Fairer Family Farming Campaign Kicks Off Ahead of Budget Announcement
A new initiative, dubbed the Fairer Family Farming Campaign, has been launched by family farmers across the United Kingdom. This movement aims to confront recent government changes to inheritance tax (IHT) that jeopardize the future of the UK’s agricultural community.
Background of the Campaign
The urgency for the campaign arose following the October 2024 Budget announcement. New IHT regulations classify farms valued over £1 million as high-value estates. This change is alarming, considering that most family farmers earn incomes comparable to the average household.
The Risks to Farming Families
Farmers believe these tax changes could force families to sell their farms to satisfy tax liabilities. Such actions could lead to significant job losses, harm rural economies, and threaten the country’s food security.
Proposed Solutions
The Fairer Family Farming Campaign advocates for a more equitable tax system. It supports an independent proposal by CenTax, known as the Minimum Share Rule. This proposal aims to preserve Agricultural Property Relief (APR) and Business Property Relief (BPR) for genuine farmers while closing loopholes exploited by passive investors.
Key Figures Behind the Campaign
- David Passmore: Campaign founder and long-time family farmer.
- Robin Hart OBE: Co-founder, highlighting the dilemma faced by farming families.
- Phil Merson: Co-founder, emphasizing the need for fairness and sustainability in agriculture.
Voices from the Campaign
David Passmore articulated the mission, stating, “Farming isn’t just a job – it’s a way of life that sustains communities.” He urged the government to consider the CenTax proposal and engage with newly elected rural MPs for a fair tax system.
Robin Hart OBE pointed out the “impossible choice” that farming families face. Selling land to cover tax obligations could devastate local economies and diminish food supply chains.
Phil Merson stressed that the focus should be on creating a tax system that distinguishes between active farmers and passive investors. “Many small farmers are affected for minimal tax benefits,” he noted.
Conclusion
The Fairer Family Farming Campaign represents a crucial movement in the UK, aiming to secure a fairer tax framework that protects family-operated farms. As the campaign gains traction, it underscores the importance of addressing the unique challenges faced by the agricultural sector.
