NFU guide: State of the Farming Economy

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The NFU's economic intelligence team has published its State of the Farming Economy briefing for June 2020.

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?

This edition includes commentary on how COVID-19 is starting to effect agriculture and the wider economy.

  • Updated commodity price analysis and outlook
  • The UK economy contracted by a record margin in April
  • Interest rates remain at an all-time low
  • Inflation at lowest level since June 2016
  • 9.1 million workers having their wages paid through the government's furlough scheme
  • UK self-sufficiency at 64% in 2019
  • Consumer expenditure on food, drink and catering increased by 2.7% in 2019 to £234 billion

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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