Errmm, I agree. I read somewhere that the big landowners are raking it in (and I don't mean just raking soil), but they pay their workers a pittance and tenant farmers don't benefit from the subsidies. There's a site somewhere (part of the EU site), where you can read how much individual farmers are receiving. Some of the amounts are staggering.
I guess more farmers will end up doing what one local to me has done, which is register the company which owns the land offshore. Outline planning consent has just been given for 40,000 houses. It's a difficult one, because the area needs new houses, but this farmer is going to make millions, if not billions. If he grants leases rather than selling the land, his heirs could become the new Dukes of Westminster. I guess I'm a bit prejudiced, because he's written various books about supporting fox hunting.
I don't suppose many people care what happens to the farm workers, who could lose their jobs and be kicked out of tied cottages.