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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."

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

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

Farming industry awaits as speculation mounts around changes to Agricultural Property Relief, Inheritance Tax and fuel duty

NFU president Tom Bradshaw says 'Government does not understand, or perhaps does not care' about food and farming

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

"There will be no family farms left"

The Greater London Authority has given the green light to a housing development on agricultural land occupied by an tenant in the Barnet area of London