What next for UK farming after Brexit?

The City may be in turmoil at Brexit but while the pound drops and interest rates fall, it may not be all bad for agriculture. While Westminster squabbles over leadership and share prices tumble, long term finance from AMC is at its cheapest in living memory and the weak pound has already shored up lamb prices and is likely to do the same for other farming commodities. Farming did well in the 2008 recession and it is likely to do well again now, it is just a question of at what cost to the rest of the economy. We can expect to see a flight to safety in investments, gold has soared and farm land often follows. This may not mean big price rises in farm land,  but I expect it to at least hold its value where otherwise the pressure might have been beginning to be downward. Looking ahead the key to long term success for agriculture will be to ensure we get a fair deal on farm support from the new government and that farming products get free access to current and new overseas markets. I perceive the main threat is that farming might get side lined in Brexit negotiations as part of a larger deal. We all need to keep it on the politicians’ agendas.

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