United Kingdom

Even before it has extracted a single penny from farmers, the inheritance tax already is taking a toll. Many older farmers are confused, wondering if they must take drastic action right now. Younger people are second guessing their plans because they don’t know what the future holds for the farms their parents and grandparents built and maintained.

In October 2023, Arkansas became the first state to ban foreign-owned farmland. More states look to adopt similar laws, but one policy expert says the issue is rooted in politics and warns of unintended consequences.

“In this current situation, the traditional approach to free trade agreements — which isn’t just tariff cuts, but that they do tariff cuts on a fully comprehensive basis — isn’t what we need right now,” Tai says.

British Prime Minister Liz Truss and President Biden agree a U.S./U.K. trade deal is a low priority. However, the U.K. might lean on the U.S. more in coming weeks as many countries prepare to ban Russian oil.

Queen Elizabeth II, the UK’s longest-serving monarch, recently passed away at the age of 96. The late queen, who was well-known for her soft spot for animals, had a herd of 200 registered Jersey cows.