From a large and decrepit building in SW1:
Re your CapX story, and speaking as a landowner and landlord,
All of which makes our post-Brexit farming subsidy system obvious enough. We can lower the cost of becoming a farmer by lowering that input cost of land. All we need to do is stop sending money to the people who currently own that land. Sounds like a bit of a plan, really. And given that this is pretty much all that we currently actually do to “subsidise” farming, doing away with this malpractice means that we’ll just stop subsidising the entire sector completely.
Britain’s future farm subsidy system should be not to have one. Precisely because of the new evidence on land prices, even thinking about that outcome lowers the price of farmland – and why on earth would we want that to be expensive in the first place? As long as we’re not landlords, of course.