5. An industry with growing economic
contribution
£ million Increasing economic contribution: Gross
2000
2001
2002
2003
Value Added (GVA)
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
10000
9000
8000
7000
6000
5000
4000
3000
2000
1000
0
Source: Defa, Agricultural Accounts 2013
• Agriculture’s contribution to the
economy as measured by GVA (Gross
Value Added) was £9.2 billion. This
has grown by £2.3 billion in the five
years to 2013 – a 34 per cent
increase.
• At the same time farm output has
grown by 31 per cent, to £25.7
billion.
• An impressive performance
compared with wider economic
picture.
6. Food and drink exports continues to grow
in 2014
Jan-June 2013
(£ bn)
Jan-June 2014
(£bn)
%
change
Total
Exports 6.2 6.5 4.8
EU 28 4.7 4.8 2.5
Non -EU 1.5 1.7 12
EU% share 75.6 73 -1.7
Non -EU %
share 24.5 26.2 1.7
Trade
balance -12.6 -12 -4.9
Source: Food and Drink Federation (FDF)
Food and non-alcoholic drink exports (£m)
£12.8bn
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
Exports £m
Source: Food and Drink Federation (FDF)
8. Price falls across the board
Commodity Prices
Oct 2014
Prices
Prices a
year ago
% change
y-o-y
Dairy (ppl) 30.8 33.0 -6.6%
Deadweight Cattle (p/kg) 349.0 391.3 -10.8%
Deadweight Sheep (p/kg) 355.2 392.1 -9.4%
Deadweight Pigs (p/kg) 152.6 171.9 -11.2%
Feed Wheat (£/t) 111.3 160.5 -30.6%
Potatoes (£/t) 126.5 160.67 -21.3%
Source: AHDB/DairyCo/Bpex/Eblex/HGCA/PCL
• 2014 has been the year where across commodities, the industry has
seen falling farmgate prices.
• A combination of global supply and demand factors and continued
intense competition at a retail end has put a downward pressure on
beef, dairy and cereal sectors.
16. This Region Has
• 17% of cereal area
• 36% of pig herd
• 18% of cattle herd
• 27% of sheep flock
• Directly employs 41,371 people
• Agri Food Manufacturing base
• Research / Universities / Colleges
17. • There is no lack of advice to famers.
• Complex challenges ,Conflicting
messages
• Farm businesses often resource and time
poor
• Low confidence and high risk
• Personal motivation
18. • Stand still / self sufficiency will fall…
• Research, Innovation, Growth
• Growing home and global demand…
• What potential --- world market player?
• Opportunity…