Farmers - a put upon minority or greedy gits - you decide.

[matticus]

Got some top quality stuff this week, have we?

Grow your own. It's the only way.

 

[Ian H]

Grow your own. It's the only way.

 

[presta]

This seems like a fair question. If you buy farmland, what are you allowed to do with it other than farming? Presumably you won't get planning permission to build a housing estate, or anything else really lucrative.

Is its value going to plummet anyway once it's no longer of any use for tax avoidance?

 

[mjr]

Have the Daily Mail complained about all the ambulances and tradesmen that can’t get through the disruption yet?

I saw someone suggest that the farmers should have thrown some orange flour at a landmark so that all the right-wing rags would do feats of journalistic origami to justify it without contradicting their previous condemnations of flour-throwers.

 

[mjr]

This seems like a fair question. If you buy farmland, what are you allowed to do with it other than farming? Presumably you won't get planning permission to build a housing estate, or anything else really lucrative.

1. Housing. Planning zones change, reviewed about every 5-10 years. I live 4 miles from Nowhere and some farmland to the east of my village and the next two villages north have all been rezoned for housing, 300 in the first phase, 1300 in the second, another 2400 after that in phases to be decided. The farmers have sold up to Hopkins and Metacre and I don't know who the third parcel was sold to. It's still being farmed for now, but the first phase looks like it may start in the next two years.

2. Rent it out as a farm, avoiding tax when it's passed on.

3. Various country activities.

4. Hope someone discovers something they want to quarry under it. The area between the village to the south of mine and the one after that has all been quarried. Same to the east of the next village east.

Is its value going to plummet anyway once it's no longer of any use for tax avoidance?

Probably, in most case, yes. It'll be painful for those who have bought a lot of land for tax avoidance, who then have less reason to keep hold of it, but bought it for more than the new selling price, which is probably why there seems plenty of funding for these protests.

 

[monkers]

I've just said it, but I'll say it again. SNAFU.

Farmers will not need to pay IHT, they'll just need to do a bit of paperwork to put it in a trust.

Here's Clarkson even admitting the fact to camera.


View: https://www.youtube.com/watch?v=qUrTf0DGpyA

 

[dutchguylivingintheuk]

New victims of the ground/house price value ponzi scheme, i mean said here before but still farms are worth millions but the only way someone would be able to pay that much for it is if they use it as an wealth investment.

So how can farmers whom want to pass it on to their children not be a victim of this? Yeah sure like @monkers said you can put it in a trust but it's a bit beyond the point, the point should be the house and ground prices are not sustainable, but sadly we don't have politicians (nowhere in Europe for that matter) with the balls to actually name and manage that problem.

 

[Ian H]

New victims of the ground/house price value ponzi scheme, i mean said here before but still farms are worth millions but the only way someone would be able to pay that much for it is if they use it as an wealth investment.

So how can farmers whom want to pass it on to their children not be a victim of this? Yeah sure like @monkers said you can put it in a trust but it's a bit beyond the point, the point should be the house and ground prices are not sustainable, but sadly we don't have politicians (nowhere in Europe for that matter) with the balls to actually name and manage that problem.

https://www.bbc.co.uk/news/videos/c05z2g3326go

 

[monkers]

New victims of the ground/house price value ponzi scheme, i mean said here before but still farms are worth millions but the only way someone would be able to pay that much for it is if they use it as an wealth investment.

So how can farmers whom want to pass it on to their children not be a victim of this? Yeah sure like @monkers said you can put it in a trust but it's a bit beyond the point, the point should be the house and ground prices are not sustainable, but sadly we don't have politicians (nowhere in Europe for that matter) with the balls to actually name and manage that problem.

Yeh we do, just that people don't elect politicians who are big on social justice. In my opinion, the problem is that the electorate have been trained by experts in the field of subversion of democracy. At general election time, enough voters turn out with the intention of either ''sticking it to the man'' or sticking it to minorities they've been groomed into hating. The never-end-dumb being a classic case.

 

[AuroraSaab]

This seems like a fair question. If you buy farmland, what are you allowed to do with it other than farming? Presumably you won't get planning permission to build a housing estate, or anything else really lucrative.

View attachment 6889

Is its value going to plummet anyway once it's no longer of any use for tax avoidance?

Land banking. Companies will buy up some of it and hang on to it until the greenbelt/farm designation is no longer. Maybe rent it out in the meantime.

 

[mjr]

Land banking. Companies will buy up some of it and hang on to it until the greenbelt/farm designation is no longer. Maybe rent it out in the meantime.

Ah yes, that reminded me! The third parcel of land is owned by Zurich, the investment and insurance company, or that's what I've been told but not yet seen in writing because their land will be the final phases to be built.