- Jul 10, 2003
- 27,750
64% of farms in the UK are under 100 acres (50% under 50 acres).
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[News] Farmers
- Thread starter Harry Wilson's tackle
- Start date
64% of farms in the UK are under 100 acres (50% under 50 acres).
Bold Seagull
strong and stable with me, or...
But a huge portion of farms are 50 acres of less, with 10% or so in different regions under 15 acres. https://www.gov.uk/government/statistics/agricultural-facts-england-regional-profiles/agricultural-facts-summary#:~:text=The average English farm size,vary considerably across England's regions.
Let's say £8k per acre, someone could own a 25 acre farm for £200k. That is barely a 2 bed flat in Brighton.
People are furious that their cushy little tax loophole is closing.
Film at 11.
Film at 11.
BS34 Seagull
Member
Sky’s coverage of the Farmers protest today.
ROSM
Well-known member
I didn't say he was. But in the legal terms he is an expert witness.
Since1982
Well-known member
It's really not spite, it's fact that decisions like Brexit have consequences.
What about somewhere to live ? Equipment ? Livestock ? Vehicles ?
…..and then when you’ve got all that, 60-80 hours a week, on call 24/7 to make - in most cases - very little money.
RandyWanger
Je suis rôti de boeuf
A lot of people woke up and took the blue pill again I see.
Just a few bullet points from me.
- Is food less secure when produced by a tenant farmer rather than a land owning farmer?
- Do sugar beet and grouse moors contribute to food security?
- Understanding that farming is a 7 day a week and seasonal business. Why is there no time anywhere in the year to think about succession planning. It seems like it should be a priority, maybe even a higher priority than driving to that London on a tractor.
- Why do I wake up to Farming Today on the radio, when day after day all they ever have on is moaning farmers?
Weststander
Well-known member
Farmers would've voted in different ways. It's mentioned in a spiteful, not cerebral, way in these recent discussions about IHT. In the same way that 2.38m pensioners should be cold this winter because more of the older demographic voted for Brexit, payback,
Huge amount of farms rent further land from large land owners. Also many of these small farms are hobby farms, such as mine were. They still produce but small scale. Many like mine never make a penny profit.
The average farm is over 200 acres.
- Thread starter
- #112
I'd support that.
Sadly about 30 million would be howling for blood, and Labour wouldn't have been elected anyway had that been in the manifesto, and we'd have tiny Sunk grinning about the place, still.
What this nation wants is low taxes, It is what the nation has been indoctrinated into expecting. It is the warm reward for all the other tomfoolery a government pursues.
Ironic that total tax burden went up under the Tories (albeit a lot of this was due to Covid - not their fault and, er, Brixit, which was). And yet they are still successfully presenting themselves as the party of low tax.
I regret that Labour are having to pick off soft targets while hoping the rest of the nation won't notice, but it is what we appear to want.
And just imagine if Labour decide to risk a tax increase across the board in their manifesto in four and a half years? They will be defenestrated.
As always we get the governments we deserve.
fly high
Well-known member
Very few of them ended up in prison & only arrested after weeks of protest.
Pilling more on income tax is a terrible idea. There is a complete inbalance between earned income and unearned income and this for me is a step in the right direction. I hope there are more measures to follow and that unltimately tax paid on income will begin to fall.
Just scroll back through this thread....
Bold Seagull
strong and stable with me, or...
I'm not disputing how hard it is, but there has to be an aspiration for young people not born into a farm can become farm owners? I'm merely suggesting this IHT rule potentially helps that not hinders it.
I'm not seeing much in the way of articles about how young people can be bought into farming other than inheritance.
We can go back to Clarkson's Farm in a good light, Kaleb clearly worked his arse off farming for him and his young family with an aspiration to run his own farm, while Clarkson sits on 1000 acres because he doesn't want to pay any IHT...
- Thread starter
- #117
All changes are sudden by definition.
When their introduction is arranged over years then the impact can be mitigated, as others have explained.
So I am not 'wrong'.
It was not a flippant post and a lot of the mitigations I refer to are covered in this thread. Above all, I just think it's fair.
- Thread starter
- #120
Not a business model I'd embrace.
I wonder how it works for a fisherman who own a boat and wants to pass it on to his son?
Would he be exempt if his boat was worth less than a million quid?