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Producing food is ‘primary purpose’ of farming, Environment Secretary says

  • Environment Secretary Steve Reed apologized to farmers for government decisions affecting public finances, particularly changes to inheritance tax on agricultural businesses worth more than £1 million.
  • Reed emphasized that the primary purpose of farming is food production, while also supporting farmers to restore nature and diversify incomes for long-term food security.
  • National Farmers' Union President Tom Bradshaw criticized Reed's speech, stating it fails to recognize the industry's cash flow crisis and that many businesses won't survive the proposed changes.
  • Other stakeholders, including Victoria Vyvyan from the Country Land and Business Association, expressed concerns that inheritance tax bills could wipe out farm profits and urged the government to invest in productivity.
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