Perhaps because you already made your mind up and you haven’t wanted to consider the many convincing arguments put forward on here and elsewhere.
But fair enough, we all do that from time to time and vive la difference!
So most of this if for environmental measures and is not a subsidy but a payment for lost income and a contribution towards the cost of doing it. What the gov term ‘public goods’.
Subsidies for actual farming went with Brexit
A good question that I didn't know the answer to, so I emailed a friend's father who was (now retired) a rural land agent around that time. I've simply cut and pasted his reply - its long but maybe of interest:
Farmland values had been largely static throughout the 20th century until the 1980s...
There are various ‘qualifying assets’ (land is one) in which you can reinvest your gains without paying any tax on them
https://www.gov.uk/business-asset-rollover-relief
For land prices to fall a few other things need to happen
- stop anybody being able to ‘roll over’ capital gains (this esp applies to profits from hedge funds and the like)
- stop pension funds investing in land as a safe haven
- limit the value that farmland can be sold for development
- stop...
I think we are more or less on the same page in that we need farmland to remain in the hands of people who will actually farm it (ie produce food for the nation). The 1%/50% reflects the fact that the majority of farmland is owned by the big institutions like the C of E, the Crown and various...
Only when it comes to things like housing. Planners cannot insist land is farmed only that you cannot do certain things. Planning is not required for horsiculture for example. The most likely reason wealthy non farmers will buy land (apart from the IHT breaks and the possibility of development)...
You miss the most serious point here. Land that is sold will not be bought up and farmed by a wannabee farmer because the purchase price (c.£12000/acre) makes it impossible to earn a living from farming (typical arable output before the deduction of any costs is c£500/acre p.a.). Therefore the...
On a rather nice non controversial note, protesting farmers were asked to bring produce with them and donate to a food bank set up especially by City Harvest. The latter say they have been ‘overwhelmed’ and the donations will be distributed to 400 food banks across London.
Whether or not you...
My understanding is that IHT will apply to farmland in Ltd cos too. But even if I am wrong, for smaller family farms becoming a Ltd co adds a lot of costs and complications for businesses that are already making small profits. Another issue is that a farmhouse in a company would be subject to...
Many countries around the world have massively lower production costs than the uk (no idea specifically about Chile) due to everything from wages, legislation and land costs to environmental and welfare standards. Furthermore, most countries subsidise their farmers, we no longer do in the Uk...
Reflects the age strata of farmers at the time. However, it is worth noting that the NFU and the majority of farmers were in favour of subsidies being removed (the main consequence of leaving the NFU) in favour of simply being paid a fair price (ie above, not below, the cost of production)...
This is correct. Therefore the right approach would be for some form of mechanism that closes this loop hole but enables proper working farms to be passed down to proper working farming members of proper working farmers. The gov have failed to work this out and now are refusing to admit that...
What a load of uninformed twaddle!
The value of a farm has nothing to do with the earning capacity and if it is passed down through generations its value is essentially meaningless. The average return on capital in farming is less than 1%. There is no other industry that could survive on that...