Andy Bell

A farmer spots " how @Keir_Starmer 's new best buddies at BlackRock are going to screw you over in 7 steps. "1. They will start buying up small plots of agricultural land at double the normal price. They will issue a directive to all of their energy companies simultaneously to aggressively acquire plots for carbon capture. These third parties will start bidding against each other and force the value of agricultural land up. "2. Initially farmers won't believe their luck - "these city folks are mad! if they want to buy an acre for £50K, who am I to say no to these fools" is what you'll hear down the pub. "3. These crazy prices will set record high comparisons for agricultural land. When a farmer dies, their farm will be valued using these new metrics and the next generation will discover the farm they thought was worth £3M is worth £9M and they don't have anything close to the money needed to cover the tax. "4. In swoops a BlackRock subsidiary with a "Agri Debt Finance Tax Relief" product to lend them 20% the "value" of their farm so they can pay the taxes. "5. The debt will come with conditions (a covenant) that the farm has to adopt and maintain certain practices. It has to use certain BlackRock owned fertilisers, software, machinery and labour solutions that get the farm ready to interface with a larger conglomerate. "6. When a farm cannot make its debt payments, it is sold at auction. BlackRock subsidiaries are instructed NOT to buy these farms at auction. They have a special arrangement to buy the unsold farms at a rate that covers the unpaid debt plus outstanding fees and taxes to government... basically what the farm was originally worth. "7. A BlackRock subsidiary then takes over the farm, consolidates it with a massive group of farms and uses illegal immigrant labour to staff the farm (which will be another government program they institute to deal with the immigration crisis). The government will literally pay for the labour costs as part of this plan making the farms wildly profitable and making small family farms unable to compete." thefarmingforum.co.uk/index.…