Bulletin

Milk prices threaten half of dairy farms, protesters to tell PM

Cows - Milk prices changing - SantanderCB

Thousands of farmers will march on Downing Street on Wednesday to protest against the collapse in wholesale milk prices. Around 10% of English and Welsh dairy farmers have left the industry since 2014, after a 30% slide in milk prices over the same period. According to a report by farm consultancy Andersons, the number 'might well reduce by between 30 to 50% within the next three to five years, if prices remain low'. The average price of 24p a litre is below the cost of production for many dairy farmers. The Department for Environment, Food & Rural Affairs has predicted that income levels for those working in the sector will drop by 45% this year. The protest has been organised by the Farmers for Action campaign group, but whilst not requesting its members stay away, the National Farmers Union has not supported the march as it feels its intentions are unclear. The NFU last week urged the government to help farmers by restructuring their growing debts into longer-term loans and to broaden the mandate of the Groceries Code Adjudicator to include farmers.

 

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