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 December 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 suffered its weakest three months for more than a decade
  • UK inflation rose at an annual rate of 1.5% in November, the lowest rate since November 2016
  • UK unemployment fell to its lowest level since January 1975 in the three months to October
  • Wage growth in the UK was 3.5% in the year to August to October 2019, slightly below the previous months figure of 3.6%
  • Defra’s final estimate for Total Income from Farming (TIFF) in 2018 was £4.6bn

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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