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[News] Farmers
- Thread starter Harry Wilson's tackle
- Start date
Thunder Bolt
Silly old bat
According to the NFU, the farmers voted 52/48 so identical to the rest of the country.
chip
Well-known member
yes, it makes you wonder why they didn't do exactly that.
Since1982
Well-known member
You obviously know my mind better than I do. Well done you.
ROSM
Well-known member
And this is the issue - there is so much that cause issues to farmers that I am surprised this is the hill they are now fighting on.
The irony is that the 40bn black hole is aligned to the 40bn a year that is now estimated to have been lost due to Brexit (pretty much as forecast by Osborne and Mark carney back in 2015/16)
I suggested earlier it's the straw that's broken the camel's back - I guess all of the other issues are a piecemeal collection that combined (over many years) have made life increasingly difficult, but this is a new, headline change by a new government so presents an opportunity to kick up a fuss.
Uter
Well-known member
Reading this thread I was wondering about exactly this, i.e. why is there seemingly such a big disconnect between the value of farms and their profitability. I assumed it was the tax loophole that had artificially inflated their value and you are similarly minded. I feel some sympathy for farmers, but I think it's only right that this loophole is closed. It should see the price of farmland eventually return to something more in line with it's value as a productive business.
I think on the one hand the Inheritance tax policy could have been better communicated. On the other hand, a group that claims to be impoverished - and I am sure there are some that do need support and the retail industry has shafted a lot of them over the years - but has Jeremy Clarkson as their celebrity spokesperson, may have difficulty acquiring the nation's sympathy.
- Thread starter
- #169
Nonsense. You have just hitched a ride on the hysteria bus by the sound of it.
There is plenty of balance on the thread. Even posts I consider too left wing for my preference. The true implications have been explained by others who have taken the time to dig out the facts.
I admit I put a spin on the opening post, but if you read between the lines, there is a serious point. We can't all hire a bus so we can scream at parliament every time the government does something we don't like. I have the same scorn for the protesting farmers as I had for the 'just stop oil' loonies (and the poll tax rioters for that matter), albeit the latter are worse by dint of the disruption they caused.
Perhaps if farmers hadn't so overwhelmingly voted to leave the EU (and thereby kiss goodbye to all their subsidies) they'd have less to worry about. And I read about all the farmers and their lot ad nauseam in Private Eye, going back over decades. Not exactly a left wing rag, but one that once published a cartoon of a woman in wellies and headscarf, with a shotgun, and the caption "Give us our subsidies, and git orf my land". Harsh, but....
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nicko31
Well-known member
There are far bigger challenges for farmers that are alive than dead ones. But people were weird about Inheritance, its not just farmers
There are far bigger issues like the trade sanctions on exporting British product to our largest trading partner 22 miles off Dover. Business has been badly effected and Chinese "Pork Markets" have not materialised
ROSM
Well-known member
Agree totally. The question is, now this change has been announced, will people like Clarkson look to offload their land. Will prices return to their more natural trajectory and if so, if either or both happen, will this reduce the numbers who will be subject to IHT?
- Thread starter
- #172
I agree.
That said, no amount of mansplaining would mollify the farmers, judging by all the 'birthright' twaddle I heard spouted on the radio earlier.
Sometimes it may be best to just get on with it. At least labour can't be accused of bullshit spin.
Starmer is emerging as someone with a complete charisma bypass. This suits me fine.
The alternative, seeing the farmers being soft-soaped by Johnson till they literally come with joy at at the prospect of 'doing our bit in these difficult times caused by the last labour government' would have been a tough watch.
Worth pointing out at this juncture that the UK has not been remotely self-sufficient for food since the late 18th century.
Hence the whole Empire thing and rationing during the war.
Should certainly impact agricultural land values...............if there's no longer a tax advantage then the wealthy aren't going to be buying farms (and will presumably be selling, although not sure there will be many buyers around). Probably won't impact IHT much either way as if the numbers are to be believed very few were going to be caught anyway
Maybe it's a cunning plan - close the tax loophole, get the land returned to real farmers and then exempt them from IHT again............
Butch Willykins
Well-known member
" I’ve seen the big-eared boys on farms"
Uter
Well-known member
Yeah, I guess land prices could start tumbling now.Should certainly impact agricultural land values...............if there's no longer a tax advantage then the wealthy aren't going to be buying farms (and will presumably be selling, although not sure there will be many buyers around). Probably won't impact IHT much either way as if the numbers are to be believed very few were going to be caught anyway
- Oct 17, 2008
- 15,023
You’re a big posh sod with plums in your mouth.
Ten minutes into this from the economics/tax/inequality Professor Arun Advani from the University of Warwick (certainly no right winger) on why genuine new entrants can't go into farming. They're outgunned on price by those buying up farmland to shelter wealth. Worth a listen.
warwick.ac.uk
www.globalplayer.com
Good piece. He explained the two categories of; the tax avoiding wealthy who've bought huge tracts of land in recent times, versus genuine farmers who make modest profits in a low margin industry. He touched on the former should possibly have lost all reliefs, to me that should've happened.
Arun Advani
warwick.ac.uk
LBC UK - Listen Live | Global Player
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www.globalplayer.com
Good piece. He explained the two categories of; the tax avoiding wealthy who've bought huge tracts of land in recent times, versus genuine farmers who make modest profits in a low margin industry. He touched on the former should possibly have lost all reliefs, to me that should've happened.
Rdodge30
Well-known member
- Dec 30, 2022
- 772
ManOfSussex
We wunt be druv
You have big sheds, but nobody's allowed in. And inside these big sheds are twenty-foot-high chickens, because of all the chemicals you've put in 'em, and these chickens are scared! They don't know why they're so big! They go "Oh, why am I so massive?" And they're looking down at all the other little chickens and they think they're in an aeroplane because all the other chickens are so small.