This looks so insanely profitable that I simply have to be missing something here. It just cannot be existing.
So, single farm payments, the CAP subsidies. There\’s a market in them (the farmer can sell the subsidy stream and keep the land. You can buy the stream but not the land.)
If I pay them £240 then I get a stream of income over the next 5 years totalling £786?
I don\’t have to do anything, the government just sends me the cheques? And it\’s guaranteed?
Why is anyone selling these at these prices? And why isn\’t everyone buying them?
What\’s the catch?