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

Farmers urged to prepare for Sustainable Farming Incentive reopening in June
Farm Business

Farmers urged to prepare for Sustainable Farming Incentive reopening in June

Policy clarity may be slow, but farm businesses cannot afford to be, says property consultancy Carter Jonas

Mia Willemsen
clock 31 May 2026 • 2 min read
Farming Minister insists farmers are 'a priority' for the Government
Farm Business

Farming Minister insists farmers are 'a priority' for the Government

Dame Angela Eagle acknowledges this year has been one of the 'most difficult' for agriculture

Jane Thynne
clock 30 May 2026 • 2 min read
EU SPS agreement will bring new costs and risk food security, warns trade group
Farm Business

EU SPS agreement will bring new costs and risk food security, warns trade group

Fresh Produce Consortium says although measures had been designed to ease certain aspects of UK-EU trade, the wider operational reality is that the burden is simply being shifted onto critical global supply routes

Jane Thynne
clock 30 May 2026 • 3 min read