Stung by soaring fertilizer costs, many British farmers are cutting investment and making major changes to their crop plans, including by producing less wheat used in bread, a survey showed on Thursday.
One third of farmers have changed their crop plans in the past four months, with 90% of them blaming fertilizer costs, the results of a survey of 525 crop farmers by the National Farmers’ Union showed.
“Costs are rising rapidly on farms across the country,” NFU President Minette Batters said. “It’s already having an impact on the food that we are producing as a nation as well as leading to a crisis of confidence among Britain’s farmers.” Britain is facing its worst inflation in 40 years, pushing up prices of everything from food to furniture and contributing to a wave of worker strikes across industries where unions are arguing for better pay.
“The survey also indicates that farmers are beginning to switch from growing milling wheat for bread to feed wheat for animals, because it has a lower fertilizer requirement,” the NFU said. “These rising costs are denting farmers’ con
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Agri policy needs more bottom-up planning to meet farmers’ needs, study concludes - BusinessWorld OnlineAGRICULTURE and fisheries planning needs to be more “bottom-up” to better meet the needs of farmers and fisherfolk, steering away from “top-down” programs imposed from above, especially those concerning rice, according to a study by the Philippine Institute for Development Studies (PIDS).
Baca lebih lajut »
National Government outstanding debt - BusinessWorld OnlineBusinessWorld: The most trusted source of Philippine business news and analysis
Baca lebih lajut »
Business sentiment for next 12 months worsens - BusinessWorld OnlineBusiness sentiment worsened for the next 12 months, with consumers less likely to spend amid rising oil and food prices, according to the Philippine central bank. READ:
Baca lebih lajut »
Business chambers endorse Trade dep’t position on joining RCEP, MSME support - BusinessWorld OnlineTrade Secretary Alfredo E. Pascual’s intention to join more free trade agreements received backing from major business chambers, who declared support for participating in the Regional Comprehensive Economic Partnership (RCEP). READ:
Baca lebih lajut »
June inflation likely hit 6% — poll - BusinessWorld OnlinePhilippine inflation probably hit 6% in June amid spiraling oil and food prices and higher electricity rates, according to a median estimate of 16 analysts in a BusinessWorld poll last week, boosting the case for bigger increases in key interest rates.
Baca lebih lajut »
Shares to move sideways ahead of inflation data - BusinessWorld OnlineThe benchmark Philippine Stock Exchange index (PSEi) inched up by 9.92 points or 0.16% to close at 6,165.35 on Friday, while the broader all shares index improved by 3.89 points or 0.11% to 3,340.12. READ:
Baca lebih lajut »