AgriFacts
December 2025
Welcome to the December 2025 edition of AgriFacts, brought to you by our agribusiness team and designed to keep you informed about the latest developments in the agricultural sector. Within this issue, you will find comprehensive coverage of global and UK market pricing, accompanied by insightful commentary. We are keen to ensure that AgriFacts remains both interesting and useful to you. Your feedback on the content is invaluable, and we would appreciate any suggestions for topics, that you would like to see covered in future editions. Please send all suggestions to agrifacts@ fishergerman.co.uk
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As we bring you this timely edition, we would also like to take the opportunity to wish all our readers a very Happy Christmas and extend our best wishes for a prosperous 2026.
Which country did eggnog originate from? A) Canada B) Netherlands C) UK
November 2025 Budget - Farming business key points The November 2025 Budget offered a
The negatives:
welcome sigh of relief following months
•
of uncertainty and speculation.
remain unsolved, curbing Agricultural Property Relief and exposing
Businesses, caught in a fog of rumours
businesses to the real threat of
about potential upheaval, largely pressed
having to sell assets to survive
pause on their plans, anxiously awaiting concrete details before making any bold
Core reforms to Inheritance Tax
•
Cuts to capital allowances on
moves. Yet, when the dust settled, many
investment narrow opportunities for
of the expected shake-ups simply didn’t
growth and modernisation
materialise.
•
impact labour costs particularly on
What does this mean? The positives: • • •
Increased minimum wage rates will businesses with seasonal labour
•
The property tax proposal on houses
Capital gains tax rates remain
worth more than £2m may have a
unchanged
greater impact on farmhouses in rural
The rules for lifetime gifts are being
areas. Implementing this tax will be
retained
challenging
The Inheritance Tax concession allowing £1m agricultural/business property allowance to be passed between spouses, safeguarding family legacies
•
No reform of business rates
With the announcements behind us, it is hoped that greater certainty will provide some reassurance for planning ahead, although it seems unlikely that this budget will truly inspire confidence or drive growth.