Three in five Brits believe food prices will rise due to the newly announced 'family farm tax,' according to recent research.

Almost half (44%) of those anticipating price increases said they would turn to cheaper, lower-quality food options to cope with the changes.

The study, commissioned by the Liberal Democrats, surveyed over 2000 adults across the UK. It highlights the potential impact of inheritance tax changes set to take effect from April 2026, as outlined in the recent budget.

MORE NEWS | Welsh government drops 10% tree cover rule for farmers

MORE NEWS | NI parties back motion for new bTB strategy

Additionally, 35% of respondents expecting price hikes said they plan to reduce their food purchases as a direct result of the tax.

The recently released findings also underscore concerns about public health. Nearly one in five of those predicting price rises indicated they are likely to buy less fresh fruit and vegetables.

Small businesses and local shops may also feel the strain, as 20% of respondents said they would opt to shop at larger supermarkets, potentially undermining independent retailers already facing pressures such as the employers' National Insurance Contribution increase.

Liberal Democrat chief whip Wendy Chamberlain criticised the tax's broader implications, stating: "The budget shows that the government does not understand farmers and how critical they are to food security, to the protection of our natural environment and to the British economy.

“We are urging the government to axe the tax now, or else the impact will be felt for millions across the country already struggling to make ends meet.”

This follows research by the NFU revealing the inheritance tax proposal as one of the most unpopular measures in the autumn budget. Two-thirds (65%) of Brits surveyed by the NFU felt the government had not adequately considered the changes' impact on family farms.