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Jeremy Moody, secretary and advisor to Central Association of Agricultural Valuers said the Government's claim that only quarter of farms will be impacted by Inheritance Tax changes ‘misses half of the picture and so understates the effects of the change'

The event is separate to the NFU's lobby being held on the same day, but organisers stressed the events were 'complimentary' and not in competition with one another

Íæż½ã½ã's online editor Emily Ashworth reflects on the importance of food security - and urges people to remember the plight of food production during World War Two

This week from Íæż½ã½ã editor Olivia Midgley

NFU Cymru president Aled Jones said 'around £340 million should be forthcoming from the Treasury block grant to Welsh Government for agricultural support'

In response to Chancellor Rachel Reeves' Budget which has left many small family farms feeling uncertain about their future, national agricultural publication Íæż½ã½ã has launched a new campaign to back Britain's family farms

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."

Industry experts start to unpick what the changes to Inheritance Tax (IHT) reliefs mean for the farming sector

AHDB economics and analysis director David Eudall warned the industry was at a 'tipping point of how effective the Budget can be' in balancing food security, supporting farm efficiency, and delivering environmental benefits

The Íæż½ã½ã news team give their analysis of the Chancellor's Budget