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Plight of Farmers.

Spiderman said:
Let’s hope the land isn’t bought up by Gates or multi nationals intent on turning our farmland into solar or wind farms then
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We shouldn't have to hope. Government needs a strategy and to implement it ruthlessly. The IHT change is not anywhere near sufficient
 
Mapletree said:
We shouldn't have to hope. Government needs a strategy and to implement it ruthlessly. The IHT change is not anywhere near sufficient
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The politics of envy. "How dare wealth be acquired and then be inherited by children!"

Your short-sighted view will mean the end of many farming families. This is quite clearly the goal of the Labour government. I'm not sure how it sits well with your socialist principles that giant multinationals will hoover up the land for the benefit of their shareholders.
 
beak said:
For IHT to be applied you need to die,Companies and corporations may do many things but death for them is not on the agenda.
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Again, why I made the point in the first place. IHT can’t be claimed by corporations. You don’t say 🤦‍♂️🤦‍♂️🤦‍♂️
 
Spiderman said:
Let’s hope the land isn’t bought up by Gates or multi nationals intent on turning our farmland into solar or wind farms then
Click to expand...
And therein lies the problem of the Treasury not undertaking an impact study.

Apparently Rachel from Accounting just looked at the numbers for the previous few years hence the only 500 farms will be impacted.

However a proper study might have confirmed this as correct or highlighted negative aspects such as Spiderman's comments.

Farmers are an ageing community, just like the rest of us. Whilst only 500 farms may be impacted today what about in 5 years time? Will the number of deaths go up significantly due to age? I have no idea.

What about land prices? The government has made it clear it wants to build homes some of them on green belt land. Is it possible that speculators will start buying up farm land in the hope that they get get future planning permission so even if an estate remains farm land the price still goes up and hence impacts IHT?

I don't know if any of this would happen but then neither does the government because it didn't do any research beyond the "well it's only 500 farms".
 
Badger11 said:
And therein lies the problem of the Treasury not undertaking an impact study.

Apparently Rachel from Accounting just looked at the numbers for the previous few years hence the only 500 farms will be impacted.

However a proper study might have confirmed this as correct or highlighted negative aspects such as Spiderman's comments.

Farmers are an ageing community, just like the rest of us. Whilst only 500 farms may be impacted today what about in 5 years time? Will the number of deaths go up significantly due to age? I have no idea.

What about land prices? The government has made it clear it wants to build homes some of them on green belt land. Is it possible that speculators will start buying up farm land in the hope that they get get future planning permission so even if an estate remains farm land the price still goes up and hence impacts IHT?

I don't know if any of this would happen but then neither does the government because it didn't do any research beyond the "well it's only 500 farms".
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We are told that the Government took advice from the OBR and IFS. You do not view that as a 'proper study', clearly. The actions are also in line with the advice from the primary UK economics University, the LSE.

blogs.lse.ac.uk

Inheritance tax needs reform both for fairness and efficiency

Chancellor Rachel Reeves is expected to announce inheritance tax reforms in the October Budget as a way of raising funds and closing the fiscal “black hole”. James Forrester argues that…
blogs.lse.ac.uk blogs.lse.ac.uk

I would love to know your source for there not being a proper study. Other than the NFU spinning on a pin head.
 
georgenorman said:
"What is to be done" Comrade?
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Childish name calling doesn't make your posts look any better.

The best means of caring for the land, protecting the environment and promoting vibrant rural communities is to put policies in place that keep more farmers on the land and provide pathways that give young farmers and under-served groups access to land. The commodification of farmland by corporate investors undercuts these goals, driving consolidation in the food system.
Jim Goodman, National Family Farm Coalition Board President.

We could:
  • Restrict corporations (other than where the beneficial owners are all actively engaged in farming), multilayered subsidiaries, pension funds and investment funds from purchasing or leasing agricultural land. These types of corporations would be allowed to continue owning farmland they already own, but these corporate owners would not have future access to any farm subsidies, credits or grants. They should not be used to underwrite speculative corporate farmland investments.
  • Strengthen laws and law enforcement to regulate corporations, both domestic and foreign, involved in farmland ownership.
 
Mapletree said:
Childish name calling doesn't make your posts look any better.

The best means of caring for the land, protecting the environment and promoting vibrant rural communities is to put policies in place that keep more farmers on the land and provide pathways that give young farmers and under-served groups access to land. The commodification of farmland by corporate investors undercuts these goals, driving consolidation in the food system.
Jim Goodman, National Family Farm Coalition Board President.

We could:
  • Restrict corporations (other than where the beneficial owners are all actively engaged in farming), multilayered subsidiaries, pension funds and investment funds from purchasing or leasing agricultural land. These types of corporations would be allowed to continue owning farmland they already own, but these corporate owners would not have future access to any farm subsidies, credits or grants. They should not be used to underwrite speculative corporate farmland investments.
  • Strengthen laws and law enforcement to regulate corporations, both domestic and foreign, involved in farmland ownership.
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Like Robert Mugabe used to do you mean?
 
beak said:
The Tory party was started by brewers and Farmers who granted themselves huge perks. Thatcher did not like the miners so most coal is imported why not food? Rudi Hedman I must say your posts are good for a laugh, where are you in your class at school?
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Have you been studying at the Wisbech School of Discussion? I haven't seen his posts for months now thank goodness, but that was one of his favourite patronising put-downs.
 
Mapletree said:
Childish name calling doesn't make your posts look any better.

The best means of caring for the land, protecting the environment and promoting vibrant rural communities is to put policies in place that keep more farmers on the land and provide pathways that give young farmers and under-served groups access to land. The commodification of farmland by corporate investors undercuts these goals, driving consolidation in the food system.
Jim Goodman, National Family Farm Coalition Board President.

We could:
  • Restrict corporations (other than where the beneficial owners are all actively engaged in farming), multilayered subsidiaries, pension funds and investment funds from purchasing or leasing agricultural land. These types of corporations would be allowed to continue owning farmland they already own, but these corporate owners would not have future access to any farm subsidies, credits or grants. They should not be used to underwrite speculative corporate farmland investments.
  • Strengthen laws and law enforcement to regulate corporations, both domestic and foreign, involved in farmland ownership.
Click to expand...
We could do all of that and I wouldn't have a problem with it. But the government hasn't done that.
 
Mapletree said:
We are told that the Government took advice from the OBR and IFS. You do not view that as a 'proper study', clearly. The actions are also in line with the advice from the primary UK economics University, the LSE.

blogs.lse.ac.uk

Inheritance tax needs reform both for fairness and efficiency

Chancellor Rachel Reeves is expected to announce inheritance tax reforms in the October Budget as a way of raising funds and closing the fiscal “black hole”. James Forrester argues that…
blogs.lse.ac.uk blogs.lse.ac.uk

I would love to know your source for there not being a proper study. Other than the NFU spinning on a pin head.
Click to expand...
BBC
www.bbc.co.uk

How many farms would be affected by Budget changes?

Estimates of the number of farms affected range from 100 to 70,000.
www.bbc.co.uk
 
beak said:
The Tory party was started by brewers and Farmers who granted themselves huge perks. Thatcher did not like the miners so most coal is imported why not food? Rudi Hedman I must say your posts are good for a laugh, where are you in your class at school?
Click to expand...
If you look upwards you will find him
 
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