²ÝÁñÉçÇø

SFS, Inheritance Tax, and agriculture budget were the main topics discussed with Wales' First Minister Eluned Morgan during a visit to a family sheep farm in Ceredigion

In today's Farming in Five, chief reporter Rachael Brown reflects on this week's main news stories including mounting pressure on the Chancellor Rachel Reeves, with 40 Labour MPs calling for changes to the current family farm tax proposals. She also looks ahead to next week, with a special 'Ask the Expert' feature coming up in ²ÝÁñÉçÇø Guardian online and in print, where a panel of experts will be answering our readers' questions around the fallout of Inheritance Tax and how to best prepare your family farm business

Welsh Conservative Shadow Minister Samuel Kurtz has accused the First Minister of Wales of a ‘dereliction of duty' in failing to raise the concerns of Welsh farmers regarding the family farm tax in a meeting with the Chancellor

Plaid Cymru's Shadow Minister for Rural Affairs Llyr Gruffydd, who is leading the debate said the IHT policy was ‘unforgiveable and utterly counter-productive' at a time when food security must be strengthened not undermined

The event, organised by NFU Cymru Brecon and Radnor members, will involve a rally to demonstrate how the proposed changes to Inheritance Tax will impact the entire Welsh rural economy

Prior to the Budget, the ²ÝÁñÉçÇø' Union of Wales previously warned a worse case scenario of full ‘Barnettisation' of Wales' agricultural funding could equate to a ‘drop of around 40% in funding for Welsh farming - a cut of around £150m a year'

Steve Witherden MP said many elderly farmers were ‘too late in life' to plan for the proposed changes to Inheritance Tax

The survey of more than 400 farmers found that of the 65% of Welsh farmers who had already invested in infrastructure or were planning to, 30% said it had come at a cost of over £100,000

Welsh Government funding schemes in 2025 will focus on preparing for the launch of the Sustainable Farming Scheme in 2026

NFU Cymru president Aled Jones said he was ‘deeply concerned' any future adjustments to agricultural funding into the Welsh block grant would be ‘subject to the Barnett formula'