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Reading: Surroundings secretary Steve Reed to unveil farming reforms to ease pressure over inheritance tax
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Michigan Post > Blog > Politics > Surroundings secretary Steve Reed to unveil farming reforms to ease pressure over inheritance tax
Politics

Surroundings secretary Steve Reed to unveil farming reforms to ease pressure over inheritance tax

By Editorial Board Published February 25, 2025 5 Min Read
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Surroundings secretary Steve Reed to unveil farming reforms to ease pressure over inheritance tax

The federal government will announce a collection of coverage sweeteners for farmers who stay offended over the choice to impose inheritance tax on farms.

Surroundings Secretary Steve Reed will deal with the Nationwide Farmers’ Union (NFU) convention on Tuesday the place he’ll unveil a raft of measures – together with a long-called-for extension of the seasonal employee visa programme – to spice up earnings for farmers.

Tom Bradshaw, the NFU’s president, is about to accuse the federal government of driving by “morally wrong” insurance policies and of breaking its guarantees over inheritance tax on farms.

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The coverage change means farmers should pay 20% inheritance tax on farms price greater than £1m from April 2026 after they have been beforehand exempt.

These in favour of the change say it’s going to considerably cut back using agricultural property for large-scale tax avoidance, guarantee a more in-depth relationship between the agricultural and market values of land, and create a better range of land possession.

However the transfer has been condemned by farmers who’ve staged a collection of protests in Westminster over the coverage, which they concern will put small farms out of enterprise.

In addition to extending the seasonal employees’ visa programme – which the NFU welcomed as offering “much-needed certainty” for farmers – Mr Reed can be anticipated to announce new necessities for presidency catering contracts to again British produce, a multimillion-pound funding in know-how strengthening controls on animal illness and defending farmers in commerce offers.

A shortfall within the variety of season employee visas granted by the House Workplace for the reason that UK left the European Union has been blamed for leaving tonnes of meals unpicked, costing the agriculture trade hundreds of thousands.

Underneath the federal government’s plans, the seasonal employees’ visa route shall be prolonged for 5 years, with annual evaluations for numbers.

Picture:
Surroundings Secretary Steve Reed will communicate on the Nationwide Farmers’ Union convention on Tuesday

Mr Bradshaw mentioned the extension had been a “key ask of ours for many years, and its introduction will help safeguard the future of UK food production”.

“It is encouraging that the government recognises the importance of seasonal labour, and we welcome the commitment to explore options to support the sector, including innovation, agri-technology and local workforce opportunities,” he mentioned.

Authorities catering contracts can even be required to favour high-quality and high-welfare merchandise from native farms below the brand new reforms, as the federal government goals for no less than 50% of meals equipped into the £5bn public sector catering trade to be from British producers or these licensed to increased environmental requirements.

The setting secretary can even announce a £110m funding in growing and supplying new know-how by serving to farmers buy electrical weeders that minimize chemical use.

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Farmers and their tractors protest in Whitehall 
Pic: PA

9:34

Farmers in Whitehall tractor protest

He’s anticipated to say: “The underlying problem is that farmers do not make enough money for the hard work and commitment they put in.

“I’ll contemplate my time as secretary of state a failure if I don’t enhance profitability for farmers throughout the nation.

“My focus is on ensuring farming becomes more profitable because that’s how we make your businesses viable for the future. And that’s how we ensure the long-term food security this country needs.”

Nonetheless, regardless of welcoming the extension to the seasonal employees’ visa route, Mr Bradshaw will name for a “reset” of the federal government’s relationship with farmers and urge Mr Reed to “do the right thing” and reverse the tax coverage.

“There were only 87 words in Labour’s manifesto about farming, but some of those words gave us hope for the future; policies on imports, binding targets for British food for the public sector, a recognition that food security is national security,” Mr Bradshaw is predicted to say.

“We recognise these are still early days for a new government, but new ministers had hardly found their way to their offices when they broke their first promise.

“And it is one which overshadows all else, wiping out our means to plan, to take a position and, usually, to hope. It hangs over our farms, our households, our futures: the household farm tax.”

TAGGED:easeEnvironmentfarmingInheritanceReedReformsSecretarySteveTaxtensionUnveil
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