Farms can work quite well in trusts, especially where the succession is uncertain. The trust allows different family member to benefit for certain periods of time while keeping the integrity of the land.
The Budget 2024 proposals will have impacts on trusts, but these will be coming in gradually. The first ten year charge after 6 April 2026 will be in the new rules but that first charge will be reduced to the extent of the part of the ten year period being before 6 April 2026.
My article for Croner is available here.