipforbothletlandandin-handfarmland.Reliefissubjecttocertainconditionsbutisessentially100onlandownershipinHEriTAnCEplAnninGishergermanmagazine23 ArunningabalancedestateandopennesstodivesicationoppotunitiesaethesecetstothelongevityofBanstona1600acefamilyestateinCheshie.estatebalancedTheBarnstonEstatehasalonghistoryoriginallytracingitslineagetoshortlyaftertheNormanconquest.EstateTrusteeMichaelTrevor-BarnstonsforebearWilliamBarnstonwasimprisonedbyCromwellduringtheEnglishCivilWarandhadtopay580thenasignicantamounttoregainhisconscatedlandsin1650.FarmdiversicationisnothingnewbuttheBarnstonEstatewasamongthersttorecognisenewopportunitiesforgeneratingincomestreamsfromoutsidethepurelyfarmingsideofthebusiness.Asfarbackastheearly1980spropertiesintheCheshirevillageofFarndonwereconvertedtoamixofusesfromarestauranttoofcespaceandretailpremisesandtherestaurantandmanyoftheoriginalbusinessesremaintradingtothisday.24fishergermanmagazine EsTATEmAnAGEmEnTBYMCGINNLYATEN.wIkIPEDIAwIkIMEDIACOMMONSForfurtherinformationcontactEdwardClarkon01244409665oredward.clarkfshergerman.co.uk1600acresandisathrivingmixofagriculturecottagesconvertedfarmbuildingsandmorethan1800squaremetresofnewcommercialbuildings.Premisesarelettobusinessesvaryingfromsingletraderstoacompanyemployingalmost40localpeople.DiverifytourviveSuccessiveBarnstoncustodianswhilemanagingtheestatealsoservedtheircountryinsupportofWellingtonorintheCrimeanCampaigntheIndianMutinyandinbothWorldWars.Butthebattleagainsttaxesbothoninheritanceandonincomesteadilywhittledaoncelargeestatedowntoitscurrentsize.Greatefforthasconsequentlybeenputintomaintainingtheestatesnancialviabilityfromthe1980sonwards.Atthattimetheestatedependedonagriculturefor90ofitsincome.Todaytheestatesincomeisderivedfromamuchbroaderbaseincludingagricultureforestryandletresidentialandcommercialpropertieswithretailstorageandmanufacturingfacilities.Otherareasofdiversicationincludetelecommunicationsitescompostingandshing.AebalaceThemodernestateisfarbetterbalancedbutstillretainsthreeofthebestCheshiredairyfarmseachmanagedbyforwardthinkingyoungfarmerswithqualityherdsandhigherthanaveragemilkyields.TherearenowonlythreedairyfarmsleftinanareathatuntilrecentlywasattheheartofUKmilkproductionthesethreefarmshavearound1000cowsbetweenthem.Twoofthefarmsareonfarmbusinesstenancyagreementsandthethirdisonanagriculturalholdingactagreement.MichaelTrevor-BarnstonstressestheimportanceofhelpandadvicefromtheestatesmanagingagentEdwardClarkofFisherGermanMuchofthishasbeenachievedwiththesupportofEdwardhisteamandthevariousplanningdepartmentswhohadenoughvisiontoproposeconversions.Theyalsoinstigatedthenewbuildopportunitiestofacilitateruralbusinessesstaffedbylocalpeoplethusenhancingthelocalcommunityandeconomy.EdwardClarkhasbeenworkingwiththeestatesince1990andgetstogetherwithMichaelandanotherestatetrusteeeverytwotothreeweekstodiscusspressingestateissues.Ourroleincludesadministrativetaskssuchascollectingrentsanddealingwithaccountsandday-to-dayqueriesandthenthemorestrategicprojectsoflookingforopportunitiestodiversifytheestateanddevelopitsincomeandtheassetvaluecurrentopportunitiesunderconsiderationincludeafarmbasedanaerobicdigesterplantandasolardevelopmentheexplains.TherelationshiphasworkedwellformanyyearsandallowedtheBarnstonEstatetopressaheadwithnewventurestounderpinitseconomicviabilityandenhanceitsvaluewhilealsobeingabletocallonexpertadvicewhenneeded.TheacquisitionandconversionofaformerhighwaymaintenancesiteontheM56motorwaytoacommercialuseisagoodexampleofthis.Thisdepotisnowhometoagreenwasterecyclingplantproducingthousandsoftonnesofcompost.Thisventurestartedtenyearsagoandwasaheadofthegamewithenvironmentalissuesinmind.BarnstonEstateincomeDivericatiohahelpedBartoprotectitheritageAgriculture30Residential1949Commerciallettings2Miscellaneousfishergermanmagazine25 BuildingthefutureofToattractthebeststudentsuniversitiesneedmodernell-designedhighqualityfacilitiesthatcaterfornemethodsoflearning.providingthesefacilitiesrequiresateamofcomlementarysecialiststoensureeffectiveandtimelydeliveryofbuildrojects.Investmentinlarge-scalecapitalprojectsisincreasinglyvitalforuniversitiesinordertoensuretheyremainmarketleadersandattractstudentsthroughtheprovisionofthebestserviceandfacilitiesavailableatthatpointintime.TheUniversityofBedfordshireispartwaythrougha136millionimprovementprogrammemasterplantoitsLutoncampus.Theuniversityisfundingthemulti-millionpoundcapitalworksfromitsownbudgettomaintainitspositionasaleaderintheeldandgenerateadditionalincomefromreinvestment.Gettingtheprocessrightiscrucial.FisherGermansplanningteamwasappointedtoworkinpartnershipwiththeprojectmanagersAECOMandarchitectsMosesCameronWilliams.Theplanningteamwasresponsibleforthedetailedpre-applicationdiscussionswiththecouncilandtheuniversitythesubmissionofthevariousplanningapplicationsandextensiveliaisonwithstatutoryconsultees.Theplanningteamsoughttoensureasmoothandcost-effectiveprocessfulllingtheexpectationsoftheuniversitycouncilandthelocalcommunity.workingtogetherAllmajorprojectsrequireanentireteamofspecialistssaystownplannerandmemberofFisherGermansplanningandconstructionteamAlanHardwick.Onthisoccasionexpertiseintownplanningdesignandprojectmanagementaswellasanin-depthunderstandingoftheneedsofafast-evolvingeducationalenvironmentwererequired.Delayscanbecreatedbyalackofunderstandingofbroaderplanningframeworksconservationsensitivitiesfailuretoengagewiththecommunityandotherchallengesintheplanningprocesscanproveverycostly.Inthecaseofadelayofonlyacoupleofweeksthiscouldseetheuniversityloseanentireacademicyearofnotbeingabletoutiliseanewbuilding.education26fishergermanmagazine ACADEmiCFUTUrEsUniversityoBedordshireLutoncampusmasterplanTheaimothemasterplanistoachieveaculturalquarterorLutonanattractiveenvironmentwithintheheartotheUniversityoBedordshirecampus.HigherqualitybuildingsarebeinganchoredbyapublicrealmnetworkthatextendsthepositiveenvironmentalcharacteraroundStMarysChurchaddingnewexternalspacesandpedestrianlinkstoachieveanidentiablesenseoplaceattheheartothecampus.ThelateststageothecareullyphasedprogrammesawworkstartintheNewYearona46millionlibrary.The7400squaremetreacilitywithsevenfoorswillopenintheautumno2015oeringthelatestITandAVacilitiesanda30increaseinbothbooksandstudyspace.Themasterplanlookstowardaphasedredevelopmentotheentirecampustakingalong-termviewopossibleuturephasesandhasbeenanevolvingprocess.AcombinationoftownplanningandsurveyingskillsisessentialrightfromthestartsaysAlan.Thetownplannerwillworkcloselywiththelocalauthorityandthearchitecturalteamtoassistindevelopingdesignsthatwillbeacceptabletothelocalplanningauthoritywiththeaimofachievingaplanningconsentinagoodtimescale.Withoutfocusedtownplanningexpertisenegotiationsbetweenthedevelopmentteamandtheauthoritycandragonwithdesignchangescausingdelaysandincreasingcosts.OtherconsiderationssuchashighwaysandconservationaretakenintoaccountwhenworkingcloselywiththelocalauthoritysaysAlan.InthecaseoftheUniversityofBedfordshirewealsoneededtoensurethelocalcommunitywasengagedandthattheuniversitysmasterplanwasintunewiththevisionofLutonslong-termdevelopmentframeworkandthatitttedwiththecouncilsoveralltargettorenewandrefreshtheappearanceofthetownasawholewhilstalsocreatingasustainabletowncentrewherepeoplewanttoliveworkandplay.ThnkngaheadThesamefactorsholdtrueforotherdevelopments.ForwardplanningisessentialforalltypesofbudgetandprojectAlanstresses.NorthNottinghamshireCollegebecomingpartofanewlydesignatedConservationAreaaroundaNationalTrustEdwardianpropertyprovidesagoodexampleoftheneedforforwardplanning.OnthesurfacetheopportunityofbecomingpartofanewConservationAreawasanexcitingopportunity.Howeverthelimitationsofbeingincludedwithinthedesignationcouldhavemadeitverydifcultforthecollegetochangeandexpand.AlanexplainsTheimplicationswerethatthiswouldeffectivelytightenplanningconsiderations.AlthoughthecollegehadnoimmediateplansforexpansiontheCollegeknewthatonedayitwouldwanttoadaptitsbuildingstosuitmodernmethodsoflearningandwantedtohavetheabilitytodevelopthecampusoverthecomingyears.WorkingcloselywiththecollegeFisherGermansplanningteamofferedthecouncilworkableandacceptablerecommendationstoavoidapotentiallyrestrictiveconservationareapolicybeingdrawnupinWorksopwhichcouldstiefuturedevelopment.ThisensuredthatthepolicieswhichrelatedtothecollegeofferedexibilitysaysAlan.Withoutexpertrepresentationtherecouldhavebeenasignicantimpactonthecollegewithapotentiallossoffacilitiesandjobstothelocalarea.TownplanningandsurveyingskillsareessentialrightfromthestartTheUnvetyofBedfodhepatwaythougha136llonpoveentprogrammeForfurtherinformationcontactAlanHarwickon01530567471oralan.hardwickfshergerman.co.ukishergermanmagazine27 saysHarryCotterellFisherGermanconsultantandformerpresidentoftheCLA.Farmersandlandownersshouldstarttoconsidernowhowtheymightbeaffectedandhowtheymightrespond.ideastcAtpresentEuropedominatestheagriculturallandscape.IntermsoftotalnumbersUKfarmingisunprotablewithoutcommonagriculturalpolicyCAPsubsidy.MostoftheregulationsthatgovernlanduseruraldevelopmentwildlifeandtheenvironmentoriginatefromEuropeandirectives.AftertheweatherthelargestimpactonUKfarmprotabilityisthepoundeuroexchangerate.WhilethetheorybehindaCAPissoundenoughthewidediversitybetweenthe28memberstateshasbeenachallengefromthestartespeciallyasjustfournations15ofEUstatesfarmnearly50oftheland.AndaroundhalfoftheEUsagriculturaloutputbyvaluecomesfromjust1ofholdings.CAPcriticsmaintainthatbalancingtheneedsofglobalagribusinesseswithpeasantfarmershasalwaysbeenanimpossibleobjective.ManymemberEuropeislikelytobeattheforefrontoftheUKsgeneralelectionnextyear.ContinuedEUmembershipisahottopicamongvotersandhasdividedtheUKspoliticalpartiessincetheConservativespledgedareferendumonEUmembershipiftheytriumphinthe2015election.ForthoseinvolvedinfarmingandtheruraleconomythisisnolongersimplyanabstractwarofwordsbetweenpoliticiansinWestminster.TherepercussionsofeitherrenegotiationoftheUKspositionwithinEuropeorcompletewithdrawalfromtheEUareverysignicantThefutureoffarmingpotcanswrangngovertheEUcoudhavearofoundeffectonUKagrcuture.Thenexteectonskeytoshaethefutureoftheruraeconomywthmortantconsequencesforanvoved.statesarecomfortablewiththeidealisticnatureofCAPHarrysays.ThemajorityofmemberstatesacceptthatCAPhasasignicantsocialelementwhetheritisthesupportofsmallfarmsinIrelandorpreventingruraldepopulationinFrance.BycontrasttheUKviewstheCAPprimarilyasaneconomictoolandsuggeststhatproductivityshouldbeatthecoreofagriculturaldevelopment.NeithertheEUcommissionnortheEuropeanparliamentissympathetictothisstandpoint.MarketexpertspointoutthattheagriculturecommissionerDacianCiolosisfromRomaniaacountrywhereproductivityisrelativelyinsignicant.ProductivityisfurtherweakenedbyanEUfondnessforenvironmentalregulation.Theattitudeofthecommissionandtheparliamenttogeneticallymodiedcropsandmore1613.69.89.81.4ofholdingswithintheEUhaveanoutputofover250000andareresponsiblefor48oftotalEUoutputFranceSpainUKGermanylargestfarmngnatonsbyercentageoftotaEUarea18161412108642028fishergermanmagazine toCAP767millionsothequestionofpaymentswillloomlargeafterthenextgeneralelection.NeithermajorpartyiscomfortablewiththesinglepaymentelementingovernmentLabourarguedfordirectpaymentstobephasedoutcompletelyby2020.TheUKviewthatdirectpaymentsshouldbereplacedbyagri-environmentpaymentsisnotwidelysupportedinEurope.RegardlessofanyreferendumonEUmembershipanyrenegotiationoftheUKsengagementwiththeEUwouldalmostcertainlyincludeclosescrutinyofCAP.ButwiththeUKisolatedfrommostothermemberstatesanymeaningfulconcessionsarelikelytobehard-wonandfewinnumber.InthiscasetheUKgovernmentmayevenconsiderrepatriationofCAPthoughthisoptionwouldbeveryunpopularwithfarmers.TheyfearatreasuryraidonfundsthatarecurrentlysecuredforthesectorunderCAPanissuethatwouldcometotheforeintheeventofa2017referendumdecisiontowithdrawfromtheEU.ThatresultwouldchangesupportfortheUKagriculturalsectorbeyondrecognition.TheUKgovernmentiscurrentlyworkingonareviewofcompetenciesthatmayindicatehowanindependentUKwouldsupportfarmingthoughinevitablythemostinterestingpartforfarmerswillbeinthenedetailswhichhaveyettobesketchedout.shapgthefutueAmidsttheuncertaintyaroundwhowillwinthegeneralelectionandconsequentlywhetherornotareferendumwilltakeplacewhichnowseemsunlikelyifLabourtakesoverthereinsatWestminsteronethingisbecomingclearrecentlyneonicotinoidinsecticidesgivestheimpressionthattheywouldbehappyforEUfarmingtobeapastoralcottageindustryobservesHarry.TafatButtheideologydrivingCAPisnttheonlyunwelcomefeaturefromaUKperspective.Theinequalityinpaymentsbetweenmemberstateshaslongbeenaboneofcontentionandwhilstthishasbeenaddressedinthisreformitwillnotbecompleteduntilafter2020.TheUKisasignicantnetcontributorFUTUrEoFFArminGFormoreinformationcontactHarryCotterellharry.cotterellfshergerman.co.ukaccordingtoHarryTheshapeofagricultureforthenextgenerationwillbedecidedinthenextparliamentwhicheverpartyisrunningtheshow.ThedecisionsabouttobemadebypoliticianscouldhaveaprofoundeffectonUKagriculturesoitmakessenseforanyonewithaninterestintheruraleconomytostartthinkingnowabouthowtheirbusinessandinvestmentstrategiesmayneedtoadapttoanincreasinglyvolatilemarketplace.UltimatelysaysHarrythekeystosuccesswillbethesameasthoseforanyotherbusinesseffectivemanagementmarketfocusandattentiontodetail.EU28farmland174mhalandtotal12.2mnumberofEUholdingslessthan2ha6mholdingsEUaveragefarmsizeaverageUKfarmsize14.2ha90.4ha45.1ofholdingswithintheEUhaveanoutputoflessthan2000andareintotalresponsibleforlessthan2ofEUoutputTheshapeofagricultureforthenextgenerationwillbedecidedinthenextparliamentwhicheverpartyisrunningtheshowfishergermanmagazine29 peoplenewsClarephillisonClarePhillipsonhasbeenmaeanequityApartnerinthenationalutilitiesaninfrastructureteam.ShehasalonghistorywiththermhavingcompleteaworkplacementattheAshby-de-la-Zouchofcein1984beforegoingtotheRoyalAgriculturalCollegeCirencestertoqualifyasaRuralPracticeChartereSurveyor.Clarereturnedtothermin1988asafull-timememberofthebusiness.Appointeaspartnerin1998shebecameheaofthenationalutilitiesaninfrastructureteamin2011afterrisingthroughtherankstoleathe60-strongepartment.ShewillcontinuetobebaseinAshby-e-la-Zouch.ClarespecialisesinmanagingFisherGermansservicesintheutilitiesaninfrastructuresector.Theutilitiesaninfrastructuresectorisreallyexcitingcurrentlywiththeneeforreinforcementandexpansionduetothecountrysemanforheatlightpoweranwatershesays.DarrenEdwardsDarrenEdwardsisnowaxedsharepartnerintherenewableenergyteam.The29-year-oljoineFisherGermanin2006asagrauatesurveyoranhassinceprogressethroughthecompanymanagingestatesforkeyclientsaneliveringrenewableenergyprojectsforlandowners.DarrensexpertiseinrenewableshashelpeFisherGermantobecomeoneoftheUksleadingconsultanciesinrenewableenergy.HewillcontinuetobebaseattheMaretHarboroughofce.darrensaysthattherenewableenergymarketisbuoyantasfarmerslanownersanbusinessownerslookforalternativesourcesofincomeanenergysecurity.AtatimewhenEUsupportforagricultureisuncertainanelectricityanfuelcostsarerisingmanyfarmersanruralbusinessesareinvestinginalternativeenergytoiversifytheirincomeprojects.Therearemanyprojectsattheevelopmentstageoractuallyintheprocessofbeingbuilthenotes.Thesecustomersoftenneetoborrowmoneytofuntheirrenewableenergyprojectsbecauseitcanbeasignicantcapitalinvestment.Iamcurrentlyassistingalargenumberofprivateclientsacrossarangeofrenewableenergytechnologiesmanyofwhomareproject-managingtheseschemesthemselves.Itisacaseofassessingthefeasibilityanviabilityoftherenewabletechnologyanmatchingthiswiththeclientsnees.SpringpromotionsannouncedAseriesofromotionsdemonstrateshowthermiscontinuingtobuildtheskillsneededtoserviceourclientseffectively.Toreectrecentgrowththerehavebeen20romotionsfromassociatetoartner.TheutilitiesaninfrastructuresectorisreallyexcitingcurrentlywiththeneeforreinforcementanexpansionManyfarmersandruralbusinessesareinvestinginalternativeenergytoiversifytheirincomeprojects30fishergermanmagazine pArTnErspoTliGHTPartnerspotlightStephenRutledgeStephensfamiyhavewneafarmintheCtswsfrgeneratinswhichhismtherstifarms.Igrewuptherehesays.AsannychiIwasthenycheapaburfrceavaiabesgainedvaluablehands-onexperienceofagricuture.IcmefrmasmafarmssnreaiseIwuneetkbeynjustagricuturetmakeaiving.Iwasawaysgingtbemstsuitetaprfessinaietthecuntrysiehesays.Wrkasaanagenthasthsestrnginks.HestuieanmanagementatHarperAamsUniversity199498befreworkinginseveralpracticesinOxfordandNewburywithrespnsibiitiesincuingauctinsfmachineryanivestckprpertysaesanestatemanagement.ThisrangefwrkwastheperfectpreparatinfrhiscurrentpsitinatFisherGermanStephensays.StephenjineFisherGermansBanburyofcein2003wherehefocusedngeneraanrurapractice.StephennowrunstheThameofceandhasbeeninstrumentalinsettinguptheofcewhichisrapiygrwing.Stephensay-t-aywrkseeshimprimariyinvveingeneraprpertymattersansaesatvariusstagesfprgressin.WhatIvemstabutmyjbisthevariatinIcanbeeaingwithanythingfrmapacktahuseaargeestaterruracmmerciaprpertyhesays.IhavevaueeverythingfrmanabattirtanprpertywithpishemetapesupstairsitaterturneuttbeapeancingcubotherrespnsibiitiesincueiaisingwithanrsantenantsnettingsrentreviewsanthereasasweasarrangingnanceforfarmersheisanAMCagent.Stephenisevenanexpertwitnessincurtprceeingsrarbitratinscentrearunprperty-reateisputesfferingvaluation-relatedexpertcomment.Thereisgreatsatisfactiningrappingwithtechnicaprbemsanvercmingthebstacestarriveatasutinrgetaeanehesays.outsiefwrkStephenenjyscatchingupwithhisfamiyanspeningtimewithhistwyungsns.HiswifehaisfrmafarminNrthumberansreguartripsthereareinterspersewithwakscycingantrainingfratriathn.Thepreparatinsareverymuchattheembrynicstagehejkes.IdidmyrsttriathlonlastsummerandIamhpingtthreethissummerasweaspartfanirnman.InaitintthecnsierabesprtingfeatsStephenhasareaycycecast-t-castfrCancerResearch.ItwasreativeystraightfrwaruntiwereachetheHarknttPassinthelakedistrict.Withagraientfarun1in3theraisthesteepestinthecuntryanwasveryharging.Stephenscientswibeunsurpriseatthiscmmitmentanwiingnesstgfurther.FateadheadftheThamefcesteherutedgefamgadthecutydethebd.ThtctveudetadgeguayuttthetethchaeggwkatFheGema.ForfurtherinformationcontactStephenRutledgeon01844267942orstephen.rutledgefshergerman.co.ukFamgstehebdThepersonaltouchEducationHarperAdamsUniversityMarriedYeswithtwoyoungsonsSportsCyclingrunningswimmingIwasawaysgingtbemstsuitetaprfessinaietthecuntrysieishergermanmagazine31 FrustrationsofanorthsouthdivideStuartFlintheadofpropertyagencyRapidrecoveryRichardBensonheadofplanningconstructionMindfulnessneededDavidMertonheadofruralconsultancyMylastSectorInsightrecordedacertainrelieatsomeeventualrecoveryinthemarketwhichwastangibleandeltsustainable.IyouresideoutsideoLondonandthehomecountiesyouwillappreciatemyrustrationatwidespreaddebateabouthowtoburstthebubbleoanover-heatedhousingmarketthatevidentlyposesamajorrisktoeconomicrecovery.Thedivideinthetwo-tiermarketcontinuestowiden.AveragehousepricesinLondonarewellaheadopre-recessionlevelsapproximately17attimeowritingwhilstmostotheUKhasnotyetcrawledbacktothosepreviousheights.Centralisedmeasurestocoolthemarketneedverycareulconsideration.ItwouldbeeasytohaltprogressinthehousingmarketswitlyorthevastmajorityotheUKwhilstjustslowingmarginallytherateoprogressionintheSouthEast.Itwouldbeunpalatabletowitnessanyinterventionthatcouldexacerbatethenorthsouthchasm.ThemarketimprovementinFisherGermanterritoriesthisyearhasbeensignifcantandalongsidetheconsiderableandcontinuousexpansionoouragencybusinessisgeneratingsomeexceptionalresults.Manypropertiesaresellingswitlyandorexceptionalprices.Propertiesthatwouldhaveailedtostimulateanydemandinrecentyearsaregenerallywitnessingencouragingactivity.Buyersandsellersarearmorecontented.LetsprayMessrsOsborneCarneyandCameronfndawaytobegeographicallyselectiveastheyapplythebrakes.ThelatestannualRICSMcDonaldandCosurveyosurveyorsshowsconfdenceinthesectorup42romthepreviousyearwith70osurveyorseelingthemarketwillcontinuetogrowthroughout2014.CoupledwithincreasedoccupierdemandinvirtuallyallpropertytypesandbackedupbythelatestRICSCommercialPropertyReportitisclearthatthesectorhasturnedthecornerandcannowlookorwardtosomesenseostability.InthelastissueothismagazineIsuggestedthatwemightlookbackon2013asthestartotherecovery.Thisappearstobethecasebutsucharapidimprovementcarriesitsownproblems.Mostsurveyorsarecomplainingoalackostockdevelopersinsomeareasarenervoustocommencespeculativedevelopmentandsoweseethefrstsignsogrowingpainsorthesector.Thegoodnewsisthatiyouownpropertytheseconditionsshouldstarttoseevaluesimprovingandincentivesdemandedbytenantsgenerallyalling.Itmighttakesometimetoflterthroughallregionsbutthesignsareencouraging.Anotherareathathasseenchangeisthewayinwhichlandlordsareabletopursuerentarrears.GoneisthelandlordsabilitytodistraintakegoodsandsellthemthishasbeenreplacedbyCRAR.Thismethodrequiresthelandlordtonotiythetenantsevendayspriorthattheyintendtoseizegoodsnotsurprisinglymostmanagingagentssuspectsuchanoticewillresultintenantsremovingthegoodsthemselvesleavingthelandlordwithnothingtotake.Itisevenmorecriticalthatlandlordsensurerentarrearsaredealtwithquicklyandarenotallowedtobuildup.Theindustrycontinuestoabsorbpressuresromallsectorsothemarketoncommoditypricesweathersubsidyreviewsandmanyothers.ItisworthjustconsideringthatmutteringscontinuewithregardstoAgriculturalPropertyRelieandthepotentialimplicationsthatthishasintheindustryshoulditbealteredorremovedaltogether.Landownersneedtobemindulothismovingorwardandthestructuresorin-handarmingarrangementsalongwithinvestmentstoprotectareliethatisattheverycoreotheruraleconomyanditssaeguardingortheuture.Thelandmarketremainsbuoyantwithlocationbeingkeytovalueashasalwaysbeenthecase.WehaveseenthelargestagriculturalportoliobusinesstobebroughttothemarketoragenerationintheormoCo-opFarmCareandatthetimeowritingoerswillhavebeenmadebythoseinterested.Itwillbeinterestingtoseethelevelocommitmenttotheagriculturalindustryoraportoliocomprisingjustunder40000acres.TheresultothissalewillprovideakeyindicationastotheglobalappealandvalueoUKagriculturegoingorward.TheruralconsultancysectoroFisherGermanhasseengoodgrowthsecuringanumberomajornewcontractsrangingromgovernmentorganisationstoPLCsandprivateclients.Thisgivesustheconfdencethatouradviceremainsattheorerontotheindustrycoupledwithbothefciencyandvalueormoney.Withbothnewandretainedclientsweareabletonavigatecomplexitiesthatasectorsuchasthisprovides.ForfurtherinformationcontactRichardBensonon01530567466oremailrichard.bensonshergerman.co.ukForfurtherinformationcontactDavidMertonon01530410806oremaildavid.mertonshergerman.co.ukForfurtherinformationcontactStuartFlinton07501720422oremailstuart.fintshergerman.co.ukSectorinsight32fishergermanmagazine sECTorspoTliGHTBuildbuildbuildKevinBensonheadocommercialSaetycomesfrstAndrewBridgeheadoutilitiesinrastructureActasttogetfnancialsupportMarkNewtonheadorenewableenergyHousepricescontinuetorisepositiveplanningpoliciescontinuetosupporttheconstructiononewhousesandthereisalackoexistingresidentialstockitisagreattimetobeahousebuilder.Notwithstandingtheoutcomeothe2015electionitisextremelylikelythatcurrenttrendswillcontinueinto2016andbeyond.Developerinterestinlandremainsstrongandcompetitionhasincreasedresultinginrelativelyhighlandvaluesbeingachieved.Residentialdevelopmentisurthersupportedbytherecentlyintroducedpriornotifcationsystemorconversionoredundantagriculturalbuildings.Whilsttherearestillhoopstojumpthroughnowisthetimetoconsiderhowbesttoincreasethevalueoexistingdormantbuildings.Therearesomenegatives.Ashortageobuildingmaterialsduetoglobaldemandandincreasinglabourcostsduetoalackoskilledlabouraredrivingupconstructioncostsresultinginpotentialdevelopmentsitevaluesbeingpeggedbackandreducedmargins.Theseactorsshouldalsobeborneinmindwhenconsideringworktoexistingbuildingsandwithregardtoincreasingbuildinginsurancereinstatementvalues.Growthandactivityhasbeenlessdramaticinotherareas.DespiteanumberoincentivesthetighteningorulesandcomplexormulaehavereducedtheimpactoschemessuchastheAnnualInvestmentAllowanceandtheBusinessPremisesRenovationAllowance.Investmentininrastructurehasbeenorthcoming.Howevergovernmentspendingonexistingpremisesremainsminimal.ForexampletheEducationFundingAgencysnationalsurveyoschoolscontinuesbutitremainstobeseenithiswillresultinsubstantialrepairreurbishmentextensionandnewbuildprojects.Aspositivitybuildsineconomiccommentaryandrecessionarydiscussionadesactivityintheurbanandruralenvironmentgatherspace.Withdevelopmentincreasingandgrowthinchangeousebeingsoughtonlandincreasingpressureisplacedonexistinginrastructureandutilitycorridors.SaetyremainsoneothecorevaluesotheindustryandashighlightedintherecentlypublishedHealthandSaetyGuidanceNoteHSG47allpartieswithinthecontractsupplychainhavearesponsibilitytoworksaely.Whilstmostpeoplewillautomaticallyseethemainriskbeingthoseworkinginthehighwaylandownersoccupiersandcontractorsremainasignifcantriskwhenreviewingdamagetoapparatusrunningoverthirdpartyland.Therangesoworksthatcanimpactonapipelinevarydramaticallywhethercleaningaditchtoconstructinganewboundaryence.Howevertheconsequencescanbesignifcant.Utilityandinrastructureownersbeneftrommanylandownersandoccupiersbeingtheireyesandearsonthegroundkeepingtheirpipesandcablessae.Thispositiveworkingrelationshipishighlyvaluedandcommunicationremainskeytoraisingawarenessandensuringsaeworkingpracticesareadopted.Thecoalitioncametopowersayingthattheyweregoingtobethegreenestgovernmentever.Thecountryiscurrentlyproducingabout12renewableenergyandweareontargettoreachthe20targetoallenergycomingromrenewablesby2020.Howeverwithanelectionloomingthegovernmentisnowconcernedthatonshorewindandsolarparksarenotwinningthemvotesinmarginalruralareassotheyaremakingplanningmuchmoredifcultoronshorewindarmsandsolarparks.Wehavealreadyseen20degressionintheFiTssupportpaymentsorwindinApril.Wemayseeanother10degressioninOctoberandthesamecouldhappennextyear.Windturbinesbelow50kWareunviableandthiswillhappentolargerwindturbinesastheratesreduce.Thegovernmenthasrecentlyannouncedaconsultationonsupportorsolarparkswhichtheyseeasthenextrenewablegettingoutocontrol.Itisproposedthatsolarparksover5MW2530acreswillnolongergetROCsupportrom1April2015butwillhavetobidorContractorDierencesupportwhichwillonlybeor15yearsratherthanROCsor20years.Thegovernmentwantstoseesmall-tomedium-scalesolaronroosratherthaninfelds.SmallerADplantsandhydrohavealsohadsupportreduced.Themessagehasalwaysbeenwithrenewablestogetyourprojectsbuiltassoonaspossibletogetthecurrenthigherfnancialsupport.Returnso20arestillpossible.ThegoodnewsisthenewRenewableHeatIncentiveRHIorprivatedomesticpropertieshasbeenintroducedasthesupportorcommercialRHIhasbeenverypopular.FheGemanectheadkfwadtwhateaheadfthemandtcentForfurtherinformationcontactMarkNewtonon01858411215oremailmark.newtonfshergerman.co.ukForfurtherinformationcontactAndrewBridgeon01530410828oremailandrew.bridgefshergerman.co.ukForfurtherinformationcontactKevinBensonon01777719148oremailkevin.bensonfshergerman.co.ukishergermanmagazine33 FisherGermansectors1stHelePhone01744451145sthelensshergerman.co.ukRainforHaCrankRoaWA117RP2ChetePhone01244409660chestershergerman.co.uk4VicarslaneCH11QU3KutfodPhone01565757970knutsfordshergerman.co.uk2RoyaCourtTattonStreetWA166EN4staffodPhone01785220044staffordshergerman.co.uk2RutherforCourtST180GP5retfodPhone01777709943retfordshergerman.co.uk21ExchangeStreetdN226Bl6newakPhone01636642500newarkshergerman.co.uk12HalifaxCourtFernwooBusinessParkCrosslaneNG243JPCotactdetailfoFiheGema15atioalofceSectordirectoryCommecialanortenantpropertymanagementsaesettingsteecommunicationsCotactKeviBeokevi.beohegema.co.ukplaigcotuctioappicationsappeasarchitecturaesignbuiingsurveyingeveopmentpromotionenvironmentamanagementprojectmanagementContactRicharBensonrichard.bensonshergerman.co.ukpoetyagecyauctionseveopmentequestrianestatesfarmsananresientiaContactStuartFintstuart.intshergerman.co.ukreewableeegyanaerobicigestionbiomasseco-frienybuiingshyrosoarpvwinenergyContactMarkNewtonmark.newtonshergerman.co.ukrualcoultacycompusorypurchaseestatesexpertwitnessfarmsruravauationssportingContactDavidMertondavid.mertonshergerman.co.ukUtilitieifatuctueeectricitybreopticsgaslinesearch.orgoichemicaswaterContactAnrewBrigeandrew.bridgeshergerman.co.uk34fishergermanmagazine 9BgvePhne01527575525bromsgroveshergerman.co.uk8NewRaB602Jd11BanbuyPhne01295271555banburyshergerman.co.uk50SuthBaroX169AB12ThaePhne01844212004thameshergerman.co.uk17HighStreetoX92BZ13HungefdPhne01488662750hungerfordshergerman.co.ukTheCuttings120HighStreetRG170lU14CantebuyPhne01227477877canterburyshergerman.co.ukCourtLodgeFarmOfcesGmershamParkCT47dT7Ahby-de-a-ZuchPhne01530412821ashbyshergerman.co.ukTheGrange80TamwrthRaLE652BY8maketHabughPhne01858410200harboroughshergerman.co.uk40HighStreetlE167NXsECTorspoTliGHT10wceteuaPhne01905453275worcestershergerman.co.uk2BirchCurtBackpeEastWR38SGwceteagencyPhne01905726220worcesteragencyshergerman.co.ukCityWesHuseSiburyWR12HZFrmreinfrmatinvisit.hegean.c.uk1245678931011121314fishergermanmagazine35 www.fishergerman.co.uk