Land to rent in The Kingsdon Estate, Kingsdon, Somerton, Somerset TA11
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- Contract Farming Opportunity
- 806 acres
- Offered as a whole or in two lots
- Tender closing date 10th August 2018
The land at The Kingsdon Estate is offered on a 6 year Contract Farming Agreement (cfa) as a whole or in two lots. The estate is seeking a suitable local Contractor for the arable enterprise for a minimum of six harvests.
The Kingsdon Estate is situated 3 miles south east of Somerton in a picturesque rural location, in the heart of Somerset with easy access to the A303.
The soil is a mixture of lime-rich loamy and clayey soils and shallow lime-rich soils over chalk or limestone to the south of the village, slightly acidic loamy and clayey soil towards the east. To the north of the village it is shallow lime-rich soil over chalk or limestone and slightly acid loamy and clayey adjoining the river.
The land is classified as mainly Grade 3 with some small areas of Grade 4. Part of the land is in a Surface Water Nitrate Vulnerable Zone.
Lot 1 – 535.12 acres (216.54 hectares) of arable land. Option is available on the pasture land extending to 28.45 acres (11.51 hectares) and concrete yard with three bay concrete framed hay barn adjacent to Bondip Hill (B3151).
Lot 2 – 271.61 acres (109.91 hectares) of arable land. Option is available on the pasture land extending to 42.11 acres (17.05 hectares) and a timber framed four bay cattle/hay shed which is situated at the junction of Nuthill Lane with Mill Lane.
The land is currently let on Farm Business Tenancies which expire on 29th September 2018. The farming system has been arable rotations including wheat, barley, oilseed rape, beans and maize with average yields typical for the region.
Basic Payment Scheme and Stewardship Schemes
Basic Payment Scheme entitlements will be purchased by the owner of Kingsdon Estate. The value of Basic Payments in respect of the net cropped arable land for each year of the Contract will be included as income for the calculation of the Divisible Surplus.
None of the land is currently entered into a Countryside Stewardship Scheme however if the Farmer and Contractor decide to enter into a scheme the income will be included for the calculation of the Divisible Surplus.
The hedges and ditches will be maintained by the Contractor at an agreed rate on a per acre basis of the land under the cfa agreement. This will be included as part of the costs incurred and therefore deducted from the Divisible Surplus.
Sporting rights are leased to a local shoot, game covers are permanent and excluded from the net arable area.
Please note there will be a restriction on growing maize in field numbers 2006,5900 & 7916.
Contract Farming Agreement (cfa)
The cfa will commence on 1st October 2018 and will continue, subject to a break clause at year 3, for a minimum of six years to 30 September 2024.
The Contractor will provide contracting services to include labour, machinery, crop management expertise and crop marketing.
A draft of the proposed cfa is available from Greg Ridout at Symonds & Sampson on request.
There are no storage facilities on the farm. Off farm storage and drying costs will be borne by the Farmer.
The Farmer will provide a dedicated bank account for each year of the cfa for all purchase/cost and sales/income relating to the Agreement. The working capital will be provided by the Farmer through either bank overdraft or the Farmer’s own resources, annual bank arrangement fees will be charged to the Contract account along with a charge of 2% over the Bank of England base rate for working capital.
The Contractor’s remuneration will comprise:
• A fixed sum per annum (Contractor’s Basic Fee) based on an agreed rate per acre of the land cropped from year to year, fixed for three years, payable quarterly in arrears
• A proportion of the surplus after deduction of the Farmer’s charges (Farmers Basic Charge) being the costs incurred including the Contractor’s Basic Fee (referred to as the Contractor’s share of the Divisible Surplus)
Tenders are to be submitted on the approved form and to arrive no later than 12 noon on Friday 10 August 2018 at the offices of Symonds & Sampson, 2 Court Ash, Yeovil, Somerset, BA20 1HG. The envelope should be market “Kingsdon Estate Tender”
The Farmer is in no way bound to accept any or the highest tender. As much detail as possible should be provided in the tender to allow the Farmer to consider the quality of the proposal.
At the Podimore roundabout take the exit on to the A372, signposted Langport and Somerton. After ¾ of a mile the Lot 1 is situated on either side of this road leading up to Red Post Cross (the staggered junction). Lot 2 is approached by taking the right turn at Red Post Cross, onto the B3151 taking the first right onto Kingsdon Hill. The land is situated on either side of the road.
Viewing days to be held on Tuesday 24th July and Friday 27th July between 10am and 1pm
All viewings strictly by appointment with Symonds & Sampson.
Greg Ridout on or Rebecca Kaye on Symonds & Sampson llp, 2, Court Ash, Yeovil, Somerset BA20 1HG
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Symonds & Sampson - Yeovil, and do not constitute property particulars. Please contact Symonds & Sampson - Yeovil for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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