Economist calls for ‘exit bond’ for farmers

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Prof Harvey told the Northern Farming Conference that many farmers would struggle if direct payments were withdrawn without some form of adjustment assistance.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

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