The financial crisis has been felt not only in the banking services sector, which makes the first page the most often. Since 2012, the farmers in the United Kingdom have also felt it acutely. The reasons proved to be more complex, however.
Rainy and expensive
In 2012, the income of UK farmers fell by as much as 11%. There were a few reasons for this drop: too high humidity during harvest time and the poorest harvest of potatoes and wheat since 1970. This resulted in marked price fluctuation. Compared to 2011, the price of potatoes tripled and reached £312/ton, while the price of wheat climbed to £227/ton. Expensive corn means expensive fodder, which creates problems for farmers and manufacturers of meat products.
Cooperation makes things easier
Such alarming indicators and low profits for farmers despite high prices of agricultural products constitute a threat to stability of the food production chain. The National Farmers Union has been striving to highlight this matter. The representatives of the Union believe that the mechanisms proposed by Common Agricultural Policy (CAP) may constitute an effective response to the current challenges on the market. This is because the money transfers within CAP are becoming crucial to the regulation and adaptation of the food production chain to the new situation.