Should farmers act now on succession plans?

With significant changes to inheritance tax soon coming into force, many farmers, landowners and rural business owners will be reassessing their succession plans.

But in this clip from Talk Farm, Denise Wilkinson – Partner and Head of Agriculture and Estates at HCR Law – recommends taking the time to consider your options carefully before making any major decisions.

In the full episode, Denise delivers her agricultural forecast for 2025, focusing of course on the upcoming changes to Agricultural Property Relief and Business Property relief, but also discussing:

• The Renters Reform Bill: How will it change the nature of agricultural tenancies?
• Sustainable Farming Incentives (SFI) and Environmental Land Management Schemes (ELMS): What are the challenges and opportunities for farmers?
• Land ownership: What impact will the budget have on land values?
• Diversification and development: Trends set to dominate in 2025
• Dispute resolution: Will we see a rise in disputes between farming families and rural business partnerships?
• CPOs: How the government’s grey belt strategy will impact Compulsory Purchase Orders – listen to the full episode.

In increasingly turbulent times for agriculture and landed estates, Talk Farm sets out to identify the human impacts of legal and political developments, offering industry commentary and practical guidance that cuts through the noise.

The show is presented by Rory Hutchings and James Frankland, both Partners in HCR Law’s Agriculture and Estates team.