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<blockquote data-quote="midlandslad" data-source="post: 7004586" data-attributes="member: 5349"><p>I agree with your comments about the industry needing restructuring.</p><p></p><p>To say that ownership is not related to farming is difficult to understand. In the 90's when farm incomes were on the floor, land values dropped. Again in 2007 when wheat prices took off so did land values.</p><p></p><p>A large proportion of farmland is bought by farmers with borrowed money, they would not do so if they couldn't service the debt as their farming income was low.</p><p></p><p>Whilst debt is cheap to service, if you borrow £1 million you still have to repay £1 million.</p></blockquote><p></p>
[QUOTE="midlandslad, post: 7004586, member: 5349"] I agree with your comments about the industry needing restructuring. To say that ownership is not related to farming is difficult to understand. In the 90's when farm incomes were on the floor, land values dropped. Again in 2007 when wheat prices took off so did land values. A large proportion of farmland is bought by farmers with borrowed money, they would not do so if they couldn't service the debt as their farming income was low. Whilst debt is cheap to service, if you borrow £1 million you still have to repay £1 million. [/QUOTE]
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