Multi Millionaires Complaining Again

[ARealitycheck]

I see our multi-millionaire landowners had another moan today at a labour party conference. Oh the woes of having to pay half the tax over a period 8 years longer than the rest of the public.

https://www.bbc.co.uk/news/articles/c2ljdvqegkeo

Not a good look when the spokesperson is the owner of a farm obviously worth £5m who has been in receipt of circa £90k subsidy money annually in recent years. While standing in front of machinery that is built anywhere but the UK.

And when land prices drop to the level where they should be compared to production, perhaps those same tenant farmers wil be able to buy the land they work.

@ARealitycheck nah they'll have done the sensible thing and went into a more secure and less vilified sector, losing their generational farming skills and knowledge as you can't just dip in and out of farming. A fact you would appreciate if you were indeed closer to the industry.

I live in a town that is adjacent to several farms that will be hit. There are signs up saying stop the family farm tax. The local produce from these farms is sold in local shops here. I really like it - quality, freshness, health. I think that hurting farmers is crazy - especially in an age when we need food to be grown locally. We already import way too much. Farmers are asset rich but cash poor. They don't have oodles of cash to pay taxes with. I should think that faced with a tax that hurts them this much, farmers will choose to sell their farms entirely to property developers and sod off abroad with the proceeds (and good luck to them frankly). Farming is bloody hard work and I think we ought to be more grateful to the people who grow our food, rather than seeing them as cash cows.

It's typical of this current government - hurt little pockets of society. Farmers, private school parents/kids, pensioners - so that most people think "oh they can afford it, doesn't affect me, tax revenue is raised". None of this affects me directly, but it will all end up hurting me indirectly.

Does a person need to be born into a certain family to have knowledge of farming? Could a person who had knowledge of agriculture not do it just as well if not better?

Current system is a closed shop that benefits only a few, hence why they are crapping themselves at having to part with a tax dime.

Of course the land disappears - it disappears under a shit tonne of new housing!!!!!!!!!!

Farmers aren't tax cows. Don't for one second believe the no farmers no food or working 100 hours a week. Farmers are absolute masters at not paying tax, why do you think all these land agents etc exist.

Of course I believe the no farmers, no local food. If a farm is sold to a property developer, no food will be produced there.

You can argue anything you want. You aren't interested in the reality and you don't know anything about farming.

The OP os quite goady and seems to delight in farmers falling on hard times. Her grasp of reality appears a bit limited. What happens if familiez are forced to sell up? A range of things. Most often the farms are taken over by bigger.entities which farm.more intensively. The land os developed for housing or industrial ise. Invreasingly it is used for wind farming which attracts a good subsidy. None of this will be good for ountryside or out food supply. Garming does not pay well. There are not people not already involved in it queuing ul to do so.

Willing to bet if I were to look through your fridge and cupboards,the closest a large proportion of your food came to a local or even a nationwide farm was in the back of a truck going into tesco.

@Cyclebabble I do not feel any sympathy whatsoever to farming families, who for decades have held on to and expanded their own holdings. All the while avoiding paying any tax and lifting handouts from the public purse.

I agree- plus they are maintaining the countryside and our food security - both which are invaluable.

Socialist peasants complaining again..........

Seriously you are well out of order. Tenant farmers have been disappearing for decades and you rich farmers did not give a toss.

Becuase shares in the company would still form part of the estate and the share value is calculated by reference to the net assets held by the company. Directors don’t own a company shareholders do. Shares could be passed to next generation but the usual iht rules still apply, also can end up with a capital gains tax charge if not done properly

Yes to all of this.

One of my friends runs a family farm. She works 7 days most weeks 80 hour weeks producing grain that goes to Hovis, eggs (800 free range chickens), rape seed oil and maize.

Her farm includes two SSSI and an ancient monument that need to be protected.

Return on farm investment is 0.75 - 1.0%. This awful tax jeopardises the viability of the farm. The UK's food security is already creaking.

If you thought the fuel crisis was bad it would be nothing compared to a food crisis. In an increasingly unstable world we need to protect our ability to feed ourselves.

And if you are not making money, sell up and buy another type of business

Your ignorance is breathtaking and proves you ridiculous, but go on believing such nonsense if you must.

Thankfully this tax will be cancelled as soon as we have a change of govt and British farmers will continue to grow food your children can eat.

I also live and work rurally, the general public are becoming more and more aware of just how well off farmers, especially generational farm owners are. They do not have the support many think they do.

Why would you not want them to be well off. This country is so bizarre. It’s just a race to the bottom.

I don’t have this so why should you!

The answer is because you would begrudge another for having it. The world works in mysterious ways,

@Clavinova
The subsidy was being phased out but due to end completely in 2027 anyway. They may farmers another £7200 next year too which is probably more than the final payment would have been worth.

The end of subsidies was a Tory policy - it was very clearly stated but not a whimper from farmers or NFU.
I suspect because the majority of farmers voted to leave the EU because there was too much red tape (looking after the environment) to claim the sub.

@Clavinova

The capital grant scheme will reopen later this year. Some farmers had claimed millions leaving others with nothing...

I don’t have any issues with working farmers being loaded if they’re keeping the wealth in the family and the farm is kept for farming.
I honestly can’t see a problem with it.
Im more concerned about overpaid management who don’t seem to be able to managed.
Water companies and utilities ripping us off to give their shareholders and executives more money.
Landlords charging ridiculous rents for crappy houses.
The list goes on.

Oh it's you AGAIN @ARealitycheck your obsessed and one of the most ignorant posters I have ever come across.

So I challenge you. Come and work a week down here and see how it really is on a farm. I'm sure some friends of mine would quite happily walk you through the daily reality of how fucking desperate the situation really is in farming.
You won't because like all of your sort you don't want to listen to reason. Nor could you ever contemplate the idea that you could be wrong.

So what happens when nobody is farming? Round here farms are stopping growing crops as not making energy money. Hundreds and hundreds of acres of prime arable land turning into solar panel farms.

So we will rely on imports from abroad. Not great for the environment and puts us at mercy of things like Asia having bad flooding and wiping the crops out, Russia stopping the ships leaving Ukraine, etc. if we are bidding for wheat, etc in a global market it really puts us at risk. The world population is increasing at pace and at some point global food shortages is a real possibility. We may find ourselves in a bad position where we aren’t growing food and can’t buy it, or it’s 5x the price it is now. Honestly the cost of living crisis will pale into insignificance compared with that.