One story has dominated the media since the Chancellor’s Budget: The decision to reduce Agricultural Property Relief for farming businesses. Many farmers have been very vocal about the potential impact of this, and there is a lot of fear that it will lead to the break up (and break down) of family farms. Others though, say the hype is overblown and it will only impact the very richest.

This all comes at a time of huge change for farming, not least the phasing out of traditional area based support payments, and the transition to more nature-friendly farming practices. On top of this is the very real urgency to reduce emissions, while also ensuring food security in an increasingly tense world.

So what could the impact be on farming and its ability to weather the changes ahead and lead the transition to a more sustainable food system? How might the changes affect farmers’ ability to reduce emissions or enter into natural capital markets and contracts? What are the many nuances at play, including culture, emotional ties, wealth and business viability?