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Farm Business
Agricultural Matters
Agents’ cheery outlook post-BPS
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<blockquote data-quote="GeorgeK" data-source="post: 7370603" data-attributes="member: 106748"><p>I can see why he's respected, I'd say it's worth mulling over.</p><p><em>> £40K BPS will be £19k in 2024!! - </em><strong>Correct</strong></p><p><em>> New schemes (ELMS , Carbon trading, etc) collectively will not nearly replace BPS monetarily - </em><strong>Correct</strong></p><p><em>> 75% farms are NOT profitable w/o BPS. (obv depend on weather/prices) - </em><strong>I've seen various figures around 60-70%</strong></p><p><em>> Post Brexit exporting bureaucracy will incur costs which will be borne at the farmgate. Prices will be more volatile too - </em><strong>Hard to predict prices, but we can safely assume they won't increase to offset BPS loss</strong></p><p></p><p>As for his 3 types of farms I have thought similar, here are my 3 types:</p><p>1. Won't be taking government money. Investing to increase efficiency and productivity. Reducing costs.</p><p>2. Aiming to continue food production but hoping ELMS can be used to eliminate loss making or break even aspects of the business to ensure viability.</p><p>3. "I've been doing things the same way for 50 years, I won't be changing now." These farmers may have the wealth to subsidise a loss making operation, they may wind down slowly and the bits that get sold off will be enough to keep them solvent, or they may go bust.</p></blockquote><p></p>
[QUOTE="GeorgeK, post: 7370603, member: 106748"] I can see why he's respected, I'd say it's worth mulling over. [I]> £40K BPS will be £19k in 2024!! - [/I][B]Correct[/B] [I]> New schemes (ELMS , Carbon trading, etc) collectively will not nearly replace BPS monetarily - [/I][B]Correct[/B] [I]> 75% farms are NOT profitable w/o BPS. (obv depend on weather/prices) - [/I][B]I've seen various figures around 60-70%[/B] [I]> Post Brexit exporting bureaucracy will incur costs which will be borne at the farmgate. Prices will be more volatile too - [/I][B]Hard to predict prices, but we can safely assume they won't increase to offset BPS loss[/B] As for his 3 types of farms I have thought similar, here are my 3 types: 1. Won't be taking government money. Investing to increase efficiency and productivity. Reducing costs. 2. Aiming to continue food production but hoping ELMS can be used to eliminate loss making or break even aspects of the business to ensure viability. 3. "I've been doing things the same way for 50 years, I won't be changing now." These farmers may have the wealth to subsidise a loss making operation, they may wind down slowly and the bits that get sold off will be enough to keep them solvent, or they may go bust. [/QUOTE]
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Agents’ cheery outlook post-BPS
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