But now for those with farms worth more than £1million, the 'death tax' will apply with a 50 per cent relief at an effective rate of 20 per cent from April 2026 Mr Clarkson, who owns a 1,000 acre farm in the Oxfordshire, posted on X: 'Farmers. I know that you have been shafted today. 'But please don't despair. Just look after yourselves for five short years and this shower will be gone.'Jeremy Clarkson said farmers had been 'shafted' as he broke his silence on Labour's inheritance tax hike announced in the Budget on WednesdayChancellor Rachel Reeves said the country had 'voted for change' and vowed to 'invest' as she mounts one of the biggest raids in history in the CommonsThe Top Gear presenter also recently opened a pub, The Farmer's Dog, in Asthall, near Burford in OxfordshireMr Clarkson bought Diddly Squat Farm in the Cotswolds back in 2008 but has managed it himself since 2019The 64-year-old has documented his radical career change on his hit Prime Video show Clarkson's FarmThe former Top Gear presenter also criticised Ms Reeves for not doing enough to help the beleaguered booze industry. In her speech today when she unveiled a staggering £40million tax bomb, the Chancellor cut draught duty by a meagre 1.7 per cent.In a scathing critique, Mr Clarkson, who opened his £1million pub in the Cotswolds earlier this year, wrote on X: 'Rachel Reeves. I literally daren't comment,' before adding: 'We have a new government. It's turning out to be hopeless.'