2026 could see investment return to the agri-sector says Norfolk farmer
2025 brought a drought in the spring and record low yields for growers in the Autumn
A local farmer is telling us that 2026 could see investment return to the local agricultural economy.
It's after restrictions on inheritance tax relief for growers were raised from 1 million pounds to 2-and-a-half million pounds by ministers earlier this month.
2025 brought a drought in the spring and record low yields for growers in the Autumn.
"We could start to see confidence drain back into the industry"
Will Sargent lives and works south of Norwich:
"The way to describe 2025 is challenging. The weather conditions we experienced meant that the barn was half as empty as it was the year before that
"If the supply-chain can become fairer and farmers can get bigger slice of the pie here, then we could start to see confidence drain back into the industry once again.
"People might start to make bigger investments and perhaps buy more machinery and invest in land more.
The Treasury say changes to Inheritance taxes are being brought in to ensure the wealthiest estates pay their fair share towards improving public services.
Ministers also say that they're investing £5 billion through the Government's farming budget.