Farmers should be paid a lump sum to prepare for the end of direct payments post-Brexit, says a leading agricultural economist.
“An exit bond is something I would be arguing for if I was a farmer.”
Professor David Harvey.
David Harvey, emeritus professor of agricultural economics at Newcastle University, said an “exit bond” would help ease the transition to a new system of farm support.
Prof Harvey told the Northern Farming Conference that many farmers would struggle if direct payments were withdrawn without some form of adjustment assistance.
A lump sum “exit bond” would be a“relatively easy way of easing the transition from a supported agriculture through direct payments to an unsupported agriculture.”
Source: Farmers Weekly