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Farm Business
Agricultural Matters
Will there be Ag support payments in 2020?
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<blockquote data-quote="Frank-the-Wool" data-source="post: 6618922" data-attributes="member: 699"><p>For the foreseeable future the Agriculture Bill is dead. There may be some enthusiasm to progress the environment bill but I am not sure that gives agriculture any protection.</p><p>So my guess is that the scenario will be that we continue to receive BPS as is until or if we ever leave the EU. The earliest we leave is still the end of 2020 so we assume that from 2021 there will be a new format.</p><p>However as there is absolutely no certainty of the outcome of the election we will have to wait until after 12th December to make any accurate forecasts.</p><p></p><p>As already suggested if the conservatives get a majority then we will be out of the present EU system at the end of 2020 and it is likely that for a short period we will replicate the BPS system (if the government have the money).</p><p>If the Lib Dems hold the balance of power then we stay in the EU and the system continues however we should be aware that the payments are already being reduced within the EU.</p><p>Of course Labour could win and then no one knows what they want, but the good news would be that in the short term the pound would fall so much that agriculture would have a massive boost as exports would be too expensive so subsidies might be less relevant. However land would be nationalised so you would be unable to borrow any money to invest and interest rates would be very high!!</p><p></p><p>My thoughts.</p></blockquote><p></p>
[QUOTE="Frank-the-Wool, post: 6618922, member: 699"] For the foreseeable future the Agriculture Bill is dead. There may be some enthusiasm to progress the environment bill but I am not sure that gives agriculture any protection. So my guess is that the scenario will be that we continue to receive BPS as is until or if we ever leave the EU. The earliest we leave is still the end of 2020 so we assume that from 2021 there will be a new format. However as there is absolutely no certainty of the outcome of the election we will have to wait until after 12th December to make any accurate forecasts. As already suggested if the conservatives get a majority then we will be out of the present EU system at the end of 2020 and it is likely that for a short period we will replicate the BPS system (if the government have the money). If the Lib Dems hold the balance of power then we stay in the EU and the system continues however we should be aware that the payments are already being reduced within the EU. Of course Labour could win and then no one knows what they want, but the good news would be that in the short term the pound would fall so much that agriculture would have a massive boost as exports would be too expensive so subsidies might be less relevant. However land would be nationalised so you would be unable to borrow any money to invest and interest rates would be very high!! My thoughts. [/QUOTE]
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Will there be Ag support payments in 2020?
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