Event
Inheritance tax changes – what do they mean for farming & net zero?
AgriFood4NetZero Network+ event – part of Countryside COP, bringing together the rural community and businesses to showcase and inspire activity ahead of COP29 in Baku, Azerbaijan, from 11 – 22 November 2024.
Summary: One story has dominated the media since the Chancellor’s Budget: The decision to reduce Agricultural Property Relief for farming businesses. Many farmers have been very vocal about the potential impact of this, and there is a lot of fear that it will lead to the break up (and break down) of family farms. Others though, say the hype is overblown and it will only impact the very richest.
This all comes at a time of huge change for farming, not least the phasing out of traditional area based support payments, and the transition to more nature-friendly farming practices. On top of this is the very real urgency to reduce emissions, while also ensuring food security in an increasingly tense world.
So what could the impact be on farming and its ability to weather the changes ahead and lead the transition to a more sustainable food system? How might the changes affect farmers’ ability to reduce emissions or enter into natural capital markets and contracts? What are the many nuances at play, including culture, emotional ties, wealth and business viability?
Our two speakers will explore this for us and try to make sense of things. They are; Emily Norton, our AFN Network+ Policy Champion for Land, Agriculture and Carbon, and Jason Beedell, head of rural research at Strutt & Parker, one of the UK’s largest land agents.
The webinar will be chaired by Jez Fredenburgh, Knowledge Exchange Fellow at the AFN Network+, with input from Prof Neil Ward, AFN co-lead. Both are based in the Environment Department at the University of East Anglia.
Speakers: Jason Beedall (Strutt and Parker) and Emily Norton (AFN network+), Jez Fredenburgh (AFN Network+), Neil Ward (AFN Network+)
Now in its fourth year, Countryside COP provides a platform for anyone interested in the countryside to hear how the UK’s rural economy and agriculture can help tackle climate change and improve sustainability.
The Countryside COP allows the rural community and UK agriculture to set the agenda and will serve to amplify policy asks and other messaging through many voices.
For more information on Countryside COP 2024 events, go to https://agricology.co.uk/research-projects/countryside-cop4-04-08-november-2024/
