Sarah Baker, AHDB head of economics, said: "These changes may encourage farmers to think about succession earlier than they would otherwise. For example, there is a seven-year rule which applies in the case of land transfers. This means that any land gifted to an individual will be free of inheritance tax after seven years."
NFYFC's YFC agri chair Luke Cox said the proposed tax and wage changes 'threaten the continuity and viability of farm farms and rural diversification businesses'
Rural accountant Old Mill has suggested practical steps farmers can take
Industry experts start to unpick what the changes to Inheritance Tax (IHT) reliefs mean for the farming sector
The Íæż½ã½ã news team give their analysis of the Chancellor's Budget
What do you think of Labour's budget? How does it impact your farm? Share your reaction with us
The CLA is asking farmers and rural businesses to sign a letter which will be forwarded to MPs
The mass lobby of Parliament will take place in Westminster on November 19
TFA chief executive George Dunn said: "Short-term and restrictive tenancies are holding back progression, investment and sustainable land use. We can change this situation with reform of APR. However, serious damage will be caused if the Chancellor takes a knee-jerk, abolitionist approach"
In a joint letter to the Chancellor, farming unions warned how changes to APR could have a significant impact on tenant farmers, family farms, domestic food security and environmental delivery