The Role of Real Estate Agents in the Location of Commercial Uses in redundant Farm Buildings
||The Role of Real Estate Agents in the Location of Commercial Uses in redundant Farm Buildings
||11th European Real Estate Society Conference (2-5 June 2004) Milano, Italy
||Farming has recently gone through its most difficult period for over half a century. A private sector survey conducted in October 2000 by Deloitte Touche concluded that farming incomes fell by 90% between 1995 and 2000 and predicted that farming fortunes would decline still further (Deloitte and Touche 2000). Farming has come under pressure from cyclical, structural and external factors. Exchange rates, the legacy of BSE and foot and mouth disease, reduced price support under the Common Agricultural Policy (CAP) and a fall in international commodity prices have combined to drive down prices and support and to drive up costs. The EU agrimonetary system offers the UK government the option of compensating farmers for the high value of sterling with EU payments. However details of the EU financial system means that most of the cost is borne by the UK taxpayer so the government is often reluctant to accept the payments.
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