10% of UK farmers consider leaving due to rising Capital Gains Tax and decreasing subsidies.

UK farmers are at risk of an exodus due to rising Capital Gains Tax and decreasing subsidies, with up to 10% considering leaving the industry, according to Mark Chatterton of Duncan & Toplis. Financial pressures, coupled with poor harvests and limited support, are driving farmers to contemplate selling land or reducing active farming. Chatterton urges immediate government action to safeguard the sector vital for national food security.

October 07, 2024
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