Farming Focus – August 2023

In the August 2023 edition of Farming Focus we report that most English farmers should have received 50% of their 2023 BPS payment.  Do you have a 2022 SFI Agreement?  If so, read why Defra will be writing to you.  For those wanting to enter SFI 2023, you may have to wait until October to apply.  We report on a new interim agri-environment scheme for Welsh farmers and on recent announcements from the Welsh Government on the Sustainable Farming SchemeCross Compliance ends in England next year, what does this mean for farmers?  Finally, we report on the decline in fertiliser use due to price rises and on the future of Glyphosate.

The Spotlight article this month looks at the new Calf Housing Grant.  Defra has released more details ahead of the scheme opening, which is expected shortly.

Click Here to access our August 2023 edition of Farming Focus.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Impact of UK Trade Deals with Four Non-EU Partners on UK and Scottish Agriculture

The Scottish Government has recently published a Summary Report from a study that The Andersons Centre undertook in 2022 to assess the impact on Scottish agriculture of Free Trade Agreements (FTAs) between the UK and four selected non-EU partners, namely: Australia; New Zealand (NZ); Canada; and the Gulf Cooperation Council (GCC). 

It quantifies the FTA impacts on selected Scottish agricultural sectors namely: cereals (wheat and barley); livestock (dairy, beef and sheep); and potatoes. This has been done using two FTA scenarios, Low Liberalisation (tariff-free trade with a 25% reduction in non-tariff measure (NTM) costs) and High Liberalisation (tariff-free trade with a 50% NTM costs’ reduction). These scenarios are compared to the Main Baseline whereby the UK has left the EU and the Trade and Cooperation Agreement (TCA) is in place, as are the rollover trade deals that the UK agreed during the Brexit process. Additionally, a top-level comparison was given between the Main Baseline and an Alternative Baseline (No-Brexit) scenario.

The research was undertaken in collaboration with Wageningen University and Research (WUR) and used a combination of MAGNET, a computable general equilibrium economic model to assess the individual and aggregated impacts of each FTA, as well as desk-based research and interviews with industry experts representing organisations in Scotland and the UK, Australia, New Zealand, Canada and the Gulf region.

Assessments were also undertaken on the impact of tariffs, non-tariff measures (NTMs) and tariff rate quotas (TRQs) on UK trade with each selected partner, as well as the EU. These modelling results were then used in conjunction with additional analyses on potatoes to ascertain the impact of the FTAs on UK and Scottish agri-food output and farm-level performance in Scotland. 

A PDF version of the Summary Report is available via the Scottish Government website.

Farming Focus – July 2023

In the July 2023 edition of Farming Focus we report on the upcoming grant funding in England including large-scale capital grants, calf housing, barn-top solar and another round of the Slurry Infrastructure Grant.  We take a look at the recent rise in UK Base Rates and at how productive UK agriculture has been.  We report on the change in area of land farmed organically and on the AHDB’s proposed increase in levy rates.  Are you interested in driving nature recovery?  Read about the next round of the Natural Environment Investment Readiness Fund which is being targeted at groups of farmers.  Thinking about planting trees in Wales?  Take a look, the final grant window for this year opens shortly with increased payment rates.  Do you farm in the English Uplands?  Read how Defra has equalised stewardship rates for upland and lowland farms for certain options.

The Spotlight article this month looks at the latest announcement from Defra on the Sustainable Farming Incentive (SFI), including all the options available, together with payment rates.

Click Here to access our July 2023 edition of Farming Focus.

UK Feed Supplements White Paper Study

The Andersons Centre (Andersons) is undertaking a white paper study on key trends in the UK grazing livestock feed supplements’ market. As part of this research, we are seeking input from grazing livestock farmers on current usage of feed supplements, purchasing behaviour, key drivers of decision-making and how future changes are likely to shape how feed supplements are used. The survey takes 15-20 minutes to complete. All input will be treated with the utmost confidentiality and no information or opinion provided will be sourced individually to any participant or to any participant’s organisation. As a gesture of our thanks for your input, we are offering a complimentary copy of the John Nix Farm Management Pocketbook. To be eligible for a complimentary copy, all sections of the survey must be completed. The survey closes on 7th July. You can participate in the survey via: https://www.surveymonkey.co.uk/r/CQ9ZRFG

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Agflation has Peaked, but its Corrosive Effects Linger

After rising sharply since 2021 and peaking in July 2022 at 28.4%, agricultural inputs’ inflation (Agflation) has been in free-fall during the first half of 2022 and has become deflationary. The latest estimates suggest that agricultural input prices in May 2023 are 3% lower than in May 2022. Agricultural output prices have broadly mirrored the trend for agricultural inputs and have also become deflationary, currently standing at -2.3%. This is in sharp contrast to food prices (depicted by CPI Food), which in May 2023 are estimated to have risen by 18.7% year-on-year.

Although, it appears that food prices for consumers are continuing to rise whilst agricultural prices are falling, importantly, there is a lag between how agricultural prices evolve and how these prices are reflected in retail prices. Back in 2017, when agricultural output prices reached their highest point in May of that year (at 13.2%), the CPI Food index did not peak until the following November (at 4.1%). This reveals a lag of about 6 months and indicates that the highest extent of inflation in food prices was significantly lower than for agricultural outputs. A key reason for this is that agricultural raw materials are one of several inputs that go into supplying food to consumers. Other inputs such as labour, energy, and packaging are also significant, and traditionally are much less volatile than agricultural prices.

Andersons ‘Agflation’ and UK Consumer Prices Index (CPI) – 2015 to 2023

Sources: ONS, Defra and Andersons

Notes: Andersons’ Agflation index builds upon on Defra price indices for agricultural inputs and weights each input cost (e.g., animal feed) by the overall spend by UK farmers. Andersons then provides a more up-to-date estimate of the price index for each input cost category.   The Agricultural Outputs index is compiled in a similar manner. Defra price indices for agricultural outputs are weighted based on their overall contribution to UK farming output. Andersons then provides more recent estimates for each output category, with the index being updated as the official Defra data becomes available.
* represents the % change versus the same month a year earlier.

That said, the combined effects of Brexit, Covid and the Russia-Ukraine conflict have exerted multiple pressures on both agricultural commodities, labour and energy inputs meaning that recent CPI Food inflation has almost reached 20%. However, there are signs that food price inflation might have peaked in March 2023, about 7 months after agricultural output prices had done similar.

Furthermore, although the chart above shows that inflation is trending downwards, it disguises that agricultural and food prices today are substantially higher than they were two years ago, as the indexed chart below shows. Agricultural input prices are 24% higher, agricultural outputs are up 15% whilst food prices are up by 29% in that time. In this time, prices elsewhere in the economy, denoted by the CPI index are also up by 18%. This reveals the corrosive pressure that inflation exerts on consumers’ incomes. Understandably, workers will seek pay rises to mitigate these increases. This, in turn, will mean that inflationary pressure across the economy generally will continue to linger, especially as annual inflation (8.7% (CPI)) remains way higher than the Bank of England’s 2% target.

Indexed Chart of Agricultural Inputs, Outputs, Food Prices and CPI – 2015 to 2023

Sources: ONS, Defra and Andersons

With consumer incomes under pressure, there is even greater focus on food prices and, by implication, the prices that farmers receive. All the while, farmers too are contending with their costs being significantly higher than two years’ ago. This signifies further challenges ahead, at a time when recent Free Trade Agreements with Australia and New Zealand have entered into force. Although farmers in those countries have also had to contend with inflationary pressures, it suggests that a delicate balancing act will be needed so that British prices remain competitive, whilst permitting farmers to cover the significant cost increases that they have experienced in the past two years.

Indeed, a key reason why agricultural inflation has come down is because the annualised figures compare with a given month a year earlier, a period when the world was adjusting to the shocks caused by the start of the Russia-Ukraine conflict. When annual inflation is compared to a period after which costs had increased considerably, it is unsurprising that the rate of increase has slowed, or turned negative in the case of agflation.

In such times, it is more important than ever for farmers and those that transact with farmers to be aware of the costs that farmers face. The Agricultural Budgeting and Costing Book contains all the farm and rural business information you need in one publication. It is concise, clear, and easy-to-use. The information is updated every six months, so you are always using the most relevant data, something which is especially vital during inflationary periods. The contents include;

  • Fully updated gross margins for all farming sectors, crops, and livestock, including net margins for key enterprises.
  • Sensitivity analysis and discussion of market prospects.
  • The widest range of information on alternative enterprises, diversification, and non-farming income sources available in any UK publication.
  • Explanation of the support systems and grants across GB, including BPS rules and rural grants. An outline of post-Brexit farm policy.
  • Farming costs including forage, feed, fertiliser, and pesticides.
  • Overhead cost data covering machinery, labour, contracting, building costs, and rents.
  • A vast array of general reference information for the farming sector.

For nearly 50 years, The Agricultural Budgeting and Costing Book has been providing industry leading farm management and costings information to agricultural advisors across the UK and is the leading publication of its kind in the industry. The 96th Edition, or an annual subscription (2 editions) can be ordered via The Andersons Centre website – https://theandersonscentre.co.uk/shop/

Ends.

Notes:

No. of Words: 966

Authors: Michael Haverty and Richard King

Date: 21st June 2023

This news release has been sent from The Andersons Centre, 3rd Floor, The Tower, Pera Office Park, Melton Mowbray, Leicestershire LE13 0PB. For further information please contact Michael Haverty on +44 (0)7900 907 902 or Richard King via +44 (0)7977 191427. 

Farming Focus – June 2023

The June 2023 edition of Farming Focus takes a look at Defra’s latest farming income figures and our forecasts for the coming year.  We also report on the Government’s response to the Rock Review of Tenancy legislation.  The UK’s trade deals with Australia and New Zealand came into force on 31st May – the first negotiated by the UK Government.  Do you want to make landscape-scale change?  The third element of ELM – the Landscape Recovery scheme is open for the second round of applications.  We report on GB potato production which is forecast to shrink in 2023.  The BoE increased UK interest rates again and we finish on some research released by AHDB comparing costs of production in the UK with other key competitor nations.

The Spotlight article this month is on one of our model farms – Friesian Farm.  Updated figures show a record ppl profit in the year just finished.  But falling milk prices see margins forecast to disappear this year.

Click Here to access our June 2023 edition of Farming Focus.

UK Feed Supplements White Paper Study

The Andersons Centre (Andersons) is undertaking a white paper study on key trends in the UK grazing livestock feed supplements’ market. As part of this research, we are seeking input from grazing livestock farmers on current usage of feed supplements, purchasing behaviour, key drivers of decision-making and how future changes are likely to shape how feed supplements are used. The survey takes 15-20 minutes to complete. All input will be treated with the utmost confidentiality and no information or opinion provided will be sourced individually to any participant or to any participant’s organisation. As a gesture of our thanks for your input, we are offering a complimentary copy of the John Nix Farm Management Pocketbook to the first 30 respondents. To be eligible for a complimentary copy, all sections of the survey must be completed. You can participate in the survey via: https://www.surveymonkey.co.uk/r/CQ9ZRFG

Also, a reminder that if you are an ABP supplier you could potentially avail of a free carbon footprinting assessment for your farm. ABP recently launched its PRISM 2030 Programme which Andersons is involved with. Places are limited, only 350 available. Its’ aim is to help participants to improve their carbon footprint and sustainability across the farm. A grant scheme will be available in the spring for signed up participates. If you supply ABP and would like to find out more information about joining PRISM 2030, please contact Katie Thorley via [email protected] or call 07977 061664.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin (incorporating Andersons AgriBrief)? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Farming Focus – May 2023

The May 2023 edition of Farming Focus reports on how we are still awaiting further information on the six new SFI Standards.  Are you thinking of a farm diversification? If so, there could be some funding available.  We take a look at what joining the Comprehensive and Progressive Trans-pacific Partnership might mean and report on the Genetic Technology (Precision Breeding) Act which has received Royal Assent.  Will a ban on ‘Parallel’ PPPs mean higher spray prices and less choice?  If you are interested in the development of environmental markets Defra has released a new paper which is worth a read.  Finally, the Water Management Grant and the Animal Health and Welfare are both open and a reminder that BPS and SAF claims must be submitted by 15th May.

The Spotlight article this month reports on Defra’s recent announcement on more details on how delinking of the BPS is to work including transferring of the Reference Amount.

Click Here to access our May 2023 edition of Farming Focus.

Also, a reminder that if you are an ABP supplier you could potentially avail of a free carbon footprinting assessment for your farm. ABP recently launched its PRISM 2030 Programme which Andersons is involved with. Places are limited, only 350 available. Its’ aim is to help participants to improve their carbon footprint and sustainability across the farm. A grant scheme will be available in the spring for signed up participates. If you supply ABP and would like to find out more information about joining PRISM 2030, please contact Katie Thorley via [email protected] or call 07977 061664.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin (incorporating Andersons AgriBrief)? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Farming Focus – April 2023

The April 2023 edition of Farming Focus reports on Defra’s first estimates of Farm Business Income for 2022/23 and the latest economic forecasts from the OBR.  Do you need help with your BPS application? 2023 is an important year; with the claim period now open contact one of our consultants for advice.  Defra has removed the limit on capital grants; contact one of our consultants if you need advice on making an application.  The Animal Health and Welfare Grants are also now open for applications.  Have a look and see how you can give feedback on Defra’s new Rules for Farmers and Land Managers information page.  The BoE has increased Base Rates again.  We report on the the Windsor Framework and what it means for goods moving from GB to NI.  Finally we take a look at British Sugar’s Early Beet Contract.

The Spotlight article this month looks at an update to The Andersons Centre’s model arable business – Loam Farm.  The budget highlights the volatility within the sector.  After two very good years, including a record high for 2022, the prospects for the current year look concerning.

Click Here to access our April 2023 edition of Farming Focus.

Also, a reminder that if you are an ABP supplier you could potentially avail of a free carbon footprinting assessment for your farm. ABP recently launched its PRISM 2030 Programme which Andersons is involved with. Places are limited, only 350 available. Its’ aim is to help participants to improve their carbon footprint and sustainability across the farm. A grant scheme will be available in the spring for signed up participates. If you supply ABP and would like to find out more information about joining PRISM 2030, please contact Katie Thorley via [email protected] or call 07977 061664.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin (incorporating Andersons AgriBrief)? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Farming Focus – March 2023

The March 2023 edition of Farming Focus reports on Defra’s long-term environmental commitments contained in its new Environmental Improvement Plan (EIP).  Defra has released more information on Biodiversity Net Gain (BNG), could this be a new income stream for some land managers?  Read when farm support will change in Scotland as the Scottish Government releases its route-map.  In England, Defra has published key application and claim dates for 2023.  In other news the FiPL scheme in England and the Farming Connect programme in Wales have both been given extensions.  The AHDB has announced it is moving offices to save money and we report on a further increase in base rates as the UK economy just avoids entering a recession.

The Spotlight article this month looks at the Farming Equipment and Technology Fund (FETF) which provides grants for certain items of equipment that have pre-identified by Defra.

Click Here to access our March 2023 edition of Farming Focus.

Also, a reminder that if you are an ABP supplier you could potentially avail of a free carbon footprinting assessment for your farm. ABP recently launched its PRISM 2030 Programme which Andersons is involved with. Places are limited, only 350 available. Its’ aim is to help participants to improve their carbon footprint and sustainability across the farm. A grant scheme will be available in the spring for signed up participates. If you supply ABP and would like to find out more information about joining PRISM 2030, please contact Katie Thorley via [email protected] or call 07977 061664.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin (incorporating Andersons AgriBrief)? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Farming Focus – February 2023

The February 2023 edition of Farming Focus reports on the new legally binding environmental targets, it also explains what support farmers will receive towards their energy bills after April 2023.  Contact your consultant if you need help with your BPS application, the window opens in March, the last before delinking, what does this mean?  For farmers in Wales, we report on the Winter Update, see when schemes are open.  Do you supply ABP? If so, you are eligible for its PRISM 2030 Programme, read what this means for you.  Finally we take a look at the latest farm rents data in England.

The Spotlight article this month looks at ELM in more detail including the 6 new SFI Standards which will be available from this summer and changes to Countryside Stewardship.

Click Here to access our February 2023 edition of Farming Focus.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin (incorporating Andersons AgriBrief)? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Cost of Farming Squeeze Continues

Agricultural inputs’ inflation (Agflation) continues to outpace general economic inflation (CPI) as well as agricultural outputs and food prices (denoted by CPI Food). This is the key finding of Andersons’ Agflation estimates for January. The latest estimates put Agflation at 18.7% annually, significantly ahead of agricultural outputs (11.1%). Although the CPI and CPI Food indices continue to rise, currently standing at 10.5% and 16.8% respectively, there is still a gap between the food price inflation that consumers face and the increased input costs that farmers must manage. Therefore, UK agriculture continues to experience a cost of farming squeeze.

Andersons ‘Agflation’ and UK Consumer Prices Index (CPI) – 2015 to 2023

Sources: ONS, Defra and Andersons

Notes: Andersons’ Agflation index builds upon on Defra price indices for agricultural inputs and weights each input cost (e.g., animal feed) by the overall spend by UK farmers. Andersons then provides a more up-to-date estimate of the price index for each input cost category.   The Agricultural Outputs index is compiled in a similar manner. Defra price indices for agricultural outputs are weighted based on their overall contribution to UK farming output. Andersons then provides more recent estimates for each output category, with the index being updated as the official Defra data becomes available.
* represents the % change versus the same month a year earlier.

Although Agflation remains higher than food prices, it is declining. In July 2022, it peaked at 26.3%. That said, throughout 2022, agricultural input cost inflation generally surpassed price rises for agricultural outputs. The only exception came in October and November when both indices were aligned. During December and January, the agricultural outputs’ inflation rate has more than halved, declining from 22.9% in October to 11.1% today. It is now 7.6 percentage points lower than agricultural inputs’ inflation.

This signifies a challenging period ahead for farmers as the gap between input cost rises on the one hand and output prices on the other continues to widen. Global Dairy Trade (DGT) auction prices, taken as a proxy for global milk prices, have declined by 6% in the past month. Feed wheat prices (£213/t) are also down by 6% versus December and are returning to levels seen this time last year when prices stood at £210/t. The implications of these trends will require careful consideration.

Whilst general economic inflation looks to have peaked and several commentators are forecasting that the inflation rate will decline significantly during 2023, food prices continue to rise. This should not come as a surprise at this juncture because there tends to be a lag between the rates of inflation for agricultural commodities (inputs and outputs) and the inflation rate for food prices. In the past year or so, this has been in the region of 6 months. With agricultural inflation peaking in July, one would anticipate that the CPI Food index will also peak shortly, if it has not already done so.

Inflation and the impact of the ‘cost-of-living crisis’ on UK agriculture will be key themes during the forthcoming Andersons’ Spring Seminars on the Prospects for UK Agriculture which will be taking place across 11 UK venues from 24th February. The Seminars will examine UK farming’s profitability and performance, upcoming farm policy changes, trade, inflation and the impact of the cost-of-living crisis. They also provide sector-by-sector analysis and profitability outlook for the farming industry. Andersons’ Seminars have been running for 26 years and are renowned across Britain for informing agri-food professionals on how the industry is set to evolve in the next year and beyond, and the implications thereof for organisations serving the sector.

Despite the inflationary pressures that UK farming is facing, we have held the cost of the seminars at the same level as last year. Furthermore, if you book online via you will receive, via e-mail, a bonus complimentary copy of our most recent Professional Update bulletin (worth £50). More information including booking details is available via: https://www.theandersonscentre.co.uk/seminars

Ends.

Notes:

No. of Words: 658

Authors: Michael Haverty and Richard King

Date: 31st January 2023

This news release has been sent from The Andersons Centre, 3rd Floor, The Tower, Pera Office Park, Melton Mowbray, Leicestershire LE13 0PB. For further information please contact Michael Haverty on +44 (0)7900 907 902 or Richard King via +44 (0)7977 191427. 

Farming Focus – January 2023

The January 2023 edition of Farming Focus reports on the increased number of workers able to come to the UK under the Seasonal Agricultural Workers Scheme.  Defra is expected to announce details of a further round of Landscape Recovery (LR) shortly, could this be of interest to you?  Already open in England is a pilot to help support new entrants into farming.  We also report on another grant due to open which will fund ‘ambitious solutions’ within agriculture and horticulture.  More details are emerging about the Nutrient Mitigation Scheme – could this be another income stream for you?  Or could changes to planning policy present opportunities for your business?  The Welsh Government has opened a consultation on introducing a licensing scheme to allow higher levels of nitrogen applications and has also confirmed the BPS will remain at current rates for 2023 and 2024.  Finally, we report on another Base Rate rise.

The Spotlight article this month looks at Agflation, examining how input costs continue to increase while output values stall.

Click Here to access our January 2023 edition of Farming Focus.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin (incorporating Andersons AgriBrief)? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/

Farming Focus – December 2022

The December 2022 edition of Farming Focus reports Countryside Stewardship plus will now replace the Local Nature Recovery scheme following the ‘review’ of the Agricultural Transition; have a look at what else this means for ELM.  We take a look at the Trade (Australia and New Zealand) Bill currently going through Westminster and comment on further interest rate rises.  Defra’s latest Farm Business Income (FBI) figures to Feb 2022 show good results for all sectors apart from pigs and we remind readers that the Countryside Facilitation Fund is open again.  Finally, we take a look at the UK potato area and yield for 2022 and forecasts for 2023 following a difficult year for the sector.

The Spotlight article this month looks at the details of the new Slurry Infrastructure Grant which is now open.

Click Here to access our December 2022 edition of Farming Focus.

If you require advice from one of our consultants, do not hesitate to contact them by email or phone.  Their contact details can be obtained by clicking here. Alternatively, your can also contact our office on 01664 503200 or email [email protected]

If you would like more detail on the topics covered above as well as additional articles on UK farm business matters, why not subscribe to our Professional Update bulletin (incorporating Andersons AgriBrief)? Over the course of each month, we give a concise and unbiased commentary on the key issues affecting business performance in the UK agri-food industry, and its implications for farming and food businesses. Please click on the link below for a 90-day free trial:

https://theandersonscentre.co.uk/publications/abc-professional-update/