Autumn Budget 2024 – Full Summary
Chancellor Rachel Reeves delivered her Budget on 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.
What does the Labour General Election win mean for farmers?
The recent Labour General Election win has sparked significant reactions across the farming industry. With Sir Keir Starmer’s new government at the helm, industry leaders and organisations are assessing what this political shift means for British agriculture. NFU...
Farm incomes fell by 10% in 2023 Defra figures show
Total farm incomes fell by £800m in 2023, according to the latest figures from Defra, representing a 10% drop on the previous year. Across the UK, farm incomes totalled £7.2bn last year, down from £8bn in 2022. According to Defra, lower commodity prices were a...
Arable farms face ‘economic storms’ post-harvest
Arable farmers are being advised to ‘work closely with their accountant’ in the wake of figures forecasting post-harvest losses in 2024. The figures, produced by Strutt & Parker, are based on a 131ha in-hand holding with an expected winter wheat yield of 7.5t/ha...
Will energy storage help farmers store up the pounds?
Energy storage is an essential component of transitioning our power networks from fossil fuels to renewable sources. Until now, however, storing electricity generated from green systems has been a major issue. But with the advancement of battery technology, the...