In response to Chancellor Rachel Reeves' Budget which has left many small family farms feeling uncertain about their future, national agricultural publication ²ÝÁñÉçÇø Guardian has launched a new campaign to back Britain's family farms
Union president Tom Bradshaw says farmers' fury was made clear during emergency Budget talks with Defra
Sarah Baker, AHDB head of economics, said: "These changes may encourage farmers to think about succession earlier than they would otherwise. For example, there is a seven-year rule which applies in the case of land transfers. This means that any land gifted to an individual will be free of inheritance tax after seven years."
NFYFC's YFC agri chair Luke Cox said the proposed tax and wage changes 'threaten the continuity and viability of farm farms and rural diversification businesses'
The group has warned the changes could ‘change family farming as we know it’
Rural accountant Old Mill has suggested practical steps farmers can take
Industry experts start to unpick what the changes to Inheritance Tax (IHT) reliefs mean for the farming sector
The announcement of 11 new green hydrogen generation projects puts weight behind the fuel source as a direct diesel replacement