Farmers Condemn Inheritance Tax Changes at National Conference
Environment Secretary Steve Reed faces protests and criticism over new tax policy, despite announcing measures to support the agricultural sector.
- Farmers at the National Farmers' Union (NFU) conference strongly opposed the government's plan to impose a 20% inheritance tax on farms valued over £1 million, set to take effect in April 2026.
- Environment Secretary Steve Reed announced a five-year extension of the seasonal worker visa program, a key demand from the NFU, to address labor shortages in the agricultural sector.
- Other measures unveiled included a £110 million investment in farming technology, stricter standards for government catering contracts to prioritize British produce, and a 25-year farming strategy aimed at long-term resilience.
- NFU President Tom Bradshaw called the inheritance tax policy 'morally wrong' and warned it could force many family farms out of business, urging the government to reverse the decision.
- Supporters of the tax argue it will reduce large-scale tax avoidance and promote diversified land ownership, but critics fear it will disproportionately harm small-scale farmers and food security.