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Farm Business
Agricultural Matters
The transition from BPS to ELMS
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<blockquote data-quote="Grass And Grain" data-source="post: 8186805" data-attributes="member: 23184"><p>Either the income will have to rise, or would need to get a different job which pays a reasonable amount.</p><p></p><p>Can't see global commodities prices rising just because little England has stopped BPS and replaced it with ELMS, so subsidy payments after costs will effectively reduct to say 20% (guess) of what it was.</p><p></p><p>Processors will want our beef for same price, but a massive chunk of BPS income will evaporate. If production profitability doesn't increase, there will be an exodus from the industry and land left bare.</p><p></p><p>Many farms would go from having enough cash to make a living, to not having a living wage.</p></blockquote><p></p>
[QUOTE="Grass And Grain, post: 8186805, member: 23184"] Either the income will have to rise, or would need to get a different job which pays a reasonable amount. Can't see global commodities prices rising just because little England has stopped BPS and replaced it with ELMS, so subsidy payments after costs will effectively reduct to say 20% (guess) of what it was. Processors will want our beef for same price, but a massive chunk of BPS income will evaporate. If production profitability doesn't increase, there will be an exodus from the industry and land left bare. Many farms would go from having enough cash to make a living, to not having a living wage. [/QUOTE]
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The transition from BPS to ELMS
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