budget

The farming industry will be taking part in the annual Lord Mayor's Show this weekend to say thank you to the British public for their overwhelming support, particularly in recent weeks with ‘more than 150,000 people signing' the NFU campaign to overturn the ‘family farm tax'

NFU Cymru president Aled Jones said 'around £340 million should be forthcoming from the Treasury block grant to Welsh Government for agricultural support'

The mass lobby on November 19 is now at full capacity. Farmers who have not already registered for the event are warned not to travel down to London and told there will be another opportunity to make their voices heard

Kemi Badenoch challenges Prime Minister to justify Budget's impact on nation's farmers

Farmers and rural businesses are rightly up in arms following the Budget, in which valuable Inheritance Tax reliefs for agricultural and business assets were decimated

Minister urges industry to 'look behind the headlines' as he insists 73% of farmers will not be affected by tax changes

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'

Industry experts start to unpick what the changes to Inheritance Tax (IHT) reliefs mean for the farming sector