51AVÊÓÆµ

Farmers urged to avoid rash decisions amidst concern over the family farm tax

"When it comes to succession and rethinking business structure, you should not make changes overnight"

Chris Brayford
clock • 3 min read
Denise Wilkinson, head of agriculture and estates at HCR Law, said: "The phase-out of BPS, coupled with uncertainty surrounding habitat-based farming support schemes like SFI (or SFS in Wales) — particularly regarding budgets, tax implications, and required capital investment and infrastructure — has increased financial pressure on farming businesses."
Image:

Denise Wilkinson, head of agriculture and estates at HCR Law, said: "The phase-out of BPS, coupled with uncertainty surrounding habitat-based farming support schemes like SFI (or SFS in Wales) — particularly regarding budgets, tax implications, and required capital investment and infrastructure — has increased financial pressure on farming businesses."

Farmers have been encouraged to take a measured approach and avoid making any hasty decisions around succession planning and diversification plans. Head of agriculture and estates and partner at HCR...

To continue reading...

Already a member? Login for full access.

New to Farmers Guardian? Register for 1 free article per week or become a member for unlimited access to essential farming news and insights.

article-img-580x358

Ìý

More on 51AVÊÓÆµBusiness

Higher prices could last for eight months after war ends

Higher prices could last for eight months after war ends

Chief Secretary to the Prime Minister Darren Jones has warned of the long-term impacts

Alex Black
clock 28 April 2026 • 1 min read
Co-op first major retailer to switch to 100% British strawberries as season begins

Co-op first major retailer to switch to 100% British strawberries as season begins

The early move has been made possible by investment by growers in techniques that help protect and advance crops

Alex Black
clock 27 April 2026 • 2 min read
2 Sisters unveils £50m feed support pledge for UK farmers

2 Sisters unveils £50m feed support pledge for UK farmers

Food manufacturer set to replace nearly one quarter of imported soyameal with British-grown oilseed rape and beans

clock 27 April 2026 • 2 min read