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[News] Farmers



Harry Wilson's tackle

Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
56,337
Faversham
Nicky Campbell's phone-in this morning is on farming.

There is a bus load of farmers on their way to London to protest against the introduction of some inheritance tax for farmers.

Crikey, what an entitled bunch.

They seem to have lived a simple life, with 'very little income' (some saying a few tens of thousands of pounds profit a year), but if their farm is worth more than three million pounds then, as a married couple, they will be liable to 20% inheritance tax (half what you and I pay), with this change coming in a couple of years, if they 'do nothing' to mitigate against the change.

Apparently farming is 'not a commercial business'. This means it is some sort of vocation, with little reward, that is offset by not having to think about anything, such as investment, saving, pensions and money in general.

And it's not fair.

Well, diddums.

A caller has pointed out that all that is needed is planning, but the farmers seem to think they shouldn't have to plan or think. OK, mates.

Final bleat: 'the government are taking away our way of life'. What did I do with that small onion I had in my pocket?
 




B

BLOCK F

Well-known member
Feb 26, 2009
6,726
Harry Wilson's tackle said:
Nicky Campbell's phone-in this morning is on farming.

There is a bus load of farmers on their way to London to protest against the introduction of some inheritance tax for farmers.

Crikey, what an entitled bunch.

They seem to have lived a simple life, with 'very little income' (some saying a few tens of thousands of pounds profit a year), but if their farm is worth more than three million pounds then, as a married couple, they will be liable to 20% inheritance tax (half what you and I pay), with this change coming in a couple of years, if they 'do nothing' to mitigate against the change.

Apparently farming is 'not a commercial business'. This means it is some sort of vocation, with little reward, that is offset by not having to think about anything, such as investment, saving, pensions and money in general.

And it's not fair.

Well, diddums.

A caller has pointed out that all that is needed is planning, but the farmers seem to think they shouldn't have to plan or think. OK, mates.

Final bleat: 'the government are taking away our way of life'. What did I do with that small onion I had in my pocket?
Click to expand...
I don’t know the current location of your onion, Harry, but if you repeated your post, in person, to a couple of farmers , I am pretty sure you would soon find said onion inside your fundamental orifice. In which case, you will be relieved to have only had a small onion.😉
 




Harry Wilson's tackle

Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
56,337
Faversham
BLOCK F said:
I don’t know the current location of your onion, Harry, but if you repeated your post, in person, to a couple of farmers , I am pretty sure you would soon find said onion inside your fundamental orifice. In which case, you will be relieved to have only had a small onion.😉
Click to expand...
I would fully expect it.

And I am not optimistic that my conversations with some turkey's about Christmas will go down all that well, either.

Nevertheless.....
 
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Harry Wilson's tackle

Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
56,337
Faversham




PILTDOWN MAN

PILTDOWN MAN

Well-known member
NSC Patron
Sep 15, 2004
19,648
Hurst Green


Harry Wilson's tackle

Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
56,337
Faversham
CHAPPERS said:
The tax is also payable over ten years interest free.

Doesn't seem perfect, mind.
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According to a farmer on the radio, farmers are paying 'twice as much as everyone else'.

Crikey.

Every day is a school day.
 






Harry Wilson's tackle

Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
56,337
Faversham




beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,035
on the one hand the farmers may be over playing it.
on the other hand it's a crass policy to deal with one problem, that has consequences for thousands of farmers, and the original issue should have been dealt with better directly.

and it is thousands, government casually dismissing 500 farms a year affected are overlooking the long term and the families involved. also it's £1m value, there is no spouse transfer of this allowance. a relativly modest farm ~100 acres would be included.

what will happen is farms get trimmed smaller to avoid the IHT, making some less viable. a lot of small holding perhaps for weekend farmers, or rewilding while we import more food?
 
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M

Mellor 3 Ward 4

Well-known member
Jul 27, 2004
10,280
saaf of the water
Harry Wilson's tackle said:
Nicky Campbell's phone-in this morning is on farming.

There is a bus load of farmers on their way to London to protest against the introduction of some inheritance tax for farmers.

Crikey, what an entitled bunch.

They seem to have lived a simple life, with 'very little income' (some saying a few tens of thousands of pounds profit a year), but if their farm is worth more than three million pounds then, as a married couple, they will be liable to 20% inheritance tax (half what you and I pay), with this change coming in a couple of years, if they 'do nothing' to mitigate against the change.

Apparently farming is 'not a commercial business'. This means it is some sort of vocation, with little reward, that is offset by not having to think about anything, such as investment, saving, pensions and money in general.

And it's not fair.

Well, diddums.

A caller has pointed out that all that is needed is planning, but the farmers seem to think they shouldn't have to plan or think. OK, mates.

Final bleat: 'the government are taking away our way of life'. What did I do with that small onion I had in my pocket?
Click to expand...
I'm with the farmers on this.
 


MJsGhost

MJsGhost

Oooh Matron, I'm an
NSC Patron
Jun 26, 2009
5,030
East
Harry Wilson's tackle said:
Anyway, Farmers have been buggered by Brexit apparently.

According to, er, farmers.

www.fwi.co.uk

Analysis: 7 years after Brexit, farmers count the cost - Farmers Weekly

Increased red tape, a worsening economic situation, damaging free-trade deals, a trail of broken promises – it seems that farmers and those working in the
www.fwi.co.uk www.fwi.co.uk
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I remember a pre-Brexit pub chat with a local farmer. He was pro-Brexit, but didn't see my argument that the ending of EU subsidies was likely to be a massive loss to his industry, so he was a turkey voting for Christmas.
He believed that all the support would be replaced and it would be a better system as it would be more locally managed (rather than those unelected bureaucrats in Brussels...)

I wonder what he thinks now.
 


Weststander

Weststander

Well-known member
Aug 25, 2011
69,447
Withdean area
Reeves took a hammer to crack a tax avoidance ‘nut’. Some say it’s spite against a non Labour cohort.

Discussed even on nsc pre budget. There are two types of rural landowner. Genuine farmers who own and farm the land, very often for generations. The land has significant value despite modest profits because rich folk or house builders want to buy it up. I’ve seen farmers accounts showing the modest profits, I doubt anyone else here has. Supermarkets have all the power.

Then wealthy tax avoiders such as Clarkson.

On future deaths both categories will be required to pay substantial IHT. Category 1 do not have the cash.

Requiring the selling up of land and businesses.

We know 2024 Brits don’t want to work crazy hours, pre Brexit we relied on harder working foreigners to do that, post pandemic millions including teens/20’s have said fck the rat rice I want to enjoy life.

So who’s going to replace the farmers selling up? In the mid to long term this will damage the fabric of our countryside, a load of non farming chancers will buy up land, scar it in furtive attempts to get planning for a home or three, we may well have to import more food.

Bizarrely this is ideological from the left. On NC’s phone on this a few weeks ago, a couple of callers said spitefully it’s payback for the farmers being quiet in the 1984 miners strike, another for challenging Labour on fuel prices in 2001. WTF! The internet has created a load of weirdos at both ends of the political spectrum.
 










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