So it must have a special place in national economic policy.
Ideally, policy should abolish ALL taxation on farm productivity and exempt them from VAT.
And to hypothecate that, must then confiscate all the rent of that farmland.
That's fair isn't it?
Yes, there are some farmers who just own the land. And others who just pull a plough and herd livestock. And some of these do a bit of both.
So what? For the portion that a farmer pulls a plough he will be exempt from tax. And for the portion that a farmer is collecting rent, he will no longer collect it. It will be confiscated to make up for the exemptions. Thats fair, for farming. Likewise for sale of farm land and real estate.
How in this universe can this policy harm farming? And in what possible way can it not deliver an enormous boom to farming?
Farming is the primary production process. It is the foundation of all other production in the nation. Without it, or if it gets neglected as it has been for the past 70 years, the nation will decline and fall.
Super attention should be given to farming. It is the primary production process. All other productivity sits on top of farming.
I do not mean subsidies, per se. Which have never benefited farming. Because all subsidy on land always adds to the rental value and selling price of the farm land. Farm subsidy never helps the farmer who pulls a plough. Only the landlord who collect the farmers rent or lower income if using a tied cottage.
The inheritance tax fiasco is just that. The complaint is being made by the land owner portion of farming to get a tax break on their primary residence. Not a tax break for the farmer and their capital which is far more necessary to help British farming. Another sham. If the landowner wants to escape inheritance tax, then make the farmhouse the primary residence and not part of the farm business. Simple. And fair.
The best way to help farming is to abolish all the taxes they pay. And to collect 100% the rent of the farm land.