00:00Then we're at 130, get on to the end.
00:01Big, up 130.
00:02Up now to 223, 123, 4, 120 more.
00:05375, set it up.
00:063,500, bid.
00:07Up 100.
00:08Pound out, double up, 400.
00:09Bid.
00:13If it wants to be passed on after death,
00:15we're going to be hit with a £1.2 million tax bill.
00:19It's just demoralising.
00:21It's just another thing you've got to overcome.
00:24The threshold of a million pound, that is more of a shock.
00:27I thought perhaps if it could be, say, put up to £10 million,
00:30something like that, then it allows family farms
00:32to keep farming.
00:38On paper, yeah, it all looks great.
00:39What are you complaining about?
00:40But the reality is, you're sat on several million pounds
00:43worth of assets.
00:44In some months, a thousand pound bill is a struggle to pay.
00:47This is going to cause economic stagnation
00:49because farms are not going to be
00:51willing to invest in their farm to increase its value.
00:54Why would you put up a new cubicle
00:55shed or a milking parlour or a slurry store
00:58if you're going to increase the value of that farm?
00:59You're just going to create a bigger problem
01:01for your next of kin.
