NFU guide - State of the Farming Economy

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The NFU's economic intelligence team has produced a new State of the Farming Economy briefing for April 2019.

The document provides a snapshot of the state of the farming economy including the current economic and farming situation in a post-Brexit economy. It also gives 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 grew by 0.3% in the three months to February  2019
  • UK inflation increased to 1.9% in February, but still below the Bank of England’s 2% target
  • The number of people employed in the UK reaches a record high of 32.7 million people
  • Real wage growth stands at 1.4% - the strongest rate it has been in more than 2 years
  • UK grocery sector remains in growth with sales of 1.4% in the 12 weeks to 24 March 2019
  • UK food and drink exports are up 2.5% to £22.6bn in 2018
  • Updated data shows agri-food sector contributed £121.7 billion to the UK economy in 2017
  • Number of people employed in the agri-food sector hits 4 million in Q3 2018

Read the latest State of the Farming Economy briefing here (for our members – 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.​

Last edited on: 18:02:2019

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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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