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My hon. Friend makes an excellent point. That is precisely what I am trying to get at—our farmers can compete with any farmers in the world, provided they have a level playing field.
It is not only regulation that could be an obstacle to them. There could be a tariff schedule that broadly supports European farmers and disadvantages British farmers. For example, lamb producers in the Cotswolds, who work in a very important farming sector, could be undercut by New Zealand lamb being brought into this country with zero tariffs, while they face an adverse European tariff that prevents them from continuing their lucrative export to Europe.
The new ELMS and productivity scheme needs to be implemented on time, to see how it works in practice and to play an important role in achieving net zero goals. If it is not introduced on time in 2024, there will be a gap in funding. Many experts believe that introducing it on time will be extremely difficult, and that it is more likely to slip from 2024 to 2028, which will produce a gap in funding. We have an opportunity, post Brexit, to create a progressive, carbon-neutral model of farming in the UK, with the NFU committed to an ambitious target of the sector being carbon-neutral by 2040.
The Bill prepares our farming industry for the future, so that it can meet the needs of this country, and with that comes consideration of the younger generation of farmers. The lump sum payment provisions should be more geared towards encouraging young people into farming. As they stand, the provisions could well lead to some areas of the country simply not being farmed, because there will be land without the ability to get any subsidy whatsoever.
Farming has experienced a huge technological transformation in the past 10 years, with better IT, better animal husbandry, better use of GPS, improved agricultural chemicals and soil sampling, and a host of other technological improvements. Those advances in the agricultural industry will no doubt continue at pace. Younger generations can quickly adapt to new technology, as I am finding with my son, who has just moved to my farm. We must support them, so that they can play a bigger part in British agricultural production, considerably increasing productivity and environmental and animal welfare standards.