No reason for subsidies
Sir: For believers in free enterprise like me, it was hugely disappointing to read that Sir James Dyson, probably its most impressive UK exponent, has become a champion for taxpayer-funded subsidies for the farming industry (‘I like making things’, 29 July). He argues that they are necessary due to the cost of regulations and because other countries have them.
In any global market that UK companies operate in, such excuses for subsidies exist. As Dyson has the biggest farm operation in the UK, his leading the call for the continuation of subsidies to match EU levels should probably not be surprising, but it is still not very inspiring.
The value of farmland is now two and a half times what it was ten years ago. This increase is more than the FTSE 100’s and more than that of prime central London property. This is even with a correction since Brexit.
A plan to eliminate subsidies gradually would lead to necessary adjustments to business plans for the farming industry.
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