Kevin Hollinrake

Kevin Hollinrake

Conservative — Thirsk and Malton

Speaking in the House of Commons on 4 November 2024

Debate

Budget: Implications for Farming Communities

Contribution

The Minister talks about the transition. I talked to my farmers in Bedale on Friday, and the only transition they can see is the transition from family farms to the state. Does he realise that the farming industry is one of the least profitable sectors in the country? The return on capital employed is 0.5%—that is the Government’s own figure—and that is around a 20th of the typical profit margin in the UK. Other than by some warped socialist ideology, how can he justify taking away 40 years of profits for the typical farmer?

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