Examination of Witnesses

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

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Photo of George Eustice George Eustice The Minister of State, Department for Environment, Food and Rural Affairs 4:13 pm, 11th February 2020

Q I suppose the point I was making was less to do with the market. If you removed from the market the roughly £100 per acre basic payment scheme payment—if that just vanished—what is the land then worth to rent? I am assuming that it was a market rent, but it would become, potentially, a buyers’ market rather than a sellers’ market, as now.