NFU guide - State of the Farming Economy

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

The NFU's economic intelligence team has produced a new State of the Farming Economy briefing.

The document gives NFU 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:

  • Inflation rate slips to 3%, the first fall for six months 
  • UK growth forecast cut sharply 
  • Pound remains highly sensitive to weak economic data and political announcements
  • UK and global food prices higher in 2017
  • Wage rates to rise in April 2018
  • Farm borrowings reach record £18.6bn
  • UK food and drink exports grow by 15% in third quarter of 2017
  • 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 briefing here (for our members – you’ll need to log in).

Last edited on: 22:01:2018

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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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