In the Slobodni podcast episode, UK Politician Andrew Bridgen describes the ever increasing pressures on farmers – all in the name of sustainable development.
(Note, the episode starts in Croatian, but all of the dialog is in English. Just skip forward to minute 00:01:05.)
Some context notes for US listeners:
Food production: The UK produces 55% of its food requirement. In the US domestic production accounted for 87% of its respective requirement (2016).
Inheritance tax: In the US, inheritance tax on farms (as well as all other assets) starts at $13.9 million (2025) – meaning assets worth less than that are exempted from inheritance tax.
Compare this to the newly enacted UK tax law, which taxes farms worth more than 1 million pounds ($1.3 million dollars) at 20%. Agricultural land in the UK had been exempted from inheritance tax.
In the US, assets over $13.9 million quickly reach the 40% tax bracket.
The UK standard inheritance tax bracket is 40%. On the UK website describing the change to agricultural taxes, the taxing authority insists this is about “protecting small family farms.” (How?)
