To support UK Farmers

[TheHateIsNotGood]

And due to KS's inability to face them in Wales today they are now thinking of going on strike. Because the govt are being too stubborn to reconsider how they apply IHT on working family farms. By all means close the loophole that allows the 'landed gentry' to take advantage of the agricultural exception but not with so blunt an instrument.

I was hoping to add a post to an existing thread but there isn't one despite it being headline news today.

Perfect

Farmers and food is important for everyone here. I'm sure if they could get round it they would

They are right to say this threatens food security, which will impact you too

The “law as it is” works ok for us, thanks. Do you understand the current position?

With regards to the proposals announced in the recent Budget, I’ll just have a word with the 90 yr old father in law and ask him to hang on for another 7+ years. That way we won’t fall foul of the existing laws around timescales for passing on assets prior to death. Alternatively I could ask him to die before April 2026.

By the way, there’s absolutely no need to use capitals, ‘Talkinpeace’. You’re not Donald Trump.

If you care about food production rather than wealthy companies and individuals using agricurural tax breaks to their advantage, then you should support this change.

Who do you want farming your land? Dyson renting out half of Lincolnshire to small farmers who struggle to remain financially stable, or for these same small farmers to own the land when it becomes a more realistic price per acre, as Dyson no longer gets his massive tax break or uses the subsidy system to his own financial advantage.

When you think we were around 80% self sufficient in food in the 1980s and today around 60% self sufficient, we are in dire need of getting back to producing food before it gets worse.

Your numbers are highly misleading. 78% is the highest self-sufficiency we have on record (according to the NFU www.nfuonline.com/updates-and-information/self-sufficiency-day/). We were 52% in 1960.

It is so long since Britain has been self-sufficient in food that nobody even knows exactly when it was. Estimates seem to vary around 1750. Nobody serious can argue we need to aim to get back to where we were almost 300 years ago, not in any industry!

I wondered why Labour were pushing what I saw as an unpopular policy. This thread, dripping with disdain and even spite towards farmers, shows that it isn't unpopular after all.

I had this conversation with family members who are all farmers. They were sold the idea that red tape and documentation would be massively reduced by brexit. Now they know they were wrong, but it is too late.

Farmers are already building all over green spaces and stopping people from accessing right to roam. Now suddenly they care about locals accessing their green spaces. Funny that. 🤔

If all a farmer had to do is see an accountant...what is the point?

And if the land then becomes worth less than it's inflated price today, there is more chance the next owner being a new Farmer.

It's not that many years ago our local farmers were demonstrating about milk prices outside the local supermarket. There 'plight' may have garnered more sympathy if they hadn't rocked up in £70k Range Rovers and similar.

The farming vote was fairly evenly split on brexit. This is something that comes up on every thread and marks the poster as someone who is just parroting something someone else has parroted at some point

Farmers do lots for the community, stuff like gritting and snow ploughing thr rural roads the gritters can't reach probably happens before you get up.

Plus there's the whole gimmick they have with that providing all the food thing they do.

Sold by whom? The NFU were perfectly clear that Brexit would be bad. If they trusted politicians ahead of their own union they're very foolish indeed.

It stops the likes of Clarkson and Dyson from buying up agricultural land to avoid IHT.

The reason the value of farming land is so over inflated despite how little farming yields is almost certainly down to this inheritance tax loophole.

The fact that hugely expensive investment assets (farmland) produce a return of 1% after substation work suggests there is a big problem with farming. I.e. the land is far too expensive. The IHT change suggests that the government have diagnosed the problem as people using farmland as a way of avoiding IHT instead of, well, farming.

Farmers have been given 10 YEARS to pay the IHT versus the 6 months (after death) that everyone else gets.
And in the most common scenario, where the farmer is married/widowed, and passes the farm to direct descendants, the effective nil rate band is £2.65million

In addition! There is nothing stopping farmers
(a) Incorporating. Taking advantage of incorporation relief
(b) Gifting 7 years prior to death IHT free
(c) Putting the farm into trust

Something we need to keep in mind is that the goal isn’t to reduce anybody’s taxes to zero. Taxes are the social responsibility that we bear in return for the social rights we’re afforded that everybody benefits from.

A serious question, to those against the reduction, what would make sense if you were asked to sort this out to ensure people can’t just own farms as a means to pass on generational wealth?

Note the use of "around". 78% is not vastly different to 80% hardly highly misleading.

Also please refrain from putting words into my mouth - I made no suggestion of 100% self sufficiency at all, we should import some foods to maintain the nations health. We cannot easily produce year round so it makes sense that around 20% - 25% of food is imported.

Of course you may disagree it is your right, but please don't pull me up on things I never said or suggested.

Farmer worth 1million on paper or over will suffer.

This government is literally biting the hand that feeds it.

Disgusted, but as we've already seen Rachel Reeves is too focused on immediate results and balancing her books. An exceedingly shortsighted move by Labour.

They are ensuring next election will be a landslide for Conservatives....

Not in our area. List all the things the Brexit voting wealthy farmers do for communities aside from grifting which absolutely is not done by farmers.

And I’m parroting Brexit because we had to live with their propaganda plastered all over their land and in the community. We saw it. They didn’t give a s*t for everybody else.

But hits food security and other farmers

I’m all for that and agree that it’s a problem that needs to be addressed. The calculations are way out though. The limit is too low. As said upthread, the valuation includes everything (agriculturally tied houses, machinery, land, livestock, seed etc). A modest arable farm with a couple of tractors and a combine harvester will easily fall within the taxable bracket as the proposals currently stand.

The ones falling below the limit will be the city boys and girls who buy up a nice pad in the country with a field containing a couple of goats and a pony. Working family farms will be decimated.

No Brexit did that.

Nobodys making you stay there

Haha. This is the kind of moronic shite people were saying to teachers not so long ago.
Then the teachers thought, aye you're correct, and started fucking off in their droves.
Now there's a recruitment crisis, in teaching, in the UK.
If only there had been something like a global pandemic in recent memory, so that people could point to how other countries protectionism led to food supply issues in the UK. Then maybe they'd think food production in the UK might be worth protecting.....🙄

Read @PenGold pp who has knowledge of farming

I don't know. It was an awkward conversation. They are small country farmers, isolated communities. I don't have many surviving family members in that branch of the family and really don't want to fall out with them.