THERE is no doubting that a significant percentage of the increase in Net Farm Income UK farmers have benefited from is attributed to the weakness of sterling against the Euro.
This has led to higher farm gate prices for farmers, who along with the food and drinks manufacturers have greatly contributed to the national balance of payments through higher levels of exports due to the weak pound.
As I sit in the kitchen preparing the 2012 budget to show my bank manager, the uncertainties surrounding the euro and whether the Greeks can actually survive within the euro are a great concern.
Any failure would have serious implications to my own business and the whole of UK agriculture.
Should the pound strengthen against the euro, to the levels we had ten years ago, our exports would be uncompetitive and farm gate prices would drop along with the single farm payment paid to ourselves from Europe.
It is an unfortunate fact that the majority of farms both in the UK and Europe are still reliant on this payment to remain in profit, six years after reforms were introduced to scrap production subsidies.
A proportion of the money paid to farmers is now used to provide rural development grants and also to fund environmental schemes on our farms and these have been successful in their objectives.
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