Outcomes of a brand new survey carried out by the Nationwide Farmers’ Union (NFU) have revealed that over one in 5 dairy farmers (23%) are uncertain if their enterprise will proceed producing milk past 2025.
The NFU Dairy Intentions Survey requested dairy farmers to element their plans to extend, lower, or cease milk manufacturing and the primary the reason why.
Out of 590 survey respondents, 87% mentioned they had been involved abut the affect of presidency regulation, with feed costs (84%), power costs (83%) and money movement and profitability (80%) listed as different key elements that might curtail milk provides.
The survey, which was carried out final month, additionally revealed that 9% of producers consider they’re “possible” to cease producing milk by 2025 – up 7% from final 12 months.
The NFU mentioned that Britain’s dairy farmers are being pressured to noticeably take into consideration their future resulting from considerations over inadequate returns, risky markets and the size of on-farm funding.
91% of dairy farmers mentioned the primary issue to them growing milk manufacturing can be the size of funding wanted for issues comparable to appropriate slurry storage to make sure their farms are compliant.
NFU dairy board chair Michael Oakes mentioned the survey outcomes present that Britain’s dairy farmers are struggling.
“It’s clear that important inflationary pressures mixed with beneath value of manufacturing costs are persevering with to place the resilience of British dairy farming companies underneath risk,” he mentioned.
“We are actually going through a disaster of confidence amongst Britain’s dairy farmers.
“The outcomes of this survey present that, now greater than ever, we’d like resilient and collaborative dairy provide chains.”
Oakes mentioned it’s critical that the development of “growth or bust” is reversed and that funding into provide chains is made.
“New industry-wide regulation on contracts, anticipated to be launched later this 12 months, should help fairer, extra clear and accountable provide chains. However regulation isn’t a silver bullet,” he mentioned.
“With growing international demand for British dairy, we all know that the long-term future is shiny for our sector.
“To make sure we maximise this potential, it’s crucial that authorities continues to work with us to make sure now we have the proper environmental, regulatory and commerce framework in place to help the manufacturing of top quality, nutritious and sustainable meals.”