- Clarkson gets a big bill.
I don't think he is concerned for himself
Plus you can sell elements of the estate to raise the money to pay the tax (unlike everybody else where estate assets cannot be touched until tax paid so you end-up having to borrow to pay the tax before selling eg the house ... Plus they have 10 years to pay the tax bill all interest free.Also if you are a couple then you can benefit from x2 IHT breaks - that was my interpretation anyway
Trouble is, what can the Gov. do about that? If they increase subsidies to farmers it means we are all paying the higher price for British produce (albeit indirectly).It's always been the case, since the 80s. Animal feed, vet bills, machinery, consumables have all rocketed up, but the prices farmers receive for crop and milk has been going down. So it's now cheaper to buy Argentinian or Brazilian Beef in the shops than to buy British. Same goes for a lot of vegetables too. Also, if you are a supplier for one of the supermarkets, you can't sell half of your veg if it's the wrong shape or size, or at best you get a pittance for it
I do hope Labour compromise - and move the threshold up to a level such that:
- all the small-holdings are unaffected
- Clarkson gets a big bill.
I've no inside knowledge but I wonder about this and wonder the extent that prices paid to UK growers are affected by imports as well. My thought process is that eg supermarkets need carrots on their shelves and most customers don't look at the "Produce of ..." labels for eg carrots.The supermarkets are the villains, shaving every possible penny off the price they pay to their suppliers, who in turn screw the primary producers down
Moved back to UK (East Anglia) and standard farmer domestic car is a Discovery or Range Rover
I've no inside knowledge but I wonder about this and wonder the extent that prices paid to UK growers are affected by imports as well. My thought process is that eg supermarkets need carrots on their shelves and most customers don't look at the "Produce of ..." labels for eg carrots.
So supermarkets either buy from UK suppliers or they buy from overseas growers and they'll be buying from the cheapest source. I can't see UK supermarkets paying UK growers a higher price when imported produce is cheaper, and vice versa. So the contract price must be a a large extent determined by prices from competitor sources.
Ian
I think I'd like to see them change the rules so that Clarkson can't use a Trust fund to avoid it. Ideally, so that nobody can, but I'd settle for just Clarkson not being allowed to, because he's an opportunistic nobber who publicly stated he bought a farm to dodge tax and now gets tetchy when interviewers point out that he's a leopard who ate some faces.I don't think he is concerned for himself; as he said in that interview you can use a Trust fund to avoid it but why should everyday farming people have to? I think that was his point anyway. If you have a few grand for a solicitor then it doesn't look like it's a big problem. Also if you are a couple then you can benefit from x2 IHT breaks - that was my interpretation anyway
And yet, people still buy most of their "fresh" food (or at least as fresh as it can be when it's done a lap of the country from farm to warehouse to store, or been imported if it saved the supermarket a few ha'pennies) from supermarkets, which causes many other problems too. Wait until some government tries to tackle the supermarket cartel: then we'll see real shoot-stirring and astroturfing that puts this landlord-backed farmer protest to shame!The supermarkets are the villains, shaving every possible penny off the price they pay to their suppliers, who in turn screw the primary producers down. [...]
Years ago working on farms one summer I ended-up driving corn trailers (taking the wheat harvest from combine to farm) and tractor had maybe 30 degrees free play on the steering wheel is you have to turn it 30 degrees to take up any slack before you got to start moving the wheels to actually change direction. Most of route from where fields were being harvested to yard was on public roads. couldn't make any fuss though because it was on girlfriend's father's farm and I was living in room in their farmhouse. Linconshire.Yes some folk have to have all the latest kit. Not so much in Devon. Most farmers had beaten up Landrovers or pickups which would barely pass an MOT.
I have some sympathy for farmers as a whole (other than voting for Brexit)