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Farm Business
Agricultural Matters
New SFI Capital grants on used machinery etc
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<blockquote data-quote="Goweresque" data-source="post: 7720620" data-attributes="member: 818"><p>The obvious solution to the grants for second hand items would be to to a) have a list of approved dealers (to which any machinery dealer could apply), b) to have rules for what second hand machinery would qualify, such as must be less than 5 years old, must be in good working order etc etc and c) pay a % of the cost.</p><p></p><p>I'm not sure why Janet Whatshername said there was an issue with pricing, because aren't capital grants paid on a % basis anyway? So it doesn't really matter what the price is, you always get the same % back?</p><p></p><p>The only real issues with grants for second hand kit are whether the item is up to the job and the State is getting value for money for what they are paying for. Given the farmer is going to have to pay the majority of the purchase price anyway, I really don't see what issues could arise - who is going to spend £10k of their own money on a clapped out machine worth scrap value thats been artificially priced at £10k just to get £4k back? Obviously there could be criminal fraud involving collusion between dealer and farmer, but that could happen with new stuff just as easily as second hand.</p><p></p><p>It could have a very good cascade effect down the industry - those at the top can get a grant on a new one and trade their old one in, which provides a supply of used equipment for those further down the food chain to buy and still get some grant money.</p></blockquote><p></p>
[QUOTE="Goweresque, post: 7720620, member: 818"] The obvious solution to the grants for second hand items would be to to a) have a list of approved dealers (to which any machinery dealer could apply), b) to have rules for what second hand machinery would qualify, such as must be less than 5 years old, must be in good working order etc etc and c) pay a % of the cost. I'm not sure why Janet Whatshername said there was an issue with pricing, because aren't capital grants paid on a % basis anyway? So it doesn't really matter what the price is, you always get the same % back? The only real issues with grants for second hand kit are whether the item is up to the job and the State is getting value for money for what they are paying for. Given the farmer is going to have to pay the majority of the purchase price anyway, I really don't see what issues could arise - who is going to spend £10k of their own money on a clapped out machine worth scrap value thats been artificially priced at £10k just to get £4k back? Obviously there could be criminal fraud involving collusion between dealer and farmer, but that could happen with new stuff just as easily as second hand. It could have a very good cascade effect down the industry - those at the top can get a grant on a new one and trade their old one in, which provides a supply of used equipment for those further down the food chain to buy and still get some grant money. [/QUOTE]
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New SFI Capital grants on used machinery etc
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