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.

Because people like Clarkson and Dyson and Rausing
CANNOT avoid the tax
so the inflated cost of farm land will drop allowing tenants to afford land
that was previously locked up by the super rich playing tax games

the vast majority of farms will be able to tax plan around this

Food security,and the country side being tended by those with a stake in it, aren't niche issues.

@PenGold
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.
Give over
Any farm rich enough to OWN a combine (rather than rent it by the hour)
is not "modest"
https://buglers.co.uk/product/new-holland-cx8-80-combine-harvester/

@MarkingBad your numbers were misleading. It implied a long term decline when really we are still producing a higher proportion that we were in the 60s and 70s. I felt it important to give the historical context as people reading the thread might have a different view than if they simply read your cherry-picked values.

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.

A modest arable farm (like my family's) will almost certainly not own a combine.

Of course it is, don’t be so ridiculous dear.

Don’t need to.The damage Brexit has done to food security is well documented.

Well that might be why you're not learning anything about the impact this will have on farmers. You won't read the posts from anyone who it's affecting.

@EasternStandard
The farmland will still exist
it will just change ownership

Farming friends were in Llandudno today. They were escorted from St Asaph by the police. They were angry and tearful in turn.

When Starmer did the weasel thing out the back door that was disgusting.

At the conservative conference Sunak came out and talked to the farmers.

Eluned Morgan agreed to meet three of the protesters, but yes, KS left through the back door.

Us farmers both have full time 'other' jobs to make ends meet. Both needing semi decent cars to be able to commute. Upon arriving home, change of clothing and on to our farm jobs until late in the evening. Weekends are the same. Dark winter rainy nights are what we welcome.

Your comment sadly shows your ignorance and I suggest scorn and jealousy regarding those involved in farming.

Of course he did as his priorities were the rich, his cronies and landowners hence him no longer being in power.

I don't know if it's been discussed on this thread, but the IHT changes may solve the problem by causing a substantial shift downwards in agricultural land prices.

As I understand it the prices have become detached from the income that the land can generate (which is the main basis for valuing other productive assets) and are now artificially high because the land has become attractive as a good way of passing money down free of tax. Without the tax benefit the price of the land should revert to something more realistic meaning that far more farms can be passed on down within the threshold.

Exactly!

Could we exclude those who have a history of farming in their family? If you parents and grandparents etc farmed on the land there should be exemptions perhaps? Would that be reasonable? And proper farming, not just alpacas and trees

Nor here the jobs and machines are shared around. Unfortunately people don't realise how much land is subsistence in Wales. Anglesey used to be known as a bread basket because it was fertile. Now the government want to put acres of solar panels on it instead

Hasn't forcing farmers off land always historically led to famine? Thinking of the kulaks and in Africa... people who have no idea what they're doing take over and productivity plummets

Which will be a good thing

One does wonder who the contra-protestors might represent next week?

Umm not many rich farmers in North Wales, can't speak for other areas. They came to complain, he listened.

The labour government on the other hand are weaselly these days. Blair would have come out to talk to them.

If someone passes a family business down to other family members who have been working in that business, do they need to pay IHT?

Nobody is being "forced"
Families will leave with £££££ in the bank

and the tenants will be able to buy