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The Guardian // Politics

Farm income falls in England after extreme weather and subsidy cuts

Thursday 14th November 2024, 1:32PM

Defra data shows lower income for most farm types but small boost from payments for nature-friendly schemesIncome fell on almost all farm types in England last year, as extreme weather hit yields and the government cut subsidies.Farmers fear future hits to their industry after a hugely unpopular change to agricultural property relief which means some farms will be saddled with a large, unexpected tax bill, and a surprise, severe cut to the EU-derived basic payments scheme meaning a shortfall in cash that they had not predicted. Continue reading...

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