Farmers urged to avoid rash decisions amidst concern over the family farm tax

"When it comes to succession and rethinking business structure, you should not make changes overnight"

Chris Brayford
clock • 3 min read
Denise Wilkinson, head of agriculture and estates at HCR Law, said: "The phase-out of BPS, coupled with uncertainty surrounding habitat-based farming support schemes like SFI (or SFS in Wales) — particularly regarding budgets, tax implications, and required capital investment and infrastructure — has increased financial pressure on farming businesses."
Image:

Denise Wilkinson, head of agriculture and estates at HCR Law, said: "The phase-out of BPS, coupled with uncertainty surrounding habitat-based farming support schemes like SFI (or SFS in Wales) — particularly regarding budgets, tax implications, and required capital investment and infrastructure — has increased financial pressure on farming businesses."

Farmers have been encouraged to take a measured approach and avoid making any hasty decisions around succession planning and diversification plans. Head of agriculture and estates and partner at HCR...

To continue reading...

Already a member? Login for full access.

Login

New to Farmers Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358
Register for free Join Now

 

More on Farm Business

Letters: "Red Tractor will continue to promote and defend the high standards of British agriculture"
Farm Business

Letters: "Red Tractor will continue to promote and defend the high standards of British agriculture"

This week from Farmers Guardian readers: Richard Cattell, director of marketing and commercial at Red Tractor, highlights the importance of Red Tractor’s food assurance standards at a time when illegal, unregulated meat imports are increasing

Richard Cattell
clock 09 December 2025 • 2 min read
Red Tractor unveils shake-up of sector standard priorities
Farm Business

Red Tractor unveils shake-up of sector standard priorities

Farmers given chance to feedback on proposals which seek to reduce farm audit burden and paperwork

Jane Thynne
clock 08 December 2025 • 2 min read
Baroness Batters says Gov did not 'bury' Farm Profitability review
Farm Business

Baroness Batters says Gov did not 'bury' Farm Profitability review

Former NFU president says while she is 'frustrated' by timing, the outcome is more important

Jane Thynne
clock 08 December 2025 • 1 min read