Wednesday, October 11, 2017

Farm profits may halve after Brexit - Farron

Farm profits could fall by as much as half after Brexit, new research suggests.

The report, by the Agriculture & Horticulture Development Board (AHDB), says the "worst-case scenario" would cut average farm profits from £38,000 a year to just £15,000.

Former Liberal Democrat Leader Tim Farron commented:

"This shows what a disastrous situation ‘no deal’ would be for farmers and the future of our rural communities.

"The Government’s inability to make progress on negotiations is leaving farmers in the lurch and creating huge uncertainty.

"Farmers are unable to plan for the future and make informed business decisions because they do not know if tariffs will be imposed, what the cost and availability of workers will be and what level of support will be available.

"Farmers need a commitment from the Government that the billions of pounds currently received by British farmers from the EU will still be available post-Brexit.

"This should involve farmers being rewarded for providing public goods, rather than on the size of their farm, so the money is distributed more fairly."

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