| answer text |
<p>We know that some farmers who wish to retire or leave the industry can find it
difficult to do so and lack of finance can be one of the barriers to exit. We think
that a lump sum exit scheme could help such farmers leave the industry in a planned
way. By freeing up land, the scheme will also open up opportunities for new entrants
and expanding farmers.</p><p>We believe that the proposed lump sum exit scheme will
offer good value for the taxpayer. The lump sum will be in place of the Direct Payments
farmers could otherwise have received between 2022 to 2027, as we transition to our
new farming system outside the Common Agricultural Policy.</p><p>This means that the
scheme will not increase overall spending on farming. It will not affect the money
available for other schemes.</p><p>To ensure value for money for the taxpayer, we
have proposed a payment cap that will make sure farmers do not receive a lump sum
which is higher in value than the amount they could have otherwise received in Direct
Payments for 2022 to 2027.</p>
|
|
