12 December 2000
Duke cuts tenant farmers’ rents
By FWi staff
THE Duke of Westminster, the countrys richest aristocrat, has decided to cut or freeze the rent of tenant farmers, reports The Times.
The Duke, who owns more than 12,000 acres on his Grosvenor estates near Chester, has taken the stand due to the crisis in farming.
He believes farming is going through its worst crisis since the Industrial Revolution, and is particularly concerned about dairy farmers.
A spokesman for the Duke declined to give precise figures on the cuts, which are part of a three-year review.
George Dunn, chief executive of the Tenant Farmers Association, welcomed the news and called for other landowners to follow the Dukes example.
The Duke of Westminster has an estimated fortune of 3.7 billion.
- Money men drive out tenant farmers, FWi, 17 February, 2000
- TFA urges large landowners to cut rents, FWi, 12 March, 1999
- Tenant farmers urged to take on greedy landlords, FWi, 18 February, 1998