Hello and hi. Well, it has been quite some time since I have written about BREXIT. Apologies, chaps. Things have been a bit crazy, as you well know. That being said, today I wanted to write about the impact that BREXIT will have on UK farmers.
First, I would just like to add that I could never be a farmer. Nope. Not even for a day. This business of waking up at 3am to milk a cow and other stuff…that is not exactly my bag. At 3am I am deep in REM. Second, why should I even milk a cow? They look disinterested and ungrateful while you are milking them. Ain’t nobody got time for that.
UK farmers, post BREXIT, will most likely lose most of their direct subsidies, according to The Times. You see, when we were a part of the EU, UK farmers got a pretty sweet deal. Yes, yes they did. In brief, more than £2billion a year is paid to farmers based on the amount of land that they owned. However, once Britain leaves the UK (timetable up in the air at the moment) these subsidies or payments, will no longer continue. Minnie Batters, deputy president of the National Farmers’ Union told The Times in an interview that farmers in the UK will now face pretty fierce competition for limited funds, post BREXIT. Further, the most likely outcome of the government’s review of subsidies would likely be a “very narrow layer similar to basic payment but probably a lot, lot less” Please read:’no money, honey…you lot are on your own.’
In addition, Batters commented that more subsidy should be directed toward attracting young farmers (those under age 30) with a sort of top-up payment- a sort of incentive. “We’ve got to look at how we bring young people into the sector. We have an aging farming population.” As the average age of farmers is 59, with many farmers working until their eighties. Yikes. Can you imagine waking up at 3am and milking a disinterested cow? That is not the life for me. No, no it is not.
In closing and in reference to subsidies-when New Zealand abolished its subsidy program back in 1984, their productivity growth doubled. This was in stark comparison to Britain’s productivity growth which went up by a quarter in the same period…with subsidies. The good news is that the Treasury has pledged to maintain subsidies at the same level for the next 4 years-but the Department for Environment, Food and Rural Affairs is considering how exactly to reform the system after 2020. That is all.