Subsidies

Young farmers would prefer business loans to subsidies

More than half of would be prepared to see subsidies phased out post-Brexit – particularly if they were offered business loans or grants to help them establish their businesses.

A survey by the National Federation of Young Farmers Clubs (NFYFC) found that many young people see subsidies as a barrier to new entrants because they favour existing landowners and farmers.

Getting started in farming has many challenges… we need to look at short- and long-term finance… which are especially big barriers to new entrants.

Sam Dilcock, National Federation of Young Farmers’ Clubs

When asked what form subsidies should take, the most popular choice (35%) for young farmers was to reduce or remove area-based basic subsidy payments and instead support farmers through grants or loans for farm business investments.

Source: Farmers Weekly

Leave a Reply

Your email address will not be published. Required fields are marked *