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Farm Business
Agricultural Matters
Farm Subsidies......expand or GET OUT???
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<blockquote data-quote="Aspiring Peasants" data-source="post: 9053202" data-attributes="member: 198"><p>Well after an interesting read through that this is my pennysworth</p><p></p><p>Turnover is vanity, profit is sanity. Speaks for itself.</p><p></p><p>If you have a small farm that for sake of argument makes £20,000 per year from farming it, but you want £40,000 per year, then diversifying is not subsidising the farming. I agree, it shouldn’t be subsidising the farming, and that needs carefully watching but keeping it as one business can have useful tax advantages. </p><p></p><p>Subsidies are needed if the country wants a good level of self sufficiency in food, at prices to the consumer which are below the cost of production. If they don’t want that, then a farm business needs to look at doing things differently. Any business has to do the best it can in the commercial conditions it faces. It’s been like this before.</p><p></p><p>I’m actually quite relieved given the low level of understanding in government about the relationship between farming and food production that SFI is there. They don’t have to provide anything. They could just have legislated to achieve what they think they want as is starting to happen in the EU. That doesn’t mean we don’t fight and lobby for it to be done differently, the discrepancy between lowland and up land payments being a prime example.</p><p></p><p>A business has to use whatever assets it has (including non farming ones) for best advantage. For example buy land or put up buildings? The buildings will produce an immediate return whereas the land won’t to the same degree. But, in 10 years the land has doubled and the building needs money spending on it. I personally think the best business decision in that situation is buy the land , farm in a simple low cost way and generate some more income from something else. Others will see it differently, but you need to look at your land, other assets, cash as a business instead of a farm</p></blockquote><p></p>
[QUOTE="Aspiring Peasants, post: 9053202, member: 198"] Well after an interesting read through that this is my pennysworth Turnover is vanity, profit is sanity. Speaks for itself. If you have a small farm that for sake of argument makes £20,000 per year from farming it, but you want £40,000 per year, then diversifying is not subsidising the farming. I agree, it shouldn’t be subsidising the farming, and that needs carefully watching but keeping it as one business can have useful tax advantages. Subsidies are needed if the country wants a good level of self sufficiency in food, at prices to the consumer which are below the cost of production. If they don’t want that, then a farm business needs to look at doing things differently. Any business has to do the best it can in the commercial conditions it faces. It’s been like this before. I’m actually quite relieved given the low level of understanding in government about the relationship between farming and food production that SFI is there. They don’t have to provide anything. They could just have legislated to achieve what they think they want as is starting to happen in the EU. That doesn’t mean we don’t fight and lobby for it to be done differently, the discrepancy between lowland and up land payments being a prime example. A business has to use whatever assets it has (including non farming ones) for best advantage. For example buy land or put up buildings? The buildings will produce an immediate return whereas the land won’t to the same degree. But, in 10 years the land has doubled and the building needs money spending on it. I personally think the best business decision in that situation is buy the land , farm in a simple low cost way and generate some more income from something else. Others will see it differently, but you need to look at your land, other assets, cash as a business instead of a farm [/QUOTE]
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