Search

Key farm inflation figure stays virtually static, according to Anglia Farmers

11:22 01 March 2014

Farm input costs have remained virtually unchanged in the past six months, according to the latest half-yearly figures from buying group Anglia Farmers.

The latest AF Agricultural Inflation Index to January 31 showed that the weighted average increased by 0.08pc. It revealed a fall of 3.31pc in August last year.

The costs for fertiliser, seed, machinery and animal feed and medicines fell by less than 0.5pc.

The AF Index also calculated the impact on individual sectors. While sugar beet production costs fell by 0.6pc, the RPI for granulated sugar declined by 6.52pc.

It was a similar position for potatoes as costs fell by 2.73pc and retail prices dropped by 7.62pc.

There was a modest increase in cereal production, up by 0.32pc while the RPI rose by 3.19pc. Beef and lamb production costs were 1.2pc higher and the RPI was up 1.55pc. Retail milk prices were unchanged but dairy farm costs were 0.31pc higher.

The index, launched by north Norfolk farmer and former AF director, Jim Alston, in 2006 is based on purchases by the group’s members of about £250m a year and cover a total of 132 cost items.

Search hundreds of local jobs at Jobs24

0 comments

HOT JOBS

Show Job Lists

Insight

Construction workers at work. Picture: Jonathan Brady/PA Wire

A construction sector already struggling to meet rising housing demand has been dealt a further blow – after slipping into recession for the first time in four years.

Pay among FTSE100 chiefs rose by 10pc in 2015. Picture: Chris Radburn/PA Wire

It seems that wages only ever go in one direction - at least for those at the top.

Green 100

cover

Enjoy the Green 100
digital edition

Read

Mustard TV

Meet the Team

Mark Shields

Business Editor

|

Chris Hill

Agricultural and Farming Editor

|

Business Most Read

Awards

Norfolk Future 50 EDP Business Awards Green 100

Business Most Commented

Newsletter Sign Up