Alicia Kearns

Alicia Kearns

Conservative — Rutland and Stamford

Speaking in the House of Commons on 4 November 2024

Debate

Budget: Implications for Farming Communities

Contribution

At the Rutland ploughing contest this weekend, it was clear that farmers feel devastated. They feel that the Government do not understand them, because farmers do not have liquid wealth; they rely on land as their asset to produce food. They turn a small profit but have a very constrained cash flow. Indeed, they have the lowest return on assets of any business sector—an average return of less than 1%. “Losing a farm is not like losing any other business. It can’t come back.” Those are the Prime Minister’s words. As the Minister’s constituency is a near neighbour of mine, will he come and repeat them to my farmers in Rutland and Stamford, and have that discussion with them?

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