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).

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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