Examination of Witnesses

Part of Agriculture Bill – in a Public Bill Committee at 4:13 pm on 11th February 2020.

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Judicaelle Hammond:

I do not think it is that easy. As George was saying, several things make up land rents. One of them is what you can get for what you do with that land. It is right that it should be left to the market. It may well be that some of the rent levels are unsustainable. I think they will probably adjust as we change regimes, but I do not think that being bound by a formulaic rent system is a good idea in a system where there is uncertainty in trading conditions and there needs to be some flexibility.