“What assessment he has made of the impact of the Autumn Budget 2024 on family farms.”
Asked by
Sir John Whittingdale
Answering Minister
the Secretary of State for Environment, Food and Rural Affairs
Answer from Hansard
The Secretary of State for Environment, Food and Rural Affairs (Steve Reed)
May I take this opportunity to wish a very merry Christmas to you, Mr Speaker, and to the hard-working House staff? The Government have committed £5 billion to the agricultural budget over the next two years. That is the biggest budget for sustainable food production and nature recovery in our history. We are also investing £60 million into the farming recovery fund to support farmers affected by unprecedented extreme wet weather last winter. We understand concerns about changes to agricultural property relief, but the majority of those who inherit farmland after a death and claim relief will not be affected by the changes.