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Old Farmers paid to retire

Old Farmers paid to retireOld farmers are set to be paid up to £100,000 to retire in a bid to freshen the industry with newer workers who are keen on green methods reports The Daily Mail.

Environment Secretary Geroge Eustice believes that some older farmers are hesitant to employ new green methods. 

And because of Brexit, farmers can receive a higher payout compared to when Britain was in the EU.

Under EU rules, the average farmer would receive about £21,000 in grants, which Mr Eustice believes encourages some farmers to 'coast' and 'take no risks', according to the BBC.

A spokesman for the Department for Environment, Food and Rural Affairs (Defra), told BBC News: 'There's evidence that farmers who wish to leave farming can find it difficult to generate capital to do so.

'So, a lump sum payment could help contribute to the costs of moving somewhere new or moving into an alternative sector.'

In the UK nearly 40 per cent of farmers are over the age of 65 and according to a survey of 360 farmers, 75 per cent were seriously interested in the retirement scheme. 

Read more on The Daily Mail

 

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