NFU guide - State of the Farming Economy

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The NFU's economic intelligence team has produced a new State of the Farming Economy briefing for June 2018. 

This document provides a snapshot of the state of the farming economy including the current economic and farming situation in a post-Brexit economy. It also gives an insight into the medium to long-term prospects for the food and farming sector and why agriculture is important to the national economy.  

What's in the briefing?

  • Growth and inflation forecast downgraded
  • UK food prices fall further
  • Bank of England keeps interest rate on hold after poor economic data
  • Farmgate milk prices fall for the fourth consecutive month
  • Farm borrowings reach £18.5bn in April
  • Weak pound helps farm profitability to rise, albeit from a low base
  • Agriculture’s contribution to the economy breaks the £10bn mark
  • 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 login).

Last edited on: 12:06:2018

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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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