Fuck that if I was you I would be looking at using thr farm for other reasons and fuck the government borrow money to build holiday let's or caravan site or even better leave it and let it over grow then when the government realises again then at that moment tell them to go fuck themselves
@@jonathanbarnes7981 oh no he doesn't, me for one, I'm not supporting any farmer, most vote tory, most voted brexit which made everything much more expensive and which we are paying for, why should farmers be exempt from paying inheritance tax, everyone else does, also the rich , example Clarkson and Dyson buy up farmland and buildings so they can use the tax loophole, farmers should also help pay for their brexit, so no I won't be supporting them and many others won't be either.
@martinburn 😂😂😂😂 fella your not that special so don't worry about it 😂😂😂😂 and just think when your sat thinking ... why can't I buy spuds then just refer yourself back to your comment as see if it feeds you 😂😂 also just think about what you just said ... can Clarkson and the rest afford this tax .... yes.... can the farmers ... no ... so guess what then happens the poor farmers sell up as they don't have money only assets then the rich who can afford buy up the rest off the poor farmers who have to sell ....... guess who else buys the land the farmers who have to sell up ... foreign investors and also big building companies who will use it for housing but guess what the building firms do ... they keep hold of the land then only develop on it when it makes more money than sense like they are already doing ... also isn't it weird how major companies support labour and yet with the new tax it's the big players who benefit as they have all the money in the world to pay for the new taxes .... seems to me like your supporting the big boys not the little fish trying to survive which then feeds the rest of us
It's all about class envy. Labour's default position is "lets screw the wealthy landowner." They resent the countryside and its people and indulge in an absurd programme of revenge. Their policy will end up with all agricultural land being owned by Pension Funds , Banks and Investment Trusts, all of which will drive rents through the roof. And prices follow rents like night follows day! Me, I own 60,000 acres of agricultural land and will not pay a penny in inheritance tax - because I live in Australia where there is no such tax.. What Starmer/Reeves nonsense means is that I can produce in OZ, transport my product half way round the world, and still beat the British Farmer on price. Barmy! No, utterly Bat shit crazy.
I work on my parents farm with my brother and we dont take a wage because were paying a big mortgage, but whats the point in investing in land when it just gets you a big tax bill?
Nope labour loves people from abroad but hates the native population ...... let's be real here and just be honest.... all they ever do is give money away to people from abroad also they fuuuucking love illegals fuck me if every labour mp could suck off a illegal they would all be on there knees ready to spit shine the pole ...... same with conservatives they also love none natives but they despise the native population ...it explains why native people like the elderly who will be majority white won't be getting the winter allowance but yet they will spend billions on foreign aid and housing and feeding illegals ... never mind the cost for there healthcare or even legal costs with free legal aid ... or how about the free money they get ..... country is fucked
The govt knows exactly what they're doing. It's a coordinated attack on farming. Control the food, control the people. And govt know that the majority will be dead from the see nineteen inje action in a few years. Ppl are not aware of this point.
My family were farmers with records back to the 1600’s, some generations owners, some generations tenants. My paternal grandfather bought the farm in 1934. My maternal grandfather’s farm was sold by the landlord for housing on the outskirts of Liverpool in 1956. I sold the family farm after Blair came to power to ‘modernise’ Britain. I could see the writing on the wall and emigrated to farm in Canada. The best decision I ever made. More than half the land we now farm is already in my son’s name in case the rodent Trudeau adopts this hideous policy. I pray for a plague to descend upon the House now under control of the Socialists.
But I thought you needed all those subsidises and grants because you can't compete with cheaper imports without them? So yeah, go on strike. The UK public can import more of that cheaper food and stop paying lazy millionaire land owners massive subsidies and grants. It's a win win for the working tax payers of Britain.
@damianbutterworth2434 I'm not. Are you related to those young farmers who force themselves on Blackpool and harass woman? So much so that they banned the official YFA gathering yet still come to harass and intimidate young girls?
Hi Rich, everybody is full of advise, I will just explain what I have done as an example, split the title of the farm into 2, put a FBT on the different titles and rent it back to the business, (reducing the value of the farm on paper because there is a tenancy on it) the house could be in a different title so you would get a personal allowance on it for a couple 500k each,so looking at it for myself you are soon protecting 3 to 4 million. It might sound complex but once you get your head round it, it isn't really. Just an example, frustrating I know, just another challenge to get round ! Good luck Jon
@@sarahann530 I would always say seek professional advise, but be aware of the 1million threshold per persons estate on death and manage accordingly. Talk to a good well informed land agent.
Hello from New Zealand can agree with your cousin everything here is expensive $12 each for a block of cheese, eggs and $7 for butter it’s crazy and where a farming country and it’s our biggest export
Well said from a hardworking family farmer, you and many others like you are the core of this country and I’m ashamed at what the government are doing to us all in the farming sector
Sorry blme the rich in society whohavd purchased hundered of thousands of acres of prime farmland with the sole intention of avoiding paying tax ,pure and simple .
Sadly, many of the folks that are in a position to make these types of decisions haven’t earned an honest days pay in their life, and what they have made has been paid for at the taxpayers expense.
I'm not a farmer, but even I can see it, what is going to happen when farmers are driven out of their livelihoods. This government is so out of touch it's unbelievable!!
CON19 and J@Bs were test runs for future control systems. People didn't oppose CON19 restrictions and J@b enforcement and this gave Governments green light for future. You will own nothing eat bugs and be happy.
Farmers are been driven out because very wealthy people are buying farmland to avoid inheritance tax. This has push up land values to the point there is no way sustainable.
We need to rise up like in the Netherlands France Germany those farmers wouldn't put up with this enough is enough of these politicians who care more for illegal immigrants than our own
Who's going to buy the stock etc, that you have to sell when the time comes? No one can afford or would even want to farm because they know what will happen when they die. It's insane and should be ignored! Totally agree with you.
We're pulling for you Rich and Harry, from the USA. I'm not sure this is sheer stupidity from the Labor Party. Quite sure they know exactly what they're doing and the eventual outcome will be their goal - reduction of private property and private business.
The government need your farm to build more houses and get the country building again They're not interested in the history of your farm and you helping feeding the country
My farm has been in my family since 1879. It is 360 acres. I bought it off my Grand Father's estate in 1982. I gave $2500 an acre. It took me 25 years to pay that off. That land today would sell for $20,000 an acre now. That is $7.2 million. We are not even talking about machinery and livestock. So for easy figuring lets just use $9 million. So that would cause a estate tax bill of $1.6 million. On a 30 year note at 6% the payment is $118,000 annually or $10K each month. That is $500 clear profit per acre every year. Never going to happen in real life. Like Richard stated everything on the farm had income tax paid on it. So an estate tax is a double taxation.
£10K per acre is standard land value in England now, so the land value alone of a relatively small 100 acre farm is already at £1m before taking into consideration the Farmhouse, Barns, Machinery and livestock. Its ridiculous, and being touted as targeting rich landlords and estates, yet "they" already have the tax evasion infrastructure in place for their non-agricultural assets so will be simple for them to combine assets and continue to avoid IHT, in reality this will only hit cash poor generational farmers. And the land will either be broken up to pay the tax or sold entirely and bought up by Dyson and others seeking to monopolise farming and land ownership. Sad days, though the 7 year rule still stands, if your lad is keen transfer ownership to him as early as possible
A hundred acres is not really enough to keep two adult males with 2 children. 130 acres is quite small He could earn £20K driv8ng a delivery van 38 hours per week. Pensionable.
Postmasters to be finally compensated. Victims of infected blood scandal to be finally compensated. Junior doctors given a fair pay rise to end industrial disputes. Coalminers to no longer be fleeced from their pension money. Informal and family carers able to work more and claim carers allowance, which will be doubled. Train drivers industrial dispute resolved. Investment in Special Educational Needs. Minimum wage increase above inflation. Local authorities to keep money from right to buy sales. You're right, an absolute disgrace.
@hels2608 winter fuel allowance cut for our elderly. Farmers unaliving themselves on a huge scale. The poor getting poorer. Bus routes being cut in rural places. Small businesses on their knees. Homelessness higher than ever. Immigration up 600% I suppose it depends who you're talking to. High streets are dying. 6 British pubs a day closing.
@@hels2608 Labour councillor? That's a cute little list. I could make a list twice as long showing how they're screwing everybody else. Yes, an absolute disgrace. Now, get back under your rock.
Governments will always feed themselves I assure you as I'm from former Comunist country. The thing is people didn't oppose CON19 and J@Bs and now they suffer consequences
Anyone watching this fantastic guy, write to your MP and tell them how wrong this is for the whole country. I am a farmer with a 3million pound business. One farmer has committed suicide already, one of too many. Please support us
I’ve emailed my MP on many important topics, her reply is always the party line… in a nutshell they don’t give a fig about the people they oppose to serve.
From 10.10 to 11.10 I think a lot of the followers of this channel would love to see Starmer and Reeves in your milking parlour on Christmas day morning answering those questions. Politics in this country is a laughable. The choice you have now at an election is bit like changing your tie after you have s**t your pants. Good luck Richard and thank you for everything you do.
Very well said young chap. It breaks my heart to hear and read about this latest attack on farmers. I really wish you and your family the very best of luck, your a true gentleman . Thanks again for your advice earlier this year. Kind regards. Steve. Take care.
Has anyone considered that the problem with small family farms, is just that ! That they are small and run by one man's ideas, usually dad, or grandad. just because a person has farmed all their life doesn't automatically make them agricultural economic geniuses. Quite the opposite! Businesses need constant input of new and often conflicting ideas to keep ahead of the game. Everything that I have seen of interviews with small family farmers illustrates perfectly that they are unable to keep up, let alone get ahead. if small farms are struggling to remain viable, they should not be kept on economic life support at the taxpayers' expense. As is perfectly demonstrated by supermarkets, the economies of scale are always the best for the benefit of ordinary people. The rich can shop at Waitrose and the chique farmers' markets, but for most of us, it's always going to be Tesco. The essence of agriculture is food production and large, efficient, modern farms are the future of food sustainability in isolationist Britain. British farming has been on life support for far too long. Either "GROW or GO" but don't expect the state to provide "perks" so you can safeguard your millions for "The Family"! Those days are gone.
I'd disagree with you regarding small family farms being inefficient. They can be just as cost effective as large farms. what really hampers farms is the inability to set the price for their produce. i cant tell Muller i want 50p litre for my milk, they tell me how much im getting
"I'm not entirely sure how it works in the UK, but I’m 23 and from the Netherlands. When I turned 18, I was registered as a co-owner of the family farm to start building equity there. The longer I’m a co-owner, the lower the inheritance tax will eventually be, with the maximum benefit reached after about 10 years. Here, it’s common to be paying off a farm/father until you’re in your 50s or 60s. BUt indeed these days, farms have become so large and valuable that it's often too costly for children to take them over, as it’s nearly impossible to secure a mortgage for such high values. For smaller farms, this isn’t as much of an issue since they’re still feasible to pay off." dont lose hope Where there's a will, there's a way,
hey Richard I been Watching you from the start I'm ex farm worker working no Farms like yours, Most have gone now!!! Yes we need to Stand up!! And for all farmers!! I back all farmers big or small!!
I’m disgusted with what the government are doing. My family were all farmers going back centuries. It’s such a huge part of British heritage. Looking at social media it seems the public will support farmers no matter what the inconvenience it causes. We have nothing to lose at this point.
Hi, have a look into family investment companies, put the farm in that, probably a stamp duty cost but give your boys shares with a written article of association which you can work out with the boys, then no inheritance tax
In my opinion they do know exactly what they are doing, simply to get rid of small family run farms to control food supply! You have a right to be angry & upset, Richard! I will be sharing your excellent words with my friends & family to spread the word! I am fully behind you on this matter! 🥲
farmers like richard need to process their own milk sell direct to the public, it's the only way forward stop letting all the big corps have control of the food chain, the more small farms do it he more money and strength you away from the big giants but the general public have to do there part and buy from small local farms and not the giant superstore
I am the third generation dairy farmer on our 140 acre farm, milking 85 cows. My son would be the fourth generation. But unfortunately my 85 year old mother is the legal owner of the farm. My mother & farther built the farm up to a size that was viable to work & make a living from. But now we will be facing such a large tax bill we would have to sell land which would be catastrophic for the business. How labour can say it doesn’t affect small family farms is unbelievable. We will be finished. ,
my heart goes out to you, your family and all similar farms. Surely this destructive tax on farms must be thrown out! Let us hope that many Mp's will stand for you and demand that this marxist government overturn their betrayal.
Hi Richard, it started out paying you not to farm some land now they want to stop you from passing it on just their way to take it away. Why do they want to stop farming where do they think food comes from?
I don't know what to say, keep smiling and working, the majority of people will be behind you and the thousands of other farmers in a similar situation. I don't want to see massive corporate farms everwhere, they won't care as much about the countryside or the community, they will only care about profit. Take care of yourself and your family. Hopefully things will get better....
It’s a very sad day for family farms and farmers passing on their farm to the next generations and the Labour government has never done a hard day’s work in their life and we must be the most taxed country in the world?
The NFU currently have a petition, it's currently up to 61,797 and still going, but it's not on the Government petition website, can they start one on there, once it reaches 10,000 they have to respond?
Have I got this wrong?? Farming was exempt.... It now isn't.. But the rules of inheritance are the same... Transfer the ownership.... Live for 7 years... No tax... Same as its always been for all inheritance.... Someone please correct me if I'm wrong.
@georgedoorley5628 yes it's the same here mate.... Labour have got no idea what they want..... All that fucking prick Starmer is interested in is looking after these immigrants.. The useless greasy corrupt bastard
The problem with farming is that the Asset value is high but the profit margin from the enterprise is moderate, so the person who farms is Asset rich but not so from a financial or cashflow standpoint.
Richard all assets and your life cover insurance and pensions plus all the assets so Farmers and Farming in UK is doomed in my view unless to hold on until 2029 when Labor will be out for ever so we hope a new government will abolish this horrendous new rule with many others introduced by this atrocity by the Labor chancellor she is a disgrace to the British People
I have mixed views on this. It also effects me and my family but we have a financial model in place to avoid the tax. Technically our sons already own it when they turned 21. However there is a problem with people building land banks to avoid inheritance tax.
Not my gov! Not my king! if he is the king? From what I've seen and learnt he broke his oath! He's not the first of us he's one of them and his brother! Uuuggghhhhh! How's that allowed?
Very well said Richard. I can't believe they aren't going to change this due to the total cock up they've made - It'll wreck the farming fabric quickly... either adjust the allowance to reflect the true value or (hopefully) scrap it back to how it was. But i fear there'll be many who get caught up in this due to an inheritance situation now, before it gets changed...
None of the farmers are talking about the thousands of acres taken out of wheat production this year to grow wild flowers subsidised by the government to sell on for carbon footprint reduction to big companies, we are heading for major food shortages
Shocking. Headline on the sun newspaper, kick in the bullocks for the farmer. You never know with enough pressure from people out there they might do a re-think and pigs might fly😂😂
People are commenting that this can be avoided by gifting the assets. They don't realise that gifting takes 7 years or so and at what point do you pull the trigger on that? Unexpected things can happen on farms like an accident resulting in death so planning for that is not that easy. We expected this from Labour. You are correct in everything you say you are better off working for the council etc, the only reason you are still farming is due to it being in your blood and the attachment you have from watching those in your family work hard there in generations before you and you feel responsible to carry the torch as we know the level of work required vs what you get back is equivalent to about 4 council jobs. I say these things as I also face these challenges.
Well said Richard. I completely agree with you. This Government doesn’t have a clue! I wonder how many have visited farms before. It’s heart breaking my dream was to have my son work with me then take over the farm but now I think that isn’t going to happen anymore and like you said what is the point. Difficult days ahead
Hi Richard, The Government know full well what they are doing. The general idea is to get small - medium farmers out of business , it is creeping collectivisation, not all that different from the USSR, Only thing different this time is big business will move in to take over your beautiful holding, the same BS is going on over here in Ireland. Farmers rarely get a chance to buy extra land, it is nearly always car dealership's , truckers etc. hang in there boss- Do Not Sell Your Holding.
We need some balance. No other micro to small business (I include the self employed like me) have enjoyed the support that farmers have had since the end of WW2. A viable farm is 200+ acres plus ingoings and will require a budge of £million to buy in. The IHT will hit ALL small holdings and farms. The way to protect the family farm is to put it into a trust, make ALL the family that want to be part of the farm "trustees" and you work the farm as a trust. As history shows, budget policies can be abandoned/reversed so whilst the new IHT rule is unfortunate, it could have been worse (40%) and it could be reversed by a future government. Inheritance tax shouldn't be applied on anything, because everyone paid tax to either create, maintain and or build the asset un the first place.
Great post Richard.
I totally agree!!
Time for some action!
Well said, Richard, we are 100% behind you.
Against filthy rich farmers evading tax
@@malhorner9210 What a stupid, ignorant comment.
@@malhorner9210 Obviously the type of comment Reeves listens to
You have the public’s support. Keep fighting!
Fuck that if I was you I would be looking at using thr farm for other reasons and fuck the government borrow money to build holiday let's or caravan site or even better leave it and let it over grow then when the government realises again then at that moment tell them to go fuck themselves
No he doesn't
@martinburn oh yes he does
@@jonathanbarnes7981 oh no he doesn't, me for one, I'm not supporting any farmer, most vote tory, most voted brexit which made everything much more expensive and which we are paying for, why should farmers be exempt from paying inheritance tax, everyone else does, also the rich , example Clarkson and Dyson buy up farmland and buildings so they can use the tax loophole, farmers should also help pay for their brexit, so no I won't be supporting them and many others won't be either.
@martinburn 😂😂😂😂 fella your not that special so don't worry about it 😂😂😂😂 and just think when your sat thinking ... why can't I buy spuds then just refer yourself back to your comment as see if it feeds you 😂😂 also just think about what you just said ... can Clarkson and the rest afford this tax .... yes.... can the farmers ... no ... so guess what then happens the poor farmers sell up as they don't have money only assets then the rich who can afford buy up the rest off the poor farmers who have to sell ....... guess who else buys the land the farmers who have to sell up ... foreign investors and also big building companies who will use it for housing but guess what the building firms do ... they keep hold of the land then only develop on it when it makes more money than sense like they are already doing ... also isn't it weird how major companies support labour and yet with the new tax it's the big players who benefit as they have all the money in the world to pay for the new taxes .... seems to me like your supporting the big boys not the little fish trying to survive which then feeds the rest of us
They know exactly what they are doing.
yes, there is going to be a huge land grab by the big corporations, and food price increases. Control the food, control the people
YEAH THE WORLD ECONOMIC FORUM!
It's all about class envy. Labour's default position is "lets screw the wealthy landowner." They resent the countryside and its people and indulge in an absurd programme of revenge. Their policy will end up with all agricultural land being owned by Pension Funds , Banks and Investment Trusts, all of which will drive rents through the roof. And prices follow rents like night follows day!
Me, I own 60,000 acres of agricultural land and will not pay a penny in inheritance tax - because I live in Australia where there is no such tax.. What Starmer/Reeves nonsense means is that I can produce in OZ, transport my product half way round the world, and still beat the British Farmer on price. Barmy! No, utterly Bat shit crazy.
I work on my parents farm with my brother and we dont take a wage because were paying a big mortgage, but whats the point in investing in land when it just gets you a big tax bill?
Sending love and support mucka. Can't really say anything else or I'll upset the somebody on here. Keep positive Richard and family ❤
Labour are for people who are kept by the government or work for the government,and against the people who pay for it all.
Sums it up very well that. Bang on!
Nope labour loves people from abroad but hates the native population ...... let's be real here and just be honest.... all they ever do is give money away to people from abroad also they fuuuucking love illegals fuck me if every labour mp could suck off a illegal they would all be on there knees ready to spit shine the pole ...... same with conservatives they also love none natives but they despise the native population ...it explains why native people like the elderly who will be majority white won't be getting the winter allowance but yet they will spend billions on foreign aid and housing and feeding illegals ... never mind the cost for there healthcare or even legal costs with free legal aid ... or how about the free money they get ..... country is fucked
Well said Richard i am not a farmer i have worked on the land from school and i am with you 110%.
The Labour Government do not have a clue about Farmers, please keep going and hopefully it will get changed.
The govt knows exactly what they're doing. It's a coordinated attack on farming. Control the food, control the people. And govt know that the majority will be dead from the see nineteen inje action in a few years. Ppl are not aware of this point.
My family were farmers with records back to the 1600’s, some generations owners, some generations tenants. My paternal grandfather bought the farm in 1934. My maternal grandfather’s farm was sold by the landlord for housing on the outskirts of Liverpool in 1956.
I sold the family farm after Blair came to power to ‘modernise’ Britain. I could see the writing on the wall and emigrated to farm in Canada. The best decision I ever made. More than half the land we now farm is already in my son’s name in case the rodent Trudeau adopts this hideous policy.
I pray for a plague to descend upon the House now under control of the Socialists.
Emotive works Richard. I moved to NZ nearly 20yrs ago to continue farming. Quite glad I did in some ways. Feel for you all over there.
Farmers should call a General strike…once the population of London gets restless with food shortages they’d think again..
But I thought you needed all those subsidises and grants because you can't compete with cheaper imports without them?
So yeah, go on strike. The UK public can import more of that cheaper food and stop paying lazy millionaire land owners massive subsidies and grants.
It's a win win for the working tax payers of Britain.
@@joey10-49 Are you related to Dianne Abbott??
@damianbutterworth2434 I'm not. Are you related to those young farmers who force themselves on Blackpool and harass woman? So much so that they banned the official YFA gathering yet still come to harass and intimidate young girls?
Spot on...and I think they will, don't blame them at all
Also in Canada with CGT. This is not just a UK thing…it’s far bigger…..
Goodness the UK is getting worse than South Africa ! Farmers should be cherished and looked after. This is where food comes from to feed people !
Hi Rich, everybody is full of advise, I will just explain what I have done as an example, split the title of the farm into 2, put a FBT on the different titles and rent it back to the business, (reducing the value of the farm on paper because there is a tenancy on it) the house could be in a different title so you would get a personal allowance on it for a couple 500k each,so looking at it for myself you are soon protecting 3 to 4 million. It might sound complex but once you get your head round it, it isn't really. Just an example, frustrating I know, just another challenge to get round ! Good luck Jon
Well said 👍
@IceyColdXPHD If I purchase a farm with the proceeds of the sale of my business can I pass it on to my family tax free ?
@@sarahann530 I would always say seek professional advise, but be aware of the 1million threshold per persons estate on death and manage accordingly. Talk to a good well informed land agent.
@IceyColdXPHD Millionaires should not be taxed it's anti British
Excellent view and idea
Hello from New Zealand can agree with your cousin everything here is expensive $12 each for a block of cheese, eggs and $7 for butter it’s crazy and where a farming country and it’s our biggest export
I am not a farmer but I was flabbergasted when she came up with this. I automatically thought of you. Xxxxxx
What you do is the warp and weft of life and you have done a grand job Richard.👍
Well said from a hardworking family farmer, you and many others like you are the core of this country and I’m ashamed at what the government are doing to us all in the farming sector
It has zero to do with money and raising taxes. It's about control.
Sorry blme the rich in society whohavd purchased hundered of thousands of acres of prime farmland with the sole intention of avoiding paying tax ,pure and simple .
@Jwp714i not true. And you sound like a broke, bitter and envious loser.
Nonsense, it's about filthy rich farmers evading tax
Sadly, many of the folks that are in a position to make these types of decisions haven’t earned an honest days pay in their life, and what they have made has been paid for at the taxpayers expense.
I once heard it said that we will own nothing and be happy. I thought it stupid at the time but the more I see the more I believe it.
WEF agenda
DON'T FORGET OUR TREASONOUS HIGH TREASON KING STARTED THE WORLD ECONOMIC FORUM WITH ROCKAFELLA!! TREASON ALL AROUND US!!!!!
Choose between Davos, or Westminster?"
Starmer: "Davos"
I'm not a farmer, but even I can see it, what is going to happen when farmers are driven out of their livelihoods. This government is so out of touch it's unbelievable!!
CON19 and J@Bs were test runs for future control systems. People didn't oppose CON19 restrictions and J@b enforcement and this gave Governments green light for future. You will own nothing eat bugs and be happy.
Farmers are been driven out because very wealthy people are buying farmland to avoid inheritance tax. This has push up land values to the point there is no way sustainable.
Put the farm in Harry's name now....
100% correct. Government have no glue. Stronger words needed but farmers are better than that. Let’s stick together.
They must have, they all stick together.
We need to rise up like in the Netherlands France Germany those farmers wouldn't put up with this enough is enough of these politicians who care more for illegal immigrants than our own
Well said. I'm another family farmer and agree 💯
A government determinedto destroy farming
With this and the NI changes, all small business is being destroyed. This is a deliberate big state move.
WORLD ECONOMIC FORUM!!
Take tractors to streets....make a stand
Just like they do in France.!
Have a chat with the French farmers,
Thanks for what you do
There are no words left to describe the sheer evil of this government.
Evil is exactly the right word to use. I have others that are even more suitable, but I could not use them online.
All from the world economic forums agenda 2030!!
"Communists" explains it well
@philc2457 AGENDA 2030.
@@philc2457 The Tories took care of farmers
Who's going to buy the stock etc, that you have to sell when the time comes? No one can afford or would even want to farm because they know what will happen when they die.
It's insane and should be ignored!
Totally agree with you.
We're pulling for you Rich and Harry, from the USA. I'm not sure this is sheer stupidity from the Labor Party. Quite sure they know exactly what they're doing and the eventual outcome will be their goal - reduction of private property and private business.
The government need your farm to build more houses and get the country building again They're not interested in the history of your farm and you helping feeding the country
Labour are bank rolled by developers. They want to build a huge amount of housing. Farmers needing to sell up will make this easier for them.
So were conservatives.
My farm has been in my family since 1879. It is 360 acres. I bought it off my Grand Father's estate in 1982. I gave $2500 an acre. It took me 25 years to pay that off. That land today would sell for $20,000 an acre now. That is $7.2 million. We are not even talking about machinery and livestock. So for easy figuring lets just use $9 million. So that would cause a estate tax bill of $1.6 million. On a 30 year note at 6% the payment is $118,000 annually or $10K each month. That is $500 clear profit per acre every year. Never going to happen in real life.
Like Richard stated everything on the farm had income tax paid on it. So an estate tax is a double taxation.
On arrable land its two tractors and combine. You guys its your cattle and land. They have no right to that money at all. Much love funky.
thank you for this Richard never a truer word spoken.
£10K per acre is standard land value in England now, so the land value alone of a relatively small 100 acre farm is already at £1m before taking into consideration the Farmhouse, Barns, Machinery and livestock. Its ridiculous, and being touted as targeting rich landlords and estates, yet "they" already have the tax evasion infrastructure in place for their non-agricultural assets so will be simple for them to combine assets and continue to avoid IHT, in reality this will only hit cash poor generational farmers. And the land will either be broken up to pay the tax or sold entirely and bought up by Dyson and others seeking to monopolise farming and land ownership. Sad days, though the 7 year rule still stands, if your lad is keen transfer ownership to him as early as possible
A hundred acres is not really enough to keep two adult males with 2 children. 130 acres is quite small
He could earn £20K driv8ng a delivery van 38 hours per week. Pensionable.
Yes, exactly what are they doing for farmers, its a nightmare for inheritance. Farmers sons work for a small wage, they will just sell up.
This British Government is a disgrace.
Postmasters to be finally compensated.
Victims of infected blood scandal to be finally compensated.
Junior doctors given a fair pay rise to end industrial disputes.
Coalminers to no longer be fleeced from their pension money.
Informal and family carers able to work more and claim carers allowance, which will be doubled.
Train drivers industrial dispute resolved.
Investment in Special Educational Needs.
Minimum wage increase above inflation.
Local authorities to keep money from right to buy sales.
You're right, an absolute disgrace.
Nothing British about them. They're eu puppets
@hels2608
winter fuel allowance cut for our elderly.
Farmers unaliving themselves on a huge scale.
The poor getting poorer.
Bus routes being cut in rural places.
Small businesses on their knees.
Homelessness higher than ever.
Immigration up 600%
I suppose it depends who you're talking to.
High streets are dying.
6 British pubs a day closing.
@@hels2608 Labour councillor? That's a cute little list. I could make a list twice as long showing how they're screwing everybody else. Yes, an absolute disgrace. Now, get back under your rock.
@loulou6760 most of that's been happening for years. I'm no labour supporter, but you can't blame labour for what the tories did.
Well put Richard the government have no idea, they wont be affected by the budget for sure
Governments will always feed themselves I assure you as I'm from former Comunist country.
The thing is people didn't oppose CON19 and J@Bs and now they suffer consequences
Anyone watching this fantastic guy, write to your MP and tell them how wrong this is for the whole country.
I am a farmer with a 3million pound business.
One farmer has committed suicide already, one of too many.
Please support us
Hi Richard, totally agree 100%
What was the name of the millionaire farmer that committed suicide ?
I’ve emailed my MP on many important topics, her reply is always the party line… in a nutshell they don’t give a fig about the people they oppose to serve.
@nettynoohawk200 So Brits making their own rules is of no benefit to you then on the Sunny Uplands 😎
From 10.10 to 11.10 I think a lot of the followers of this channel would love to see Starmer and Reeves in your milking parlour on Christmas day morning answering those questions. Politics in this country is a laughable. The choice you have now at an election is bit like changing your tie after you have s**t your pants. Good luck Richard and thank you for everything you do.
Very well said young chap. It breaks my heart to hear and read about this latest attack on farmers. I really wish you and your family the very best of luck, your a true gentleman . Thanks again for your advice earlier this year. Kind regards. Steve. Take care.
Richard our hearts are with you, this will destroy the family farm. A very sad day for UK FARMING PLC,
The Tories took care of you . Farmers should not be taxed.
Neither should business owners because they provide jobs
Has anyone considered that the problem with small family farms, is just that ! That they are small and run by one man's ideas, usually dad, or grandad. just because a person has farmed all their life doesn't automatically make them agricultural economic geniuses. Quite the opposite! Businesses need constant input of new and often conflicting ideas to keep ahead of the game. Everything that I have seen of interviews with small family farmers illustrates perfectly that they are unable to keep up, let alone get ahead. if small farms are struggling to remain viable, they should not be kept on economic life support at the taxpayers' expense. As is perfectly demonstrated by supermarkets, the economies of scale are always the best for the benefit of ordinary people. The rich can shop at Waitrose and the chique farmers' markets, but for most of us, it's always going to be Tesco. The essence of agriculture is food production and large, efficient, modern farms are the future of food sustainability in isolationist Britain. British farming has been on life support for far too long. Either "GROW or GO" but don't expect the state to provide "perks" so you can safeguard your millions for "The Family"! Those days are gone.
I'd disagree with you regarding small family farms being inefficient. They can be just as cost effective as large farms.
what really hampers farms is the inability to set the price for their produce.
i cant tell Muller i want 50p litre for my milk, they tell me how much im getting
"I'm not entirely sure how it works in the UK, but I’m 23 and from the Netherlands. When I turned 18, I was registered as a co-owner of the family farm to start building equity there. The longer I’m a co-owner, the lower the inheritance tax will eventually be, with the maximum benefit reached after about 10 years. Here, it’s common to be paying off a farm/father until you’re in your 50s or 60s. BUt indeed these days, farms have become so large and valuable that it's often too costly for children to take them over, as it’s nearly impossible to secure a mortgage for such high values. For smaller farms, this isn’t as much of an issue since they’re still feasible to pay off." dont lose hope Where there's a will, there's a way,
hey Richard I been Watching you from the start I'm ex farm worker working no Farms like yours, Most have gone now!!! Yes we need to Stand up!! And for all farmers!! I back all farmers big or small!!
As much as I despise Inheritance Tax I think the strangest one is Stamp Duty, the tax on moving house.
I’m disgusted with what the government are doing. My family were all farmers going back centuries. It’s such a huge part of British heritage. Looking at social media it seems the public will support farmers no matter what the inconvenience it causes. We have nothing to lose at this point.
As an American farmer, it’s hard enough to give advice to my own countryman. No operation is the same. But I feel ya.
That's what they want!! You will be happy but own nothing WEF evil.
Choose between Davos, or Westminster?"
Starmer: "Davos"
Farm land is currently been hoovered up by wealthy people as a tax dodge. This is pushing out genuine family farm. Sounds like your happy about that?
Hi, have a look into family investment companies, put the farm in that, probably a stamp duty cost but give your boys shares with a written article of association which you can work out with the boys, then no inheritance tax
In my opinion they do know exactly what they are doing, simply to get rid of small family run farms to control food supply! You have a right to be angry & upset, Richard! I will be sharing your excellent words with my friends & family to spread the word! I am fully behind you on this matter! 🥲
farmers like richard need to process their own milk sell direct to the public, it's the only way forward stop letting all the big corps have control of the food chain, the more small farms do it he more money and strength you away from the big giants but the general public have to do there part and buy from small local farms and not the giant superstore
I am the third generation dairy farmer on our 140 acre farm, milking 85 cows. My son would be the fourth generation. But unfortunately my 85 year old mother is the legal owner of the farm. My mother & farther built the farm up to a size that was viable to work & make a living from. But now we will be facing such a large tax bill we would have to sell land which would be catastrophic for the business. How labour can say it doesn’t affect small family farms is unbelievable. We will be finished.
,
There is no inheritance tax on the Island of Man
Remember remember the fifth of November
my heart goes out to you, your family and all similar farms. Surely this destructive tax on farms must be thrown out! Let us hope that many Mp's will stand for you and demand that this marxist government overturn their betrayal.
It’s disgusting I just can’t believe so many voted for them 😡
Hi Richard, it started out paying you not to farm some land now they want to stop you from passing it on just their way to take it away. Why do they want to stop farming where do they think food comes from?
Reform uk read their agricultural policy…
As living outside of the UK, the labour party strikes me as a bit woke and clueless, but you don't seem to have much variety of parties over there.
Get the dung spreaders out!!!!!!
I don't know what to say, keep smiling and working, the majority of people will be behind you and the thousands of other farmers in a similar situation. I don't want to see massive corporate farms everwhere, they won't care as much about the countryside or the community, they will only care about profit. Take care of yourself and your family. Hopefully things will get better....
Rant on! The country is behind you 🚜🐄
Well said
Hear hear
It’s a very sad day for family farms and farmers passing on their farm to the next generations and the Labour government has never done a hard day’s work in their life and we must be the most taxed country in the world?
Dear richard. You are so right about your farm and this new inheritance tax. Im so sorry for you and millions of others like you.
Well said Richard. Our countryside will be a different place for the next generation. And not a good place. All the best Richard 👍👍
The NFU currently have a petition, it's currently up to 61,797 and still going, but it's not on the Government petition website, can they start one on there, once it reaches 10,000 they have to respond?
Have I got this wrong?? Farming was exempt.... It now isn't.. But the rules of inheritance are the same... Transfer the ownership.... Live for 7 years... No tax... Same as its always been for all inheritance.... Someone please correct me if I'm wrong.
probably labour want to get young people owning farms earlier ......average age for farm ownership is nearly 60 over here
@georgedoorley5628 yes it's the same here mate.... Labour have got no idea what they want..... All that fucking prick Starmer is interested in is looking after these immigrants.. The useless greasy corrupt bastard
The problem with farming is that the Asset value is high but the profit margin from the enterprise is moderate, so the person who farms is Asset rich but not so from a financial or cashflow standpoint.
You need to get people not just farmers behind you .they are sweezing you out .
you keep well and safe and all I'm with you!!! all
It is so sad😢 This government is crazy ！
Olly Harrison says no to putting it in a trust because you lose responsibility of being able to get loans etc to buy extra land or machinery
Richard all assets and your life cover insurance and pensions plus all the assets so Farmers and Farming in UK is doomed in my view unless to hold on until 2029 when Labor will be out for ever so we hope a new government will abolish this horrendous new rule with many others introduced by this atrocity by the Labor chancellor she is a disgrace to the British People
They aren't working for the British people in my opinion.
Look forward to an update when youve studied the details of the new proposals and had financial advice.
I have mixed views on this. It also effects me and my family but we have a financial model in place to avoid the tax. Technically our sons already own it when they turned 21. However there is a problem with people building land banks to avoid inheritance tax.
That’s the big problem , the very rich buying all the land
Not my gov!
Not my king! if he is the king? From what I've seen and learnt he broke his oath!
He's not the first of us he's one of them and his brother! Uuuggghhhhh! How's that allowed?
Well put over
Very well said Richard. I can't believe they aren't going to change this due to the total cock up they've made - It'll wreck the farming fabric quickly... either adjust the allowance to reflect the true value or (hopefully) scrap it back to how it was. But i fear there'll be many who get caught up in this due to an inheritance situation now, before it gets changed...
Its another way of strangling small farms out of the market in favour of bigger farms that the government can have stronger control over.
Richard, I like many other non farmers support every word you said. Let's hope that a strong outcry will changed the situation.
Here come the large corporations 🤔
None of the farmers are talking about the thousands of acres taken out of wheat production this year to grow wild flowers subsidised by the government to sell on for carbon footprint reduction to big companies, we are heading for major food shortages
Shocking. Headline on the sun newspaper, kick in the bullocks for the farmer. You never know with enough pressure from people out there they might do a re-think and pigs might fly😂😂
Richard you are absolutely correct in what you say Labour do not give a toss about UK farming
People are commenting that this can be avoided by gifting the assets. They don't realise that gifting takes 7 years or so and at what point do you pull the trigger on that? Unexpected things can happen on farms like an accident resulting in death so planning for that is not that easy. We expected this from Labour. You are correct in everything you say you are better off working for the council etc, the only reason you are still farming is due to it being in your blood and the attachment you have from watching those in your family work hard there in generations before you and you feel responsible to carry the torch as we know the level of work required vs what you get back is equivalent to about 4 council jobs. I say these things as I also face these challenges.
Totally with you Richard , those poloticians live in a bubble and know nothing of the outside world
The Government have failed to realise that Farmers own a lot of tractors and slurry spreading trailers and we all know what might happen next
Well said Richard. I completely agree with you. This Government doesn’t have a clue! I wonder how many have visited farms before. It’s heart breaking my dream was to have my son work with me then take over the farm but now I think that isn’t going to happen anymore and like you said what is the point. Difficult days ahead
Sheer Evil…..they are completely clueless incredibly idiots…😡😡😡
Simple Richard they just don't care.
Hi Richard, The Government know full well what they are doing. The general idea is to get small - medium farmers out of business , it is creeping collectivisation, not all that different from the USSR, Only thing different this time is big business will move in to take over your beautiful holding, the same BS is going on over here in Ireland. Farmers rarely get a chance to buy extra land, it is nearly always car dealership's , truckers etc. hang in there boss- Do Not Sell Your Holding.
We need some balance. No other micro to small business (I include the self employed like me) have enjoyed the support that farmers have had since the end of WW2. A viable farm is 200+ acres plus ingoings and will require a budge of £million to buy in. The IHT will hit ALL small holdings and farms. The way to protect the family farm is to put it into a trust, make ALL the family that want to be part of the farm "trustees" and you work the farm as a trust. As history shows, budget policies can be abandoned/reversed so whilst the new IHT rule is unfortunate, it could have been worse (40%) and it could be reversed by a future government.
Inheritance tax shouldn't be applied on anything, because everyone paid tax to either create, maintain and or build the asset un the first place.
How did it get passed? Do they vote over there or is it a dictatorship. I know nothing of UK politics
Westminster 19th November!
Very well put