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    The only rich farmers I know were all rich before they became farmers, either by making their money in other ways or through inherited wealth. The only small tenant farmer I know well struggles to get by year after year. In a good year he just manages to clear his overdraft, in a bad year he is left with £30k of debt. But he remains cheerful.

    PS farm land and buildings are exempt from inheritance tax. That's why rich people buy farms. They don't get rich from farming. It's a tax-efficient hobby.

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