After decades of tightening margins, record inflation, extreme weather and increased production costs, many farmers and growers are at breaking point, unable to absorb any more cost burden. ʼһhas also warned that the changes announced in the Budget could increase food costs to consumers, adding pressure to many still experiencing the cost-of-living crisis.
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- ʼһrepresents 70% of farmers and growers across England and Wales.
- The mass lobby for NFU members will take place on Tuesday November 19, Church House, London. For interviews, please call the NFU press office, details below.
- The government announced it will reform Agricultural Property Relief and Business Property Relief from April 2026. In addition to the existing nil-rate bands, the 100% rate of relief will continue for the first £1 million of combined agricultural and business assets and will be 50% thereafter.
- The government has announced that it is accelerating the end of the direct payment phaseout. No farm will receive more than £8,000 in 2025, which, in some cases, is a cut of more than 90%
- The government has confirmed the National Living Wage increase of 6.7%, making it £12.21. The National Minimum Wage for 18 to 20 year olds will increase by 16.3% to £10.00 per hour.
- The current agricultural budget for England is £2.4 billion.