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Lack of investment in farming down to profitability not Inheritance Tax changes,says Defra Secretary

Mr Reed said: "12,000 farms and producer businesses went bust under the last government. This is already happening. It is nothing to do with IHT. It is because the sector is not profitable

Rachael Brown

Chief Reporter

09 January 2025 鈥� 6 min read

Lack of investment in farming down to profitability not Inheritance Tax changes,says Defra Secretary

Lack of investment in the sector is nothing to do with Inheritance Tax, but about the lack of profitability in farming in the here and now, according to the Defra Secretary, Steve Reed. Defra Speaking...

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