21st birthday cake© Best Shot Factory/REX/Shutterstock
A 21st birthday should be cause for celebration. But as Farm Business Tenancies (FBTs) prepare for their “coming of age”  it is time to recognise that while they may have reformed land tenure they have let down the land. Many will suggest that FBTs have improved terms for the landlord at the expense of the tenant. Others may claim they have allowed greater access and opportunity for farmers. There is, however, no denying that the increased transactional costs associated with […]
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