NFU guide: State of the Farming Economy

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Get the latest State of the Farming Economy briefing from the NFU's economic intelligence team.

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?

Key headlines in this edition include:

  • Updated commodity price analysis and outlook
  • The UK economy shrank by a record 9.9% last year as coronavirus restrictions hit output
  • Inflation rose 0.7% in the 12 months to January, up from December's 0.6%
  • Retail sales fell 8.2% in January from the month before
  • UK government borrowing hit £8.8bn in January
  • The UK's unemployment rate rose to 5.1% in the three months to December
  • Farming input costs increased by 4.2% in December compared with a year earlier
  • Farm borrowing decreased to £19.23bn, 2.5% lower than the previous month

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

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