The National Farmers Union has warned that livestock farmers are receiving only 48% of the final retail price of beef, with prices falling short of overall production costs. The Union is calling on the whole of the supply chain to back British beef farmers saying htat current prices are unsustainable.
Alistair Mackintosh, NFU livestock board chairman, said: "The current situation has been compounded by Defra's Farm Income forecasts which don't make for pleasant reading for beef producers. Incomes are expected to fall significantly this year. Feed, fuel and fertiliser have seen a sharp rise and this trent is likely to continue."
Mr Mackintosh said he understood the current economic situation faced by the consumers but the reality was that many producers were questioning their future in the industry.