Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

Farmers face £600m hit as second-worst harvest on record intensifies pressure

by
December 13, 2024
in Top News
0
Farmers face £600m hit as second-worst harvest on record intensifies pressure
0
SHARES
17
VIEWS
Share on FacebookShare on Twitter

Britain’s farmers are set to collectively lose around £600 million after poor growing conditions produced the second-worst wheat harvest on record.

New figures from the Department for Environment, Food and Rural Affairs reveal that the UK’s wheat crop fell to 11.1 million tonnes in 2024, down from 14 million tonnes the previous year.

This is the lowest level recorded since 2020, when pandemic disruptions took a significant toll on harvest yields. Wet weather, which hampered sowing and stunted crop growth, was a primary factor, though the area of land devoted to wheat also shrank by 11 per cent.

Tom Lancaster from the Energy and Climate Intelligence Unit said the dismal harvests represent a £600 million blow to British agriculture. “This year’s harvest was a shocker, and climate change is to blame,” he said. “The impacts are only going to worsen unless we reduce greenhouse gas emissions to net zero.”

Other crops also suffered in the challenging conditions. According to Matt Daragh at the Agriculture and Horticulture Development Board, “cereal and oilseed rape production in the UK was considerably challenged,” especially for winter-sown varieties. Across wheat, barley, oats, and oilseed rape, production contracted by 13 per cent this year to 20 million tonnes.

The poor harvest numbers land as the farming sector grapples with a series of policy changes and financial pressures. Farmers this week staged protests and blocked roads in an attempt to deter the Government from introducing a new inheritance tax regime that will limit long-standing reliefs for agricultural property. Under the planned changes, farmers will only pass on land tax-free if they survive for seven years after doing so, sparking fears that some may take drastic measures due to the stress and uncertainty.

Tom Bradshaw, president of the National Farmers’ Union, warned MPs that the looming tax changes could push vulnerable farmers to consider taking their own lives. At a time when harvest shortfalls and weather extremes are already squeezing profits, the policy shift could further undermine the resilience of Britain’s farming industry.

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
Miliband planning shake-up to bypass local opposition in wind farm push

Miliband planning shake-up to bypass local opposition in wind farm push

Recommended

Go after delinquent firms, SSS told

Go after delinquent firms, SSS told

January 6, 2025
Navigate the Stock Market with Confidence

Navigate the Stock Market with Confidence

June 17, 2025
Local Kids to Receive Brightened Christmas with The Cube Birmingham and free@last Partnership

Local Kids to Receive Brightened Christmas with The Cube Birmingham and free@last Partnership

November 25, 2024
Why SQM Says Social Dialogue is Key to Sustainable Lithium

Why SQM Says Social Dialogue is Key to Sustainable Lithium

December 2, 2025
Reeves calls for ‘reset’ with EU to spur UK growth amid global trade tensions

Reeves calls for ‘reset’ with EU to spur UK growth amid global trade tensions

December 9, 2024
Bank of England warns UK at risk of credit crunch amid market vulnerabilities

Bank of England warns UK at risk of credit crunch amid market vulnerabilities

October 2, 2024

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Crypto Market Update: Iran War Drives Oil Derivatives Boom on Crypto Exchange

    Crypto Market Update: Iran War Drives Oil Derivatives Boom on Crypto Exchange

    March 12, 2026
    Syntholene Selects Papadakis Engineering as Integration Partner for Novel Thermal-Hybrid Synthetic Fuel Demonstration Facility Heat Exchanger System

    Syntholene Selects Papadakis Engineering as Integration Partner for Novel Thermal-Hybrid Synthetic Fuel Demonstration Facility Heat Exchanger System

    March 12, 2026
    Prince Silver

    Prince Silver

    March 11, 2026
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 investdailypro.com | All Rights Reserved

    No Result
    View All Result
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2026 investdailypro.com | All Rights Reserved