TFA calls for reduction in rents for farm tenancies

The Tenant Farmers Association (TFA) has said the time has come for landlords to expect to see reductions in farm rents particularly for farm tenancies regulated by the Agricultural Holdings Act 1986.

Over the past few years, rent increases have been the clear expectation of landlords and their agents, but with continuing low returns across all sectors of agriculture, many more standstills have been agreed during this year’s rent review than over recent years.

Should the current economic conditions within agriculture continue, rent reductions should be the order of the day for rent reviews later in the year.

TFA chief executive George Dunn said: “Landlords concerned about the long-term sustainability of their estates need to think differently and not necessarily slavishly follow the short-term bias of their agents who might simply be looking for the next fee.”