Mohamed Mansour has given the Tories £5 million and is to 'coincidentally' receive a knighthood.
But I on the other hand have this year helped to supply well over 3 times as much to the public purse, simply by selling feed wheat (fag packet maths ensues, feel free to correct):
1 tonne of wheat yields 450L of alcohol on a dry basis, so 382.5L at 15% ex farm.
Alcohol tax on spirit is £28.74/L x 382.50= £10,993.05 per tonne wheat (£43,972 /acre).
X 1300t from 130ha = £14,290,965
Add VAT and my income tax bill and it’s well over £17 million in revenue.
I suspect my letter from King Charles III is stuck in the post (it is a 4 day weekend after all), but when it hits the mat I’m going to invite you all to a massive investiture party. I’ll supply the hog roast, but unfortunately it will be BYOB, as even with a pretty good average yield the economics of growing wheat, and paying the Scottish tax rates, it means I can’t afford the booze.
I mean, have you seen the price of it lately?!
On a more serious note, when someone mentions subsidies, I’ll be happy to point out that the government gets it all back 630 times over:
Per Ha of wheat, roughly £208 in subsidy versus £131,916 in duty and VAT.
But I on the other hand have this year helped to supply well over 3 times as much to the public purse, simply by selling feed wheat (fag packet maths ensues, feel free to correct):
1 tonne of wheat yields 450L of alcohol on a dry basis, so 382.5L at 15% ex farm.
Alcohol tax on spirit is £28.74/L x 382.50= £10,993.05 per tonne wheat (£43,972 /acre).
X 1300t from 130ha = £14,290,965
Add VAT and my income tax bill and it’s well over £17 million in revenue.
I suspect my letter from King Charles III is stuck in the post (it is a 4 day weekend after all), but when it hits the mat I’m going to invite you all to a massive investiture party. I’ll supply the hog roast, but unfortunately it will be BYOB, as even with a pretty good average yield the economics of growing wheat, and paying the Scottish tax rates, it means I can’t afford the booze.
I mean, have you seen the price of it lately?!
On a more serious note, when someone mentions subsidies, I’ll be happy to point out that the government gets it all back 630 times over:
Per Ha of wheat, roughly £208 in subsidy versus £131,916 in duty and VAT.
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