This time last year there could be no doubt. The slurry was about to hit the air-conditioning. Ray MacSharry’s talked-about, worried-about but as-yet unpublished Common Agricultural Policy reforms were going to be disastrous. The experts were unanimous. British farms in general, and big farms in particular, would be hit very hard. Setaside was going to be introduced and we would receive compensation for only the first fifteen acres, just like a Portuguese peasant. As if that were not enough, the Intervention price for cereals was going to fall and the co-responsibility levy would rise.