Even without the need for cuts in public expenditure following the economic downturn, farmers were already wondering if payments to agriculture would be reduced after 2012.
The indications are filtering out from the EU Commission that they are considering quite steep cuts in the agricultural budget for agriculture. Britain’s farmers receive just under the average payment than the other 26 EU countries so perhaps we will not be disproportionately hurt by a levelling of payments that will inevitably occur. How would your business cope with perhaps a 50% cut in EU support? Have a look at the last 3 years of your accounts, reduce the Single Farm Payment and the Environmental Payment by half and plot the profit and loss might be an interesting exercise.
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