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The UK is stepping away from EU farm subsidies

The UK is stepping away from EU farm subsidies

Field Notes, powered by KPMG, is a weekly news update on news nationally and globally from the agri-food sector.

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Ian Proudfoot

Global Head of Agribusiness, Partner - Audit

KPMG in New Zealand

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[17 January, Erik Stokstad, Science Magazine]

After the UK leaves the European Union at the end of January, it will no longer be under the rule of Europe’s farm subsidy policies. This week, the British government proposed radical changes to £3 billion (approx. NZD$6 billion) a year in agricultural spending that will focus the money on benefits to climate, ecosystems, and the public which has been called an agricultural revolution. It will result in farmers given subsidies for producing ‘’public goods’’, which includes sequestering carbon in trees or soil, enhancing habitat with pollinator-friendly flowers, and improving public access to the countryside.

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