Farmers criticize Autumn Budget amid cash flow crisis in Norfolk and Lincolnshire
The latest in this situation
- OBR forecasts a higher economic outlook alongside ongoing farming operations in the region.
- A DFR crop research scientist, Christine Jones, is working in Lincolnshire.
- King Charles owns a sheep farm in Norfolk.
- Anglian Water operates in the region of Lincolnshire and has reported its status to Norfolk County Council.
- A Walsingham Farm Shop is operational in Walsingham.
How it started
What happened
Farmers across the UK expressed feeling abandoned by the Chancellor’s latest Autumn Budget, according to the National Farmers' Union president, Tom Bradshaw, who criticized the government for failing to link domestic food production to food price inflation. Meanwhile, agricultural advisors noted that many farm businesses in Lincolnshire are struggling with cash management, as banks are increasingly reluctant to extend overdrafts for losses or drawings.
From eadt.co.uk, fwi.co.uk
Why it matters
Despite the Office for Budget Responsibility forecasting a higher economic outlook, Bradshaw warned that the budget offered minimal relief to the cashflow crisis facing farming businesses, citing fuel prices that are 65% higher than a year ago. The financial difficulties are compounded by a lack of income from harvests in 2024, 2025, and 2026.
From eadt.co.uk, fwi.co.uk
Who's involved
- LincolnshireCeremonial county where farming operations are active
- NorfolkCounty where farming operations are active and facing financial pressure
- Robin Hunter-ClarkePolitician who is a deputy leader for the Norfolk County Council
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NorfolkSpeculative
Regional food producers might face increased input costs and market price pressures due to subsidy withdrawal and financial distress.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- How could farming companies' operations in Norfolk and Lincolnshire affect East Anglia?Farming operations in Norfolk and Lincolnshire drive regional growth amid climate and market pressuresLikely
- Farming efficiency drive may alter water demand for Anglian WaterFarming companies' drive for efficiency may change water demand patterns in the East of EnglandPossible
How it developed
Newest first. Tap a step to see who reported it.OBR forecasts a higher economic outlook alongside ongoing farming operations in the region.1 source
- A DFR crop research scientist, Christine Jones, is working in Lincolnshire.Sub-event
- King Charles owns a sheep farm in Norfolk.Sub-event
- Anglian Water operates in the region of Lincolnshire and has reported its status to Norfolk County Council.Sub-event
- A Walsingham Farm Shop is operational in Walsingham.Sub-event
- A finalist from Hill farm near Brigg is involved in a competition, while Essex and Suffolk Water operates in the region bordering Trinity Broads.Sub-event
- BASF provides tools for farm decision-making to Pat Thornton, who farms in the Trent valley in North Lincolnshire.Sub-event
- Tim Youngs, a farmer in Norfolk, discusses his business challenges, including government support changes and competition in Europe.Sub-event
Show 4 earlier steps
- David Suckling farms near Kings Lynn in Norfolk, while John Miles advises on variety trials for his operation.Sub-event
- The government has approved solar farms in Lincolnshire county, which are situated along the River Trent.Sub-event
- HMC Peas delivered fresh peas to Prince's and Greenyard facilities in Lincolnshire.Sub-event
Farming companies are active in Norfolk and Lincolnshire.1 source
Keep exploring
The entities involved
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Lincolnshire
ceremonial county in the east of England
Nothing else this week.
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Norfolk
county in East Anglia, England, UK