Are you wondering what impact the BREXIT will have on the agricultural/farming industry? Keep reading this blog to find out more…
Firstly, if you are wondering what the ‘BREXIT’ it – it simply means ‘Britain Exit’ – Britain leaving the EU. Brtain has been a member of the EU since 1973.
If Britain leaves the EU – the farming industry could be affected in the following negative ways:
- At the moment British Farmer’s receive subsides from the EU – in other words farmers in the UK receive a sum of money from the EU public body to help support farms and farmers throughout the UK. If Britain leave’s the EU – then Britain’s farms and farmers will lose the subsides – meaning that the UK Government would have to support British farmers to stop them going out of business, and it is thought that the government may prioritise the savings and put them towards our countries deficits, forcing UK thousands of British farmers out of work.
- If Britain were to leave the EU, our country would need to re-negotiate some of our trade contracts with larger countries such as Canada, Korea – which could take up to 15 years. This halt in trade could affect the sector greatly.
- There would also be concerns for the horticultural industry accessing EU labour.
However, if Britain were to leave the EU, the farming industry could benefit because:
- We could negotiate our own trade agreements with Countries outside of the EU – 60% of our trade is currently outside of the EU – Iceland have proven that this can be achieved successfully.
- British Farmers can work more competitively as they will no longer be tied down by EU red tape – currently subject to lots of rules.
- If the UK pay British Farmers as much subsides as the EU currently do, the cost to British tax payers will be halved.
- As much as £6bn per year is paid into CAP (Common Agricultural Policy) – UK Farmers currently only receive £3bn back - effectively benefiting their French competitors who receive three times as much. By leaving the EU, British Farmers could be freed from burdens and complexities of the CAP – and our government could go on to develop ‘sensible’ farm policies.
- If Britain leave the EU – British farmers will be freed from the EU regulation, but will still have and enjoy access to EU trading, as many countries heavily rely on the UK for exports.
There is a case both for and against…
Do you think Britain should leave the EU?
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