Employees from JCB’s farming businesses in Staffordshire were today (Tuesday, November 19) given a day off work to join a rally in support of farmers affected by changes in inheritance tax.
Almost 40 employees boarded a 5:00a.m JCB coach to London with a host of other Staffordshire farmers for a rally in London.
The group included employees of JCB Farms and Wootton Estates based at Wootton, Staffordshire, where JCB farms cereals, vegetables, beef, sheep and chickens organically.
UK Chancellor of the Exchequer Rachel Reeves capped Agricultural Property Relief (APR) in inheritance tax at £1 million.
As part of the budget, Chancellor Reeves announced that, while there would continue to be no inheritance tax due on combined business and agricultural assets worth less than £1 million, above that threshold, assets would be taxed at 20%, from April 2026.
JCB support
JCB chairman Anthony Bamford said: “We have been supplying farmers with machinery since the day JCB was founded in 1945, so what happens to our customers and the farming community is of great importance to us.
“We are very concerned that farmers should be prejudiced against in this way, but more than anything, it is crucial that food from Britain feeds our nation as not all the food we need can come from abroad.
“The planned changes pose a real threat to farmers, and to food production, as some small family farms quite simply won’t be able to find the money to pay inheritance tax,” he said.
The chair said that JCB is one of only two tractor manufacturers in Britain and the only British manufacturer of telescopic handlers, which are used on virtually every farm in the country.
“So food production is highly significant to the British people and it’s highly important to us as a business,” Bamford continued.
Farmers
James White, aged 25, is a shepherd at Wootton Farms and his family runs a livestock farm on almost 500ac near Sheffield.
He said: “My family have been farmers for five generations since the time of my great-great grandfather Harry White and we live in the farmhouse that he occupied. In the event of having to pay inheritance tax, we would have to sell some of the farm to foot the bill to keep the rest of the farm.
“That would be pretty hard to take because my dad and grandad have worked hard to buy the land they have got. The farm is a profitable business at the moment but we can’t sustain that if we are on a smaller acreage.
“Profits will decrease and it will make it harder for us, the younger generation, to take it on because we will have to stump up a lot of cash.
“I hope that attending this rally it will make the government listen a little. I think the decision has been taken a little hastily without thinking about the implications for food production,” he added.
The farmer also noted that it is important for younger people, similar to himself, to go to today’s rally to ensure they get their point across.
Ted Hibbert, aged 27, and his twin brother Jack come from a four-generation family of farmers at Kedleston, near Derby, where they have an arable and sheep farm stretching over 1,200ac.
The brothers manage the broiler unit for Wootton Farms, where they manage 50,000 chickens.
Ted said: “It’s our hope in the future to take over our family farm which is why this issue is so important to us because farms the size of ours would have to sell a lot of land to cover the costs of inheritance tax.
“The policy makers don’t seem to understand the implications of what they are proposing. When assets are tied up in land, it’s going to be very difficult for people to pay the inheritance tax without selling land. I hope by having this rally it will overturn the decision over inheritance tax.
“Even with just 500ac of land it would mean a massive tax bill and it would take a long time to pay it off. Farmers will be forced to sell assets and sell land, which will impact on food production in this country,” he added.
Shepherdess, Rebecca Gray, aged 19, comes from a long line of farmers, which started with her great-great grandfather. Her family are tenant farmers near Alnwick in Northumberland where they have a 2,000ac sheep and cattle farm.
She said: “It won’t impact our family directly as we don’t own anything but it will have a big impact on other farmers.
“It will kick out family farmers who have been in the industry for generations and they are powerless do anything about it. Families who have had farms for generations will have to sell their farms as they won’t be able to pay the inheritance tax otherwise.
“Small farms are just land rich, they are not rich in the monetary sense. It will just mean Britain having to import more food.”
