Mole Valley Farmers
Farminguk
29 August 2016 | Online since 2003
Briefing Media - FG Classified


28 February 2014 04:14:22 |Finance,News

Figures reveal steadying farm costs


Results for the last six months of the Anglia Farmers Agricultural Inflation Index have shown that farm inputs costs have remained steady.
Representing inflation experienced since August 2013 to the end of January 2013, the latest Aginflation figure of 0.08% indicates minimal overall change in costs over the past six months, and a fall from a figure of 3.31% in August last year.
The figures reflect a period of relative stability. Costs for fertiliser, seed, machinery and animal feed and medicine have fallen, though all by less than -0.5%.

Figures showing the cost of production against RPI reveal that the cost of sugar beet production has fallen by only -0.6% while the RPI for granulated sugar has decreased by -6.52% - all in a year when farmers have received the lowest ever price per ton in real terms.
The cost of producing potatoes has fallen by -2.73% while RPI has fallen further, by -7.62%. Two product areas are bucking the trend – the price of producing cereals has risen very slightly by 0.32% while RPI has increased by 3.19%, and beef and lamb production costs have increased by 1.2% while the RPI has risen slightly further, by 1.55%.

The RPI of milk has remained at 0% since 2011 but costs for dairy farmers have shown another increase, with costs up 0.31% (a significantly lower rise that the 4.6% increase in production costs last year.)
Costs in the index are noted when they are experienced rather than when the inputs are used and the prices reflect prudent purchasing practice so may include, for example, fertiliser purchased but not applied until the following year.
Launched in 2006 by Anglia Farmers (AF), the index has become a definitive tool for assessing the cost of farming production and guiding negotiations within the wider food industry.
Using information from the group’s buying office, which has a sourcing power of more than £250 million, it is intended to reflect the changing expenditure of farming and is a weighted average of nine cost centres and 132 cost items.
Weightings within cost centres and between them are based on average farm and grower expenditure.

Download

0 Comment

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment


Canada | 26 August 2016
Canadian beef exports to EU in limbo over E. coli dispute

If differences of opinion over food safety practices are not resolved, the big promises of a new European market for Canadian beef may be a pipe dream. The Comprehensive Economic and Trade Agreemen...


India | 26 August 2016
GM mustard clears hurdle in India but more remain

A government panel has cleared commercial use of what would be India's first genetically modified (GM) food crop, but politicians still have to give final approvals amid wide-spread public opposition....


USA | 26 August 2016
USDA buys $20 million in cheese from dairy farms

Moving to bolster dairy farmers who are struggling to cope with price declines, the Agriculture Department announced Tuesday it is spending $20 million - on 11 million pounds of cheese. A taxpayer ...


France | 26 August 2016
Lactalis talks with French milk producers end with no deal

A meeting between Europe's largest dairy group Lactalis and French milk producers requesting a rise in prices ended in a deadlock after 10 hours of negotiations, sources close to the talks said. ...


USA | 26 August 2016
California farmers turn to sewers for water

California's prolonged drought is forcing Central Valley farmers to scramble for water to irrigate crops. They have to be creative. One agency is even turning to a sewage plant to meet demand. Just...



Trending Now

Viewed
Discussed


Top stories you may have missed
FarmingUK
FarmingUK Logo

FarmingUK

The British public are overwhelmingly in favour of keeping or strengthening...


FarmingUK
FarmingUK Logo

FarmingUK

The sustained recovery of pig prices since the spring has come at a time wh...


FarmingUK
FarmingUK Logo

FarmingUK

A World Trade Organisation (WTO) panel has declared the Russian import ban ...


FarmingUK
FarmingUK Logo

FarmingUK

A new study has linked oilseed rape crops grown from neonicotinoid-treated ...


FarmingUK
FarmingUK Logo

FarmingUK

Philip Hammond is to guarantee billions of pounds of UK government investme...


FarmingUK
FarmingUK Logo

FarmingUK

Access to the foreign labour market is 'critical', according the chief exec...


FarmingUK
FarmingUK Logo

FarmingUK

The Tenant Farmers Association has said the National Trust's vision for a p...


FarmingUK
FarmingUK Logo

FarmingUK

Ulster farmers will 'not lie down and wave the white flag' when Brexit nego...


FarmingUK
FarmingUK Logo

FarmingUK

The cost of rural crime to the UK economy costs £42.5 million a year, accor...


FarmingUK
FarmingUK Logo

FarmingUK

A young farmers club member from Oxfordshire has created a petition on the ...


closeicon
Username
Password