Farmers giving up due to Brexit?

[Dave645]

They wont because they all going to fall out.

That's what happens when you use one currency, and don't regulated member states.
I am just glad we never joined the euro.

 

[Brisel]

I don't think those figures are right. According to the EU's own website (here: http://ec.europa.eu/budget/figures/interactive/index_en.cfm) the EU budget was €145bn in 2015, and the UK's gross contribution to that budget was about €18bn (That's after our rebate, and we do receive some of the spending from the budget as well). But the UK does contribute over 12% of the total revenue the EU receives.

They will feel it when we (and our financial contribution) leave.

Thanks. I thought after posting that I should have refreshed my figures. Our net contribution should have said the contibution not allowed for our dosh received other than the Rebate.

When they all fall out over the collapse of the Euro they will blame us for the demise of their Federal dream, just like I blame Charles De Gaulle for blocking our part of it in the first place. Mind you, if we had joined at the beginning we would have had the Euro since day one and be in a very different state to the one we are in now. Germany's strong manufacturing economy and weak currency or France's crippling bureacracy or Italy's profligate spending and inflation???

 

[Brisel]

And it "The EU" is going to want to take €60bn as a divorce settlement.

That's the first 5 years of our freedom down the drain then before we can start to take back control.......

Don't forget the costs of administering Brexit on our side of the Channel too. Someone mentioned an additional 40,000 civil servants to extricate us and our laws from Brussels.

 

[exmoor dave]

And it "The EU" is going to want to take €60bn as a divorce settlement.

That's the first 5 years of our freedom down the drain then before we can start to take back control.......

They might want €60bn but you'd like to think Theresa and her gang might be able to wriggle a little way south of that figure before they sign the cheque?!

Let's not forget that a share of all EU assets are ours, so the €60bn being thrown about by the EU leadership is pretty pointless til we know what asset value we get in return surely?

 

[J 1177]

A group of Northumberland and Durham NFU members met Tony Blair and talked to him face to face in the depths of the foot and mouth outbreak in 2001.They were all irate and angry farmers,non labour supporters, wanting some answers.They could not detect any "acting" from Blair,and said that although he was no agricultural man,and at the start of their meeting did not have a clue,he soon got the brief,and the gist of what they were saying.He was genuinely concerned and postponed the forth coming general election.They were expecting to meet a red faced chap with horns and a pointy tale.Incidently,Nick Brown was invited to speak at the Northumberland AGM a year or two after and got a standing ovation.This from hardened north farmers,nearly all tory voting to a man.Unheard of for an inner city gay socialist MP. If you know the truth at first hand,you think differently about things.

Nick Brown is a thouroughly decent man and did his best to help. Blair on the other hand is the best actor this country has produced since Olivieir and should be at the hauge.

 

[Henarar]

Let's not forget that a share of all EU assets are ours, so the €60bn being thrown about by the EU leadership is pretty pointless til we know what asset value we get in return surely?

What the EU is worth something ? well you learn something every day

 

[Courier]

Let's not forget that a share of all EU assets are ours, so the €60bn being thrown about by the EU leadership is pretty pointless til we know what asset value we get in return surely?

In return we get what we voted for - we get back control [emoji79]

 

[Courier]

Don't forget the costs of administering Brexit on our side of the Channel too. Someone mentioned an additional 40,000 civil servants to extricate us and our laws from Brussels.

40,000 civil servants @ £40k for 10 years = £16bn in wages [emoji87]

 

[Robw54]

Older PP land is selling between £7-9k an acre depending on things like access, water and buildings.

I know little of arable dealings but as far as I'm aware good land is exceeding £11k an acre.

Somebody has confidence in agriculture (or inheritance tax rules )

Complete insanity. 110k for 10 acres that you might get a 1% return on to a farmer.

 

[exmoor dave]

In return we get what we voted for - we get back control [emoji79]

Well yeah I guess

Still be good to have a cut of assets!
There's plenty of nice buildings, a loan book..... maybe some cash,
Etc etc

 

[orchard]

Good thread, even had a guest appearance from @Bossfarmer which is always interesting.

Has the OP been back and contributed btw?

 

[Muck Spreader]

I don't think those figures are right. According to the EU's own website (here: http://ec.europa.eu/budget/figures/interactive/index_en.cfm) the EU budget was €145bn in 2015, and the UK's gross contribution to that budget was about €18bn (That's after our rebate, and we do receive some of the spending from the budget as well). But the UK does contribute over 12% of the total revenue the EU receives.

They will feel it when we (and our financial contribution) leave.

The £18 billion is Gross and before the £5 billion rebate = £13 billion for 2015. Less £4.5 billion for subs and infrastructure, leaves a net contribution of £8.5 Billion. But from this the EU also gives direct grants to universities research groups and private companies that can amount to several billion per year dropping it to around £7-7.5 billion per year.

 

[bankrupt]

Complete insanity. 110k for 10 acres that you might get a 1% return on to a farmer.

But if you've got 110k to shelter 5 years ahead of the Grim Reaper, Robw54, it's an 8% return.

https://www.theguardian.com/society/2015/sep/02/britain-farmland-tax-haven-reform

 

[kneedeep]

Well yeah I guess

Still be good to have a cut of assets!
There's plenty of nice buildings, a loan book..... maybe some cash,
Etc etc

Those assets and cash independently audited and accounted for by........


Oh,hang on!
[emoji57]

 

[roscoe erf]

Be cheaper to arrange a little accident than divorce

 

[Brisel]

Complete insanity. 110k for 10 acres that you might get a 1% return on to a farmer.

Don't forget the capital growth and tax benefits. Land price growth was £1k/acre/year for Grade 3 arable land in Lincolnshire for several years until recently.

 

[bankrupt]

Don't forget the capital growth and tax benefits. Land price growth was £1k/acre/year for Grade 3 arable land in Lincolnshire for several years until recently.

http://www.fendt.com/choose_country.asp

 

[Dave645]

Older PP land is selling between £7-9k an acre depending on things like access, water and buildings.

I know little of arable dealings but as far as I'm aware good land is exceeding £11k an acre.

Somebody has confidence in agriculture (or inheritance tax rules )

Grade 1 warp around here was changing hands at £18k/acre, but its top potatoes growing land. But the market has eased since then and there hasn't been any for sale since. It wasn't a farmer......it's rented out.

 

[Goweresque]

The £18 billion is Gross and before the £5 billion rebate = £13 billion for 2015. Less £4.5 billion for subs and infrastructure, leaves a net contribution of £8.5 Billion. But from this the EU also gives direct grants to universities research groups and private companies that can amount to several billion per year dropping it to around £7-7.5 billion per year.

Thats not right - according to the figures in the link the UK contributes €20.5bn based on GDP, about €3.5bn based on VAT receipts and then gets a rebate of about €6bn. Resulting in a gross payment of about €18bn, less the CAP/Regional spending etc within the UK, which is about €7.5bn. Leading to a final net contribution of €10.5bn.

 

[Muck Spreader]

Thats not right - according to the figures in the link the UK contributes €20.5bn based on GDP, about €3.5bn based on VAT receipts and then gets a rebate of about €6bn. Resulting in a gross payment of about €18bn, less the CAP/Regional spending etc within the UK, which is about €7.5bn. Leading to a final net contribution of €10.5bn.

Pounds v Euros