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

 

More on Farm Business

H&H Group Reports Strong Core Business Performance and Strategic Growth

H&H Group Reports Strong Core Business Performance and Strategic Growth

Harrison & Heherington, the Group’s livestock trading division, delivered an 'outstanding' year and H&H Land & Estates performed in line with expectations and continued to support rural and agricultural clients with expert advice across planning, sales, and consultancy

clock 18 December 2025 • 3 min read
Baroness Minette Batters' Farm Profitability Review: Industry reacts as review published

Baroness Minette Batters' Farm Profitability Review: Industry reacts as review published

The Government has announced the launch of a new Farming and Food Partnership Board to drive growth, productivity and long-term profitability across the sector

Alex Black
clock 18 December 2025 • 6 min read
Industry reacts to new planning proposals which aim to prioritise farm builds and rural business

Industry reacts to new planning proposals which aim to prioritise farm builds and rural business

However, concerns voiced for Green Belt and BNG as former Defra Secretary Steve Reed unveils policy consultation

clock 17 December 2025 • 3 min read