Environment secretary Steve Reed has insisted "only around 500 farms will be affected" by the new family farm tax. The plans to impose inheritance tax on farms worth more than £1 million have sparked fury among rural communities, with thousands of farmers descending upon Westminster on Tuesday in protest. <br /> "The vast majority of farms will pay nothing more under the new scheme - that's been validated by the Independent Office for Budget Responsibility," Mr Reed added. <br /> Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
