MPs criticize farm funding review as detrimental to agriculture sector

A review of farm schemes funding starting in 2025/26 has drawn criticism from MPs, who argue it undermines support for farmers. Conservative MP Neil Hudson stated that the government has broken promises to the agricultural sector. The Budget includes changes to agricultural property relief, allowing 100% relief on the first £1 million of assets, but reducing it to 50% beyond that. Treasury minister James Murray defended the changes, stating they still provide significant relief for family farms. The National Farmers’ Union expressed concern that the Budget threatens family farms and increases food production costs. Critics warn that the changes could lead to greater uncertainty and financial strain for farmers and rural communities.