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Last edited on: 06:10:2017

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NFU guide - State of the Farming Economy

pound coin in landscape, farming business, countryside, web crop_47375

Our economic intelligence team has produced a new State of the Farming Economy briefing.

The document gives our members the inside line on current markets, and an insight into the short, medium and long-term prospects for food and farming - and particularly the strength of the sector in the run-up to Brexit. 

It provides clear statistical evidence of our sector's importance to the national economy.
 

This month's topic areas include:

  • UK GDP growth slows to four year low
  • Bank of England expects interest rate rise in 'relatively near term'
  • Pay growth remains well below inflation
  • Pound remains highly sensitive to weak economic data and political announcements
  • UK and Global food prices round-up
  • New farm borrowing figures
  • Grocery sales growth hits highest rate since 2012
  • Updated commodity prices analysis and trends
  • Medium-term Prospects for EU Agricultural Commodities 2016-2026
  • British Farming's key role in the Economy: Picking the positives.

Read the latest State of the Farming Economy here (for our members – you’ll need to log in).


NFU members: Have your say

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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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