Land sales across UK in doubt over subsidy concerns


Farmland sales in the UK are suffering as a result of Brexit and doubt over subsidies.

Land sales across UK in doubt over subsidy concerns

  • ADDED
  • 3 years ago

Farmland sales in the UK are suffering as a result of Brexit and doubt over subsidies.

Just weeks out from the possible triggering of Article 50 by British PM Teresa May and farmers are already facing an uncertain time when it comes to land sales.
Despite many rural communities in the UK voting for Brexit and the UK government vowing that some form of farm support or subsidy would replace CAP the real time worries and effects of the British exit from the EU are being felt in land sales.
The Royal Institute of Chartered Surveyors (RICS) told the BBC that there has been two years of falling land prices.

Reasons
The reasons for the falling land prices were firstly put down to low commodity prices but Brexit has now made itself felt in rural Britain.

The British government had pledged to continue CAP like payments one year after its withdrawl from the EU but no real time plans seem to be coming down the line to replace it.
Farmers in Northern Ireland are already feeling the pinch with some reports suggested thousands of farmers will need to exist the industry in the coming years making way for larger farms and farmers.

The RICS has called for CAP like support payments to be extended post 2020.

Are you a UK or Northern farmer? Are you worried about future payments and the future of farming in your region? Leave us a comment.

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