NFU guide - State of the Farming Economy

pound coin in landscape, farming business, countryside, web crop_47375

The NFU's economic intelligence team has published its State of the Farming Economy briefing for June 2019.

The document provides a snapshot of the current economic situation and an insight into the medium-term prospects for the food and farming sector and why agriculture is important to the national economy.

What's in the briefing?

  • Updated commodity price analysis and outlook
  • The UK economy contracted by 0.4% in April 2019 from the previous month
  • UK inflation reached its highest level so far this year in April at 2.1%
  • The employment rate for women is the highest on record
  • Real wage growth stands at 1.5%, outpacing inflation for the last 15 months
  • Aldi and Lidl reached a record market share of 13.8% in the 12 weeks to 19 May 2019
  • UK food and drink exports are up 2.5% to £22.6bn in 2018
  • Updated data shows agri-food sector contributed £121.7bn to the UK economy in 2017
  • Number of people employed in the agri-food sector hits 4m in Q3 2018

Read the latest State of the Farming Economy briefing here (NFU members only – you’ll need to login).

How to log in: Use your membership number or the email address associated with your membership to log in. If you've forgotten your password, you can click here to reset it or contact NFU CallFirst on 0370 845 8458.​

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Last edited on: 14:06:2019

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  • Posted by: Giles SturdyPosted on: 18/05/2017 15:16:00

    Comment: The most striking graph is the one showing the decline in the percentage of food consumed in UK and produced here, down from 78% in 1984 to 61% in 2015. To reverse this trend and improve the productivity of UK agriculture should surely be our first priority for a post Brexit agricultural policy. Balance of Payments considerations as well as food security should be the drivers. We were only 40% self sufficient in 1939. The post war agricultural policies sent UK agriculture forward. We have now lost much of that progress.

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