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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
AHA Rents, DFRA “Farming is Changing” and "No Deal" Brexit
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<blockquote data-quote="Austin7" data-source="post: 6534821" data-attributes="member: 42100"><p>The first thing we have to say is that the devil will be in the detail. I expect that we will look back fondly at the simplicity of the current scheme. However DEFRA have clearly stated that ELMS will not be a back door subsidy. In WTO terms this would not even feature as a Green Box support. Taking the DEFRA statement at face value ELMS income would equal ELMS costs plus farming income foregone. Any additional "profit" to the farmer would only occur my taking advantage of the ability to use marginal land. Obviously it would not produce a loss and probably a small but difficult to measure gain. I look forward to an interesting discussion with my Landlords Agent. Overall my point stands that the current Agriculture Bill will mean that Agricultural support which has held up rents for so long will no longer figure in the same way as it has, the inevitable consequence is that rents will drop substantially. However the current Agriculture Bill dies when Boris prorogues Parliament. What comes back post 31st October will depend on Deal or No Deal. If No Deal then I think the Government will be forced into some sort of intervention scheme, so back to the 1947 Act. The current burden of Brussels red tape will be fond memory.</p></blockquote><p></p>
[QUOTE="Austin7, post: 6534821, member: 42100"] The first thing we have to say is that the devil will be in the detail. I expect that we will look back fondly at the simplicity of the current scheme. However DEFRA have clearly stated that ELMS will not be a back door subsidy. In WTO terms this would not even feature as a Green Box support. Taking the DEFRA statement at face value ELMS income would equal ELMS costs plus farming income foregone. Any additional "profit" to the farmer would only occur my taking advantage of the ability to use marginal land. Obviously it would not produce a loss and probably a small but difficult to measure gain. I look forward to an interesting discussion with my Landlords Agent. Overall my point stands that the current Agriculture Bill will mean that Agricultural support which has held up rents for so long will no longer figure in the same way as it has, the inevitable consequence is that rents will drop substantially. However the current Agriculture Bill dies when Boris prorogues Parliament. What comes back post 31st October will depend on Deal or No Deal. If No Deal then I think the Government will be forced into some sort of intervention scheme, so back to the 1947 Act. The current burden of Brussels red tape will be fond memory. [/QUOTE]
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Farm Business
Tenant Farming, Subsidies, BPS & Legal Issues
AHA Rents, DFRA “Farming is Changing” and "No Deal" Brexit
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