Research by the University of Wageningen – the top-rated university worldwide for agriculture – has flagged up that UK farmers will be £14,750 a year worse off after Brexit.
This is caused by reductions in subsidies and loss of income from falls in prices for produce.
Specifically, the university predicts a fall in the price of lamb. Import tariffs into the EU will reduce exports resulting in over-supply in the UK market. This could result in UK hill farmers struggling to survive. Under the best case scenario they predict 10% of farms will be less viable.
To use an apt analogy – Richmond farmers voting Tory are turkeys voting for Christmas.
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