Sunday, Oct 26, 2008
UK food production
EADT: (UK) Harvest breaks records despite the rain
Demand for food is unlikely to undergo a demand shock. According to this, 2008 was a bumper production year, up 28% (wheat) from 2007. I post this because it is related to food inflation and our excessive food import requirements and so onto the value of the pound. However, looking ahead to 2009, http://www.fwi.co.uk/Articles/2008/10/23/112774/cereal-growers-face-2009-losses.html , we are looking at more expensive food because unfortunately the farmers didn't have much choice about the timing of buying fertilisers and suchlike, and had to pay a heavy price. So the harvest of 2009 will not be so 'bumper' . You can't really know at this point though. Although the UK government think they have control of monetary policy our trading situation may prevent their reflationary policies.
2 Comments
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1. planning4acrash said...
The UK could be self sufficient in food. The EU pays farmers to leave a massive percentage of food fallow and subsidizes production of mass cash crops, which exceed our requirements and must be shipped, often dumped upon third world countries, thus undercutting and destroying third world farmers and productive capacity and making them dependent on foreign aid/debt/takeovermoney for sustenance. That wasn't working and we still have excess, so government now pay farmers to produce useless biofuels that, notwithstanding views on man made global warming, do not even reduce carbon emissions.
This gross manipulation boosts farmland prices beyond the reach of market farmers, orchards, coppices, all those things that should be competing within a complex free market to meet all the diversity of needs of the millions of this country.
2. planning4acrash said...
London Farmer's Markets -- Certified Farmers Markets Throughout the UK -- Riverford Veg Box Scheme