Fears of Capital Gains Tax rise pushing UK farmers to exit industry, warns expert

The looming financial pressures have left British agriculture at a critical crossroads, with many farmers contemplating selling their land or stepping back from active farming altogether.

Chatterton warns, 'This Autumn's Budget could deliver a devastating blow if Capital Gains Tax is hiked as expected. Farmers are already struggling after poor harvests and diminishing subsidies-another financial hit may push many out of the industry for good.'

Confidence within the agricultural sector is at an all-time low, with nearly half of farmers fearing for the future, as reported by DEFRA.

The fear of a significant rise in Capital Gains Tax could further drive farmers to exit the industry, particularly those without clear succession plans.

Read at Business Matters