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The Story
Are food shortages the farmers' secret weapon?
Nov 21, 2024
In this engaging discussion, farmer and social media influencer Olly Harrison teams up with Will Humphries, a seasoned agricultural correspondent from The Times. They delve into the recent farmer protests in London against inheritance tax changes, raising questions about the future of family farms. The duo highlights the potential impact on food security if farmers strike and refuse to supply food, discussing the emotional and financial toll on farming families. Their insights reveal the complex relationship between government policies and the very sustenance that fills our fridges.
27:12
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Quick takeaways
- Recent inheritance tax changes threaten the viability of UK family farms, prompting widespread protests from the agricultural community.
- Farmers are facing multiple challenges including rising costs and market volatility, necessitating urgent governmental support to ensure food security.
Deep dives
Impact of Inheritance Tax Changes on Farmers
Recent changes to inheritance tax are set to significantly affect farmers in the UK. The new policy will impose a 20% inheritance tax on agricultural estates exceeding £1 million, which contradicts previous assurances to the farming community that tax rules would remain unchanged. Farmers expressed shock and dismay, as this financial burden could threaten the viability of family-run farms, compelling them to sell off land to cover tax bills. Such drastic measures undermine the sustainability of their businesses, leaving many farmers questioning their future in agriculture.
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Discover
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