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SFP entitlements in demand

The sale of Single Farm Payment entitlements, met an excellent enquiry at Aberdeen and Northern Marts' Thainstone Centre, Inverurie, last week, despite the uncertainties relating to the CAP reforms.

In all, 11 lots from 13 forward were sold with strong bidding, especially on-line, which saw five lots sell to buyers using the ANM e-bid Internet system.

The 264.53 units sold produced an average multiplier rate of 1.8, using the standard euro conversion rate of 0.79805.

The top multiplier was 2.2 for a lot of 0.95 units with a euro value of €692.59, which sold for the sale's leading price of £1240 per unit.

A lot of 5.33 units with a euro value of €735.46 sold for £1220 per unit for a multiplier of 2.1.

Two other lots also sold for a multiplier of 2.1 – the first a lot of 41.75 units with a euro value of €51.73, which sold for £88 per unit and the second, a lot of 16.42 units with a euro value of €372.43, which sold for £630 per unit.

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