Consequential Amendments

Part of Orders of the Day — Agricultural Tenancies Bill [Lords] – in the House of Commons at 6:11 pm on 19th April 1995.

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Photo of Geoffrey Clifton-Brown Geoffrey Clifton-Brown , Cirencester and Tewkesbury 6:11 pm, 19th April 1995

Either the hon. Gentleman was not listening or he did not understand what I was saying. I was talking about more institutional money being available to buy land specifically to let to younger tenants. That is exactly what I want to see. At present, younger people cannot afford to buy and farm the bulk of the agricultural land that is held. The capital involved is so great and the return on capital so low that unless someone has a huge amount of capital behind him or is lucky enough, as I was, to inherit a farm, it is impossible to enter the industry.

As a Conservative, I want to encourage young entrepreneurial individuals, who perhaps have been involved in the industry as contractors or merchants, for example. I hope that they will have the opportunity to farm a small amount of land, thereby getting on to the farming ladder. We want to encourage entrepreneurial and innovative people to go into the industry for the benefit of that industry, so that our industry remains the most efficient in Europe.

I wholeheartedly welcome the Bill. I urge the House to give it a Third Reading as soon as possible so that it can be put on to the statute book forthwith and the industry can benefit thereby.