NFU

Tractors have taken to the streets in London as thousands of farmers attend the demonstration to protest against the surprise changes to farm inheritance tax.

Britain’s National Farmers’ Union (NFU) set up an online petition in response to changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) announced by the British government.

Changes to agricultural property relief compromise the liquidity needed for succession planning on farms of all sizes, UK farmers have warned.

Agricultural property relief allows most farm businesses in the UK to be exempt from inheritance tax when the farm owner dies.

Farming is low priority for UK government as it grapples with the outworkings of Brexit checks.

Minister Muir is pressing for the annual budget for NI agriculture, which equates to around £330m, to be index linked with inflation.

There were 29 fewer offenses relating to agriculture in the last 12 months, figures released by the PSNI show.

NFU Mutual is back in profit after a difficult year in 2022 due to a downturn in global investment markets.