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00:00We want our younger ones to take on our farms, our heritage, and for example for me, I haven't
00:04got a farm to pass down, but I have got a business that I've grown since I was 16 years
00:07old, so to pass that on to my child now, I'm going to get taxed on that, and actually can
00:11he afford to take that business on, and if he has to then sell two tractors for example
00:15to pay that tax bill, is that going to be unprofitable to actually then make sure he
00:20can have a livelihood off that business.
00:23So I think that's the challenge, I think that's why everyone's come together today, and I
00:27think it's been a long time running actually in terms of the different policies changing
00:30for the last maybe ten years I would say, and we've all accepted it, but now it's come
00:34to the point where actually it's going to affect us massively and we have to do something
00:37about it.
00:38The government's been in place for three or four months, so it's come out and basically
00:42said this is how we want to deal with the farming in the countryside, and the strength
00:50of feeling comes from gosh they've missed that by a country mile, they're so far removed
00:59from actually the business of farming and the day-to-day operation, and actually going
01:04back to the limit, Caleb mentions the business property relief, this isn't just a tax on
01:08farms, this is a tax on every small, medium-sized business in the country, which is the backbone
01:14of Britain's economy.