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 October 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 grew by 0.3% between June and August 2019, indicating a recession can be avoided.
  • UK inflation rose at an annual rate of 1.7% in September, the lowest rate since December 2016.
  • The unemployment rate rose to an estimated 3.9% in the June to August period.
  • Wage growth in the three months to August was at 3.8%, still outpacing inflation.
  • Farm borrowing has seen a 61% increase from 2010 to 2019, currently at £19.3bn.

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: 16:10:2019

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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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