Thousands of farmers and supporters gathered in London to protest proposed inheritance tax changes that threaten the future of family farms. Demonstrators, including members of the National Farmers’ Union (NFU), highlighted the risks posed by the new tax rules, which would replace the current Agricultural Property Relief (APR) with a 20% inheritance tax on farms worth over £1 million.
The Farmers’ Perspective
Family farms have been central to the UK’s agricultural sector for generations, providing food, jobs, and cultural heritage. The proposed changes, however, risk forcing families to sell farmland to cover tax liabilities, undermining food security, rural economies, and the continuity of farming traditions.
Key Concerns Raised by Farmers:
- High Land Values vs. Low Profit Margins: Farmland values often exceed £10,000 per acre, but farming yields narrow profits.
- Food Security Risks: Dismantling family farms could increase reliance on imports.
- Rural Economic Impact: Farms are vital to local economies, and their loss could lead to rural decline.
- Generational Legacy: These policies jeopardise sustainable practices and expertise passed down through generations.
Protests and Policy Recommendations
The protest drew attention from high-profile advocates like Jeremy Clarkson, who emphasised the disconnect between policymakers and farming realities. Farmers are urging the government to retain inheritance tax exemptions for active farms and implement policies that support sustainable agriculture.
Why This Matters
The farmers’ demands reflect broader concerns about food security, sustainability, and rural community resilience. At Canonsleigh.org, we urge the government to reconsider these tax changes and collaborate with the agricultural sector to find equitable solutions.
Call to Action
Supporting farmers means safeguarding the future of British agriculture and the values it represents. Join the conversation and advocate for policies that ensure the sustainability of family farms for generations to come.