Was at an NFU hustings last night and there was a great sense of outrage on display. People kept saying that the subsidy was £3 billion a year and the total output was £3 billion a year. This therefore proved that farmers were hard done by.
Erm, no it doesn\’t, it shows that farming offers no economic return whatsoever. If output is equal to subsidy then we\’re entirely wasting all of the other inputs into the system. The labour, land and so on are all being consumed (or used) for no added value at all.
In purely economic terms we\’d be better off by not having the subsidy and not having the farming.
(Yes, I am ignoring the value of a nice countryside etc. But they were making an economic argument, not an environmental one.)