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Post by iancransonsknees on Nov 22, 2024 14:16:50 GMT
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Post by stokeson on Nov 22, 2024 14:23:10 GMT
Your opinion.Who really cares about rich dodging tax...... |
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Post by wannabee on Nov 22, 2024 15:31:25 GMT
This is deceitful on several levels Without quoting the exact figures she was using an example of 500 Acres at £10,000 an Acre = £5M. She then deducted the £1M exemption so £4M x 20% = £800K payable over 10 years. On the face of it a hefty bill but most people would accept a £5M Asset on those terms. But her calculations are deliberately misleading and her refusal to say what threshold some people should pay Tax telling Firstly even in the worst case scenario everyone receives a £325K TFA plus another £175K if a dwelling is involved. So the TFA is now £1.5M. if the Farm has been jointly owned by a Husband/Wife or Partners the TFA doubles to £3M so the Tax then becomes £400K paid over 10 years so even more attractive to an inheritor. 500 Acres is a very substantial Farm but the average size Farm in UK is 220 Acres or a value of £2.2M which would incur no tax if passed down by Parents to a Child But the whole narrative is misleading for one very fundamental reasons. The narrative has been that a Family Farm will have to be sold to pay Inheritance Tax. But 64% of Farms in UK are rented by Landlords to Tenants. So two-thirds of UK arable land passes down the generations Tax Free to generate an income for people sitting on their arse. No wonder it is such an attractive investment vehicle. It is the Tenant Farmers that should be people's concern who are Renting because they can't afford to Buy, sound familiar? If the investment in farmland becomes less attractive to investors it will drive down the price of land as an unintended but good consequence so more Tenants may be able to buy rather than rent. It won't affect the Family Farm because we are told they love the land and have no intention of selling. www.ts-p.co.uk/insights/tenant-farmers-and-the-rock-review/ |
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Post by Rednwhitenblue on Nov 22, 2024 16:07:14 GMT
Aside from the fact that whichever colour of government is in national power, the opposite colour always does better locally, will it really add to the list of Labour losses that much? Almost all of the two tier shire (farming) counties are Tory controlled already, while most of the more urban areas are not. I'm sure all those farmers currently dodging IHT wouldn't have been voting Labour anyway. They know which side their bread is buttered irrespective of whether there is a £40bn hole in the public finances that needs dealing with. Outside of that cohort, and a few on here who previously had no idea or cared whether farmers were IHT exempt and have jumped on the bandwagon purely to have a go at a government they don't support, I'd suspect that most people aren't all that bothered that farmers are having their forty year window of IHT dodging closed. Especially if things like waiting lists start slowly moving in the right direction like they did under the previous Labour administration. |
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Post by mickeythemaestro on Nov 22, 2024 17:33:00 GMT
Aside from the fact that whichever colour of government is in national power, the opposite colour always does better locally, will it really add to the list of Labour losses that much? Almost all of the two tier shire (farming) counties are Tory controlled already, while most of the more urban areas are not. I'm sure all those farmers currently dodging IHT wouldn't have been voting Labour anyway. They know which side their bread is buttered irrespective of whether there is a £40bn hole in the public finances that needs dealing with. Outside of that cohort, and a few on here who previously had no idea or cared whether farmers were IHT exempt and have jumped on the bandwagon purely to have a go at a government they don't support, I'd suspect that most people aren't all that bothered that farmers are having their forty year window of IHT dodging closed. Especially if things like waiting lists start slowly moving in the right direction like they did under the previous Labour administration. Nothing to do with using it as something to bash this govt with. For me it's quite a simple concept. It'll raise fuck all in the scheme of things. Yet it risks breaking up land ownership in the countryside and it risks our food security. And certainly does feck all to help this government's aim to hit net zero with food imports going up. When I balance those things out I see it as a pointless exercise that has done nothing but make the govt look idiots. And when the farms start being broken up or sold in whole who'll be sweeping in and buying them? BlackRock perhaps? Jim Ratcliffe and the likes? Geopolitically we are goosed currently. Is it wise to be messing about with our food security with that in the background. We already import energy. We can't make our own steel. And now we want to become more dependant on others for our food. We don't make fuck all else of any significance. Is this a wise thing to be doing for a few quid and the right to say yay we got those scrounging farmers to pay their dues? Not only do these farmers make food. They maintain the countryside. They have decades of knowledge of how that countryside works down to the finest details. That knowledge will be lost. It's a shit policy all based on ideology. Anyone cheering it on in my considered opinion is very much on the wrong side of the arguement. |
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Post by Rednwhitenblue on Nov 22, 2024 19:03:58 GMT
Aside from the fact that whichever colour of government is in national power, the opposite colour always does better locally, will it really add to the list of Labour losses that much? Almost all of the two tier shire (farming) counties are Tory controlled already, while most of the more urban areas are not. I'm sure all those farmers currently dodging IHT wouldn't have been voting Labour anyway. They know which side their bread is buttered irrespective of whether there is a £40bn hole in the public finances that needs dealing with. Outside of that cohort, and a few on here who previously had no idea or cared whether farmers were IHT exempt and have jumped on the bandwagon purely to have a go at a government they don't support, I'd suspect that most people aren't all that bothered that farmers are having their forty year window of IHT dodging closed. Especially if things like waiting lists start slowly moving in the right direction like they did under the previous Labour administration. Nothing to do with using it as something to bash this govt with. For me it's quite a simple concept. It'll raise fuck all in the scheme of things. Yet it risks breaking up land ownership in the countryside and it risks our food security. And certainly does feck all to help this government's aim to hit net zero with food imports going up. When I balance those things out I see it as a pointless exercise that has done nothing but make the govt look idiots. And when the farms start being broken up or sold in whole who'll be sweeping in and buying them? BlackRock perhaps? Jim Ratcliffe and the likes? Geopolitically we are goosed currently. Is it wise to be messing about with our food security with that in the background. We already import energy. We can't make our own steel. And now we want to become more dependant on others for our food. We don't make fuck all else of any significance. Is this a wise thing to be doing for a few quid and the right to say yay we got those scrounging farmers to pay their dues? Not only do these farmers make food. They maintain the countryside. They have decades of knowledge of how that countryside works down to the finest details. That knowledge will be lost. It's a shit policy all based on ideology. Anyone cheering it on in my considered opinion is very much on the wrong side of the arguement. Nice words but I'd be amazed if anyone, on here especially, knew anything at all about farmers being exempt from IHT, yet suddenly it's a major criticism of the current government! I agree about everything being sold off to the highest bidder, with increasingly little being grown, made or manufactured here. Not good. And we all know whose policy that fundamentally is! I'm all for closing tax loopholes. Including farmers, who already benefit from enormous levels of help loads of other industrues and individuals simply don't get. There's a perfectly legitimate criticism of the govt to be made when it comes to not doing enough to tax the rich (although they have taken action already re non-doms) but the fuss about farmers on here in particular just smacks of bandwagon jumping and wanting something, anything, to have a pop about. It's a bit obvious! |
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Post by Seymour Beaver on Nov 22, 2024 19:45:31 GMT
Nothing to do with using it as something to bash this govt with. For me it's quite a simple concept. It'll raise fuck all in the scheme of things. Yet it risks breaking up land ownership in the countryside and it risks our food security. And certainly does feck all to help this government's aim to hit net zero with food imports going up. When I balance those things out I see it as a pointless exercise that has done nothing but make the govt look idiots. And when the farms start being broken up or sold in whole who'll be sweeping in and buying them? BlackRock perhaps? Jim Ratcliffe and the likes? Geopolitically we are goosed currently. Is it wise to be messing about with our food security with that in the background. We already import energy. We can't make our own steel. And now we want to become more dependant on others for our food. We don't make fuck all else of any significance. Is this a wise thing to be doing for a few quid and the right to say yay we got those scrounging farmers to pay their dues? Not only do these farmers make food. They maintain the countryside. They have decades of knowledge of how that countryside works down to the finest details. That knowledge will be lost. It's a shit policy all based on ideology. Anyone cheering it on in my considered opinion is very much on the wrong side of the arguement. Nice words but I'd be amazed if anyone, on here especially, knew anything at all about farmers being exempt from IHT, yet suddenly it's a major criticism of the current government! I agree about everything being sold off to the highest bidder, with increasingly little being grown, made or manufactured here. Not good. And we all know whose policy that fundamentally is! I'm all for closing tax loopholes. Including farmers, who already benefit from enormous levels of help loads of other industrues and individuals simply don't get. There's a perfectly legitimate criticism of the govt to be made when it comes to not doing enough to tax the rich (although they have taken action already re non-doms) but the fuss about farmers on here in particular just smacks of bandwagon jumping and wanting something, anything, to have a pop about. It's a bit obvious! Any farmer who's offspring wish to continue in farming can have the farm gifted to them whilst senior is still alive and pay no tax. They can continue to work and run the farm -just that the son/daughter becomes the legal owner. Those sons and daughters who don't wish to continue would simply flog off the farm anyway - so why shouldn't they pay tax? This change is specifically targetting the Clarksons -who makes his money writing side splittingly hilarious books about how inept he is at farming and who boasted to the Times in 2013 that be had bought his thousand acres specifically to avoid IHT. Well boo hoo. Any genuine heritage farming family should find it relatively easy to pass their farms down the line without picking up any significant tax bills. |
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Post by crouchpotato1 on Nov 22, 2024 19:55:34 GMT
Nice words but I'd be amazed if anyone, on here especially, knew anything at all about farmers being exempt from IHT, yet suddenly it's a major criticism of the current government! I agree about everything being sold off to the highest bidder, with increasingly little being grown, made or manufactured here. Not good. And we all know whose policy that fundamentally is! I'm all for closing tax loopholes. Including farmers, who already benefit from enormous levels of help loads of other industrues and individuals simply don't get. There's a perfectly legitimate criticism of the govt to be made when it comes to not doing enough to tax the rich (although they have taken action already re non-doms) but the fuss about farmers on here in particular just smacks of bandwagon jumping and wanting something, anything, to have a pop about. It's a bit obvious! Any farmer who's offspring wish to continue in farming can have the farm gifted to them whilst senior is still alive and pay no tax. They can continue to work and run the farm -just that the son/daughter becomes the legal owner. Those sons and daughters who don't wish to continue would simply flog off the farm anyway - so why shouldn't they pay tax? This change is specifically targetting the Clarksons -who makes his money writing side splittingly hilarious books about how inept he is at farming and who boasted to the Times in 2013 that be had bought his thousand acres specifically to avoid IHT. Well boo hoo. Any genuine heritage farming family should find it relatively easy to pass their farms down the line without picking up any significant tax bills. Where’s our resident Farmer Giles to add his four penneth😊Is he still learning French to impress his daughter in law 🤣 |
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Post by Seymour Beaver on Nov 22, 2024 20:19:44 GMT
Any farmer who's offspring wish to continue in farming can have the farm gifted to them whilst senior is still alive and pay no tax. They can continue to work and run the farm -just that the son/daughter becomes the legal owner. Those sons and daughters who don't wish to continue would simply flog off the farm anyway - so why shouldn't they pay tax? This change is specifically targetting the Clarksons -who makes his money writing side splittingly hilarious books about how inept he is at farming and who boasted to the Times in 2013 that be had bought his thousand acres specifically to avoid IHT. Well boo hoo. Any genuine heritage farming family should find it relatively easy to pass their farms down the line without picking up any significant tax bills. Where’s our resident Farmer Giles to add his four penneth😊Is he still learning French to impress his daughter in law 🤣 Mange tout Rodney, Mange tout. |
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Post by mrcoke on Nov 22, 2024 20:24:30 GMT
Here is the latest BBC calculations: www.bbc.co.uk/news/articles/c789yggdxn3oI can't help feeling this is a bit if a storm in a teacup. I have every respect for genuine small farmers who get the rough end of the weather, the supermarket chains, and formerly the CAP subsidies which 80% went to the largest farmers and landowners., who naturally squealed about it. I live here in God's country, North Yorkshire and see farm workers working everyday for all hours, they must be the lowest hourly paid workers They run the constant risk of all their hard work being washed away, "burnt off" due to drought, or prices collapsing. Plus they have seen a huge increase in their costs due to the energy inflation. So when they do get a bonanza year, I say good luck to them. There is a very wide variation in income and growth from chicken farms booming, wine production growing fast, to hill farming barely eeking out a living. Some farmers can make more money turning farm land over to solar power. Turning to farm values, these have surged due to rich people moving in to avoid tax. Farm capital values are well in excess of the farm incomes, which are low investment return. Surely if the government are moving to close this tax loophole for the very rich then they will move out of farming and find another way of avoiding tax? If so, then land values will fall as farms are sold. Then there are those small farmers who say " enough is enough " and sell up, also depressing land value. Farmers are smart and will form family cooperatives so the family share the ownership. Another option is equity release, and passing on ownership early. No doubt there will some poor individuals who get caught out and suffer but I expect at the end of the day the whole exercise will prove futile and a waste of government time and cost more to implement than the net revenue raised by the exchequer. Is Clarkson going to be a loser? There is a danger that this initiative could actually reduce farm production which is highly undesirable with climate change and environmental impact reduction legislation probably reducing world food production. Leaving the EU has given the UK a huge opportunity to reform agriculture which will never happen in the EU with the powerful farming and food processing lobbies, and rebuild agriculture on efficient subsidy free lines like New Zealand. But that will take decades not a few seasons. Make sure next time you shop, you buy British  |
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Post by crouchpotato1 on Nov 22, 2024 22:06:36 GMT
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Post by metalhead on Nov 22, 2024 23:59:17 GMT
This is deceitful on several levels Without quoting the exact figures she was using an example of 500 Acres at £10,000 an Acre = £5M. She then deducted the £1M exemption so £4M x 20% = £800K payable over 10 years. On the face of it a hefty bill but most people would accept a £5M Asset on those terms. But her calculations are deliberately misleading and her refusal to say what threshold some people should pay Tax telling Firstly even in the worst case scenario everyone receives a £325K TFA plus another £175K if a dwelling is involved. So the TFA is now £1.5M. if the Farm has been jointly owned by a Husband/Wife or Partners the TFA doubles to £3M so the Tax then becomes £400K paid over 10 years so even more attractive to an inheritor. 500 Acres is a very substantial Farm but the average size Farm in UK is 220 Acres or a value of £2.2M which would incur no tax if passed down by Parents to a Child But the whole narrative is misleading for one very fundamental reasons. The narrative has been that a Family Farm will have to be sold to pay Inheritance Tax. But 64% of Farms in UK are rented by Landlords to Tenants. So two-thirds of UK arable land passes down the generations Tax Free to generate an income for people sitting on their arse. No wonder it is such an attractive investment vehicle. It is the Tenant Farmers that should be people's concern who are Renting because they can't afford to Buy, sound familiar? If the investment in farmland becomes less attractive to investors it will drive down the price of land as an unintended but good consequence so more Tenants may be able to buy rather than rent. It won't affect the Family Farm because we are told they love the land and have no intention of selling. www.ts-p.co.uk/insights/tenant-farmers-and-the-rock-review/Good post. |
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Post by roylandstoke on Nov 23, 2024 0:11:48 GMT
Can’t believe I opened that link; what a hateful, frightened fear spreading pile of shite The Express is. |
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Post by mickeythemaestro on Nov 23, 2024 9:32:34 GMT
Can’t believe I opened that link; what a hateful, frightened fear spreading pile of shite The Express is. Hopefully you work in a place that offers counselling to deal with the stress that article has caused you 😉 |
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Post by Rednwhitenblue on Nov 23, 2024 10:23:00 GMT
Nice words but I'd be amazed if anyone, on here especially, knew anything at all about farmers being exempt from IHT, yet suddenly it's a major criticism of the current government! I agree about everything being sold off to the highest bidder, with increasingly little being grown, made or manufactured here. Not good. And we all know whose policy that fundamentally is! I'm all for closing tax loopholes. Including farmers, who already benefit from enormous levels of help loads of other industrues and individuals simply don't get. There's a perfectly legitimate criticism of the govt to be made when it comes to not doing enough to tax the rich (although they have taken action already re non-doms) but the fuss about farmers on here in particular just smacks of bandwagon jumping and wanting something, anything, to have a pop about. It's a bit obvious! Any farmer who's offspring wish to continue in farming can have the farm gifted to them whilst senior is still alive and pay no tax. They can continue to work and run the farm -just that the son/daughter becomes the legal owner. Those sons and daughters who don't wish to continue would simply flog off the farm anyway - so why shouldn't they pay tax? This change is specifically targetting the Clarksons -who makes his money writing side splittingly hilarious books about how inept he is at farming and who boasted to the Times in 2013 that be had bought his thousand acres specifically to avoid IHT. Well boo hoo. Any genuine heritage farming family should find it relatively easy to pass their farms down the line without picking up any significant tax bills. Indeed. Meanwhile sit back and enjoy the spectacle of those who made less than a dormouse fart's worth of noise when Liz Truss and Kwasi Kwarteng blew a £40bn hole in the national finances suddenly become incredibly invested in and critical of agricultural IHT changes 🤣 |
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Post by metalhead on Nov 23, 2024 12:23:49 GMT
So I went and actually read the rules around gifting a farm to your kids and whether its a viable option.
If they (mum and dad) still want to live there, they have to pay market rent and if they want to keep working, it can only be on volunteer basis without any financial benefit.
So it's as simple as making yourself homeless and unemployed.
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Post by wannabee on Nov 23, 2024 15:06:15 GMT
So I went and actually read the rules around gifting a farm to your kids and whether its a viable option. If they (mum and dad) still want to live there, they have to pay market rent and if they want to keep working, it can only be on volunteer basis without any financial benefit. So it's as simple as making yourself homeless and unemployed. A. Parent(s) can gift a Farmhouse to a child(ren) with reservation of benefit GWROB meaning they can continue to live Rent Free. The normal 7 year rule applies with tapering after 3. B. An adult child working on family farm is a PAYE Tax payer and the Parent pays tax on profits. With transfer of title the roles are reversed if income for the Parent is required. If a Family are unable to resolve the straightforward A and B refer to opening paragraph |
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Post by Gawa on Nov 24, 2024 18:13:48 GMT
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Post by wannabee on Nov 24, 2024 19:11:07 GMT
A rather poorly written Article, not your fault Someway down the page but not explained Farmers get the same £325,000 IHT allowance that applies to everyone.
When it comes to the £1m cap on APR, there can be a cumulative effect if a farm passes from
spouse to spouse to child, depending on how a
will is constructed.So £1M + £1M + £325K + £325K = £2.65M if a House is included + £175K = £2.825M Simples |
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Post by mickeythemaestro on Nov 24, 2024 19:23:09 GMT
A rather poorly written Article, not your fault Someway down the page but not explained Farmers get the same £325,000 IHT allowance that applies to everyone.
When it comes to the £1m cap on APR, there can be a cumulative effect if a farm passes from
spouse to spouse to child, depending on how a
will is constructed.So £1M + £1M + £325K + £325K = £2.65M if a House is included + £175K = £2.825M Simples Still justifying a pointless policy chief 🤣 500m for this heat👍. Labour need a new PR team and you ain't the man for the job🤣 |
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Post by wannabee on Nov 24, 2024 20:15:06 GMT
A rather poorly written Article, not your fault Someway down the page but not explained Farmers get the same £325,000 IHT allowance that applies to everyone.
When it comes to the £1m cap on APR, there can be a cumulative effect if a farm passes from
spouse to spouse to child, depending on how a
will is constructed.So £1M + £1M + £325K + £325K = £2.65M if a House is included + £175K = £2.825M Simples Still justifying a pointless policy chief 🤣 500m for this heat👍. Labour need a new PR team and you ain't the man for the job🤣 Well Chief if you're accepting the Official Estimates then in year 2029/30 520 Farms will pay £500M IHT so on average about £1M each, hardly pointless. Personally I'd have put the full 40% rate above a threshold of say £10M As I said previously it may have unintended consequences of lowering arable land prices as people who buy land as a Tax Dodge stop, sell up and Tenant Farmers, who actually do farm, may be able to buy rather than rent Land. The IHT is not due to come into effect until April 2026 so I wouldn't be surprised if there are some tweaks. I think if land inherited using the lower Tax Rates if sold within 7 years the full 40% should apply with the usual tapering after 3. I think someone may have said something similar or the same previously |
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Post by prestwichpotter on Nov 25, 2024 17:27:49 GMT
Confirmation for those few that still need it that Lee Anderson and his pals are absolute pieces of shit......
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Post by Chewbacca the Wookie on Nov 25, 2024 23:14:48 GMT
Confirmation for those few that still need it that Lee Anderson and his pals are absolute pieces of shit...... Ash Sarker is a communist not someone I’d take much notice of |
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Post by crouchpotato1 on Nov 27, 2024 16:27:34 GMT
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Post by salopstick on Nov 27, 2024 18:18:07 GMT
Further to the above, just found this on another thread, (thanks @principal skinner and X)
Watch out British Farmers, This is how @keir_Starmer 's new best buddies at BlackRock are going to screw you over in 7 steps ...
1. They will start buying up small plots of agricultural land at double the normal price. They will issue a directive to all of their energy companies simultaneously to aggressively acquire plots for carbon capture. These third parties will start bidding against each other and force the value of agricultural land up.
2. Initially farmers won't believe their luck - "these city folks are mad! if they want to buy an acre for £50K, who am I to say no to these fools" is what you'll hear down the pub.
3. These crazy prices will set record high comparisons for agricultural land. When a farmer dies, their farm will be valued using these new metrics and the next generation will discover the farm they thought was worth £3M is worth £9M and they don't have anything close to the money needed to cover the tax.
4. In swoops a BlackRock subsidiary with a "Agri Debt Finance Tax Relief" product to lend them 20% the "value" of their farm so they can pay the taxes.
5. The debt will come with conditions (a covenant) that the farm has to adopt and maintain certain practices. It has to use certain BlackRock owned fertilisers, software, machinery and labour solutions that get the farm ready to interface with a larger conglomerate.
6. When a farm cannot make its debt payments, it is sold at auction. BlackRock subsidiaries are instructed NOT to buy these farms at auction. They have a special arrangement to buy the unsold farms at a rate that covers the unpaid debt plus outstanding fees and taxes to government... basically what the farm was originally worth.
7. A BlackRock subsidiary then takes over the farm, consolidates it with a massive group of farms and uses illegal immigrant labour to staff the farm (which will be another government program they institute to deal with the immigration crisis). The government will literally pay for the labour costs as part of this plan making the farms wildly profitable and making small family farms unable to compete.
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Post by mickeythemaestro on Nov 27, 2024 18:59:18 GMT
Confirmation for those few that still need it that Lee Anderson and his pals are absolute pieces of shit...... Careful chief. You'll be getting a knock on the door from the stasi for posting shyte like this 😉 Edit. Dont know how that happened but my response wasn't to you Prestwich. It was meant for the post above🙄🤦♂️ |
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Post by Dutchpeter on Nov 27, 2024 19:17:26 GMT
Further to the above, just found this on another thread, (thanks @principal skinner and X) Watch out British Farmers, This is how @keir_Starmer 's new best buddies at BlackRock are going to screw you over in 7 steps ... 1. They will start buying up small plots of agricultural land at double the normal price. They will issue a directive to all of their energy companies simultaneously to aggressively acquire plots for carbon capture. These third parties will start bidding against each other and force the value of agricultural land up. 2. Initially farmers won't believe their luck - "these city folks are mad! if they want to buy an acre for £50K, who am I to say no to these fools" is what you'll hear down the pub. 3. These crazy prices will set record high comparisons for agricultural land. When a farmer dies, their farm will be valued using these new metrics and the next generation will discover the farm they thought was worth £3M is worth £9M and they don't have anything close to the money needed to cover the tax. 4. In swoops a BlackRock subsidiary with a "Agri Debt Finance Tax Relief" product to lend them 20% the "value" of their farm so they can pay the taxes. 5. The debt will come with conditions (a covenant) that the farm has to adopt and maintain certain practices. It has to use certain BlackRock owned fertilisers, software, machinery and labour solutions that get the farm ready to interface with a larger conglomerate. 6. When a farm cannot make its debt payments, it is sold at auction. BlackRock subsidiaries are instructed NOT to buy these farms at auction. They have a special arrangement to buy the unsold farms at a rate that covers the unpaid debt plus outstanding fees and taxes to government... basically what the farm was originally worth. 7. A BlackRock subsidiary then takes over the farm, consolidates it with a massive group of farms and uses illegal immigrant labour to staff the farm (which will be another government program they institute to deal with the immigration crisis). The government will literally pay for the labour costs as part of this plan making the farms wildly profitable and making small family farms unable to compete. One day, real socialists will come after the middle classes. Careful what you wish for plastic Lenin’s. |
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Post by wannabee on Nov 27, 2024 20:49:48 GMT
Further to the above, just found this on another thread, (thanks @principal skinner and X) Watch out British Farmers, This is how @keir_Starmer 's new best buddies at BlackRock are going to screw you over in 7 steps ... 1. They will start buying up small plots of agricultural land at double the normal price. They will issue a directive to all of their energy companies simultaneously to aggressively acquire plots for carbon capture. These third parties will start bidding against each other and force the value of agricultural land up. 2. Initially farmers won't believe their luck - "these city folks are mad! if they want to buy an acre for £50K, who am I to say no to these fools" is what you'll hear down the pub. 3. These crazy prices will set record high comparisons for agricultural land. When a farmer dies, their farm will be valued using these new metrics and the next generation will discover the farm they thought was worth £3M is worth £9M and they don't have anything close to the money needed to cover the tax. 4. In swoops a BlackRock subsidiary with a "Agri Debt Finance Tax Relief" product to lend them 20% the "value" of their farm so they can pay the taxes. 5. The debt will come with conditions (a covenant) that the farm has to adopt and maintain certain practices. It has to use certain BlackRock owned fertilisers, software, machinery and labour solutions that get the farm ready to interface with a larger conglomerate. 6. When a farm cannot make its debt payments, it is sold at auction. BlackRock subsidiaries are instructed NOT to buy these farms at auction. They have a special arrangement to buy the unsold farms at a rate that covers the unpaid debt plus outstanding fees and taxes to government... basically what the farm was originally worth. 7. A BlackRock subsidiary then takes over the farm, consolidates it with a massive group of farms and uses illegal immigrant labour to staff the farm (which will be another government program they institute to deal with the immigration crisis). The government will literally pay for the labour costs as part of this plan making the farms wildly profitable and making small family farms unable to compete. It's probably part of the WEF Great Reset and advances in AI will ultimately replace people. The Covid Vaccine was a trial run to see if people would accept being jabbed and Big Phrama have now developed a super vaccine like a happy pill which people will crave but keep them controlled. |
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