Farmers And Subsidies

[scooping]

James Dyson, the UK's largest farmer, says he lost £4m last year despite getting £1.6m in grants from the EU. Why do taxpayers subsidise UK farmers and why do they farm if they constantly lose money?

[ToraToraTora]

ah this is one of the main corners of the EU, to subsidise inefficient farming, especially the twists and the firesides, look up the CAP.

[ToraToraTora]

anyway I though he made J. Edgars!

[sunny-dave]

"why do they farm if they constantly lose money?"

A half decent accountant can always make a farm look like it's being run at a loss - it goes with the territory.

The big guys are coining it (one way or another), just inspect the shiny Range Roverage at any farming event.

The ones who *are* up against the wall are the small 'dog and stick' guys - they are the lifeblood of many rural communities and yet are an endangered species as Mr Dyson and his pals continue to accumulate and conglomerate.

[Gromit]

He made a loss on farming because he wanted to make a loss to cut his overall tax bill.

Dyson's business (Beeswax) had £0 in the bank and £0 liabilities. It made a £4million loss so it will not pay tax, But it does have £500,000 in assets.

So if you are a multi- £billionaire, you use your money to buy farmland, you get £millions in EU grants for doing nothing. He is planning on making a £2million loss next year, which suggests that the business is aquiring more assets with any money it makes, to continue pay no tax.

[ToraToraTora]

EU eh gromit, we should get out....hang on!

[Gromit]

Whoops, missed some noughts off there, it should be...

// But it does have £500,000,000 in assets. //

[Gromit]

Tora,
Dyson has £8billion, so £1.6million in EU subsidies won't be missed. He can afford it.

[ToraToraTora]

yes, I agree I would also abolish the CAP but hey ho we are leaving anyway.

[gulliver1]

Once again cash to the rich from the tax payer, most UK farmers want to remain in the EU, that says it all , but hey ho, think we will still be in ten years from now , we aint ever ever going to get out. Enjoy!.

[youngmafbog]

Dream on Gulliver.

[gulliver1]

Think all British Farmers want to remain,they have a lot to lose, with their income supplement ,{subsidy}. Also the NFU, etc, have a lot of pull with the Cons, think most of the farmers are remainers, and will influence Government decisions a lot, even like staying in the EU.

[scooping]

Thanks all