Rachel Reeves

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

Nearly half of Labour voters think farmers should be exempt from Inheritance Tax

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

AHDB economics and analysis director David Eudall warned the industry was at a 'tipping point of how effective the Budget can be' in balancing food security, supporting farm efficiency, and delivering environmental benefits