The National Federation of Young Farmers’ Clubs (NFYFC) say the next generation of farmers have serious concerns about an uncertain future following the Budget announcements.
“The government has made it clear that its priorities are food security, sustainable farming, and environmental restoration. However, the proposed tax and wage changes threaten the continuity and viability of family farms and rural diversification businesses, jeopardising the prospects for a much-needed future generation in agriculture.
“The next generation already faces significant challenges in accessing land and finance and the Budget has only browbeaten us further. Changes to Agricultural Property Relief (APR) will only result in more farming land being sold off and further limit farmers' ability to borrow and invest in the future.
“The call for the Minister to meet and discuss issues facing the next generation of farmers—both those currently in the industry and those aspiring to join—is more urgent than ever."
Announcements in the Budget about the increase for employer’s National Insurance contributions (NIC) and changes to the NIC threshold will also impact charities employing staff, including NFYFC and its 46 county federations.
The Office for Budget Responsibility estimates average employers will face an extra £800 per employee when these changes take effect in April 2025.
“The increase to NIC will be felt by YFC County Federations that, like many charities, are already struggling with increasing costs and reduced funding for rural services. Many charities operate on shoestring budgets, and the impact of this additional expense will be felt by them. Difficult budget choices will be necessary in the coming year.
“Our county teams offer vital support to Young Farmers’ Clubs and rural communities, often in isolated areas where youth services are scarce or non-existent."
NFYFC has more than 23,000 members, aged 10-28 across England and Wales. It is one of the largest rural youth organisations in the UK and heads a nationwide body of 577 Young Farmers’ Clubs (YFCs) dedicated to supporting young people in agriculture and the countryside.
