Third of British farmers made no profit in past year, report finds

A recent report reveals that a third of British farmers are struggling financially, with many either breaking even or operating at a loss. The Farmdex report, commissioned by McCain Foods, highlights that only 14% of farmers achieved a profit margin of 10% or more in the past year. This financial strain is largely attributed to the reduction in subsidies following Brexit and impending changes to inheritance tax. The findings underscore the challenges facing the agricultural sector, raising concerns about the future sustainability of farming in the UK.