At the NFU's annual conference, thousands of donated farm toys were displayed to raise awareness of the struggle of family farms against proposed death duties on land assets. The toys are now headed to the Mind charity in Camden Town, where they are meant to bring joy to children and foster interest in farming among youth. NFU, chair Alison Morris, argues against the tax, claiming it will endanger family farms and national food security, instead proposing a more feasible Inheritance Tax alternative that wouldn't burden elderly farmers.
The NFU is raising the issue with all political parties to explain why it wants the proposed tax scrapped, claiming it is based on the wrong figures and miscalculates the impact of change of ownership.
Alison Morris emphasized that we hope the toys spark an interest in farming and the countryside, especially among youngsters who've never been to a farm or seen a tractor in real life.
An alternative tax proposal has been worked on with tax experts, suggesting Inheritance Tax only apply to qualifying assets if sold off within seven years after death.
Major supermarkets have also publicly stated concerns about the threat to national food security if family farms go out of business due to proposed taxes.
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