HROC (agency) - Kubota
Farminguk
01 June 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

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

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


Australia | 31 May 2016
Dairy loans might be hard to access, but will help farmers face some hard truths

Low-interest loans may be difficult to access, but will also help people face some difficult truths, a rural accountant says. There's bipartisan political support for concessional loans, which form...


USA | 31 May 2016
Farmers get creative, frugal to stay afloat in tough times

After several boom years while the rest of the economy struggled, farming is entering its third straight year on the bust side of the cycle. Prices for corn and soybeans are low while expenses like se...


Australia | 31 May 2016
Exciting futures in agriculture veiled by dated agriculture stereotypes

There are six figure salaries on offer, and the chance for a fulfilling career producing food and fibre, but persistent and dated stereotypes of agricultural careers mean they're not often the first c...


Australia | 31 May 2016
Cattle worth $8,000 shot dead in northern NSW

Police are appealing for public help after four cattle were shot dead on two separate properties at Cangai, west of Grafton in northern New South Wales. Police believe the two cows and two bullocks...


Ireland | 31 May 2016
Dairy farmers to earn less than industrial wage in 2016

Farmers can't be blamed for the dairy income slump the ICMSA has warned, as it emerged the average dairy farmer is likely to work for less than the average industrial wage this year. Agriculture Co...



Trending Now

Viewed
Discussed

Farms and Land for sale

PropertyLocation
PropertyAgent
PropertyMinimumPrice
PropertyMaximumPrice
PropertyCategory

Holiday Rentals search

AccommodationKeyword
AccommodationType
AccommodationCounty
AccommodationStarRating


Top stories you may have missed
closeicon
Username
Password