Crop Loss Extreme Weather 

2018 UK Weather Extremes To Send Food Prices Skyrocketing

UK — a brutal Siberian spring followed by the hottest summer since 1976, and driest since records began, has stunted the growth of crops and reduced livestock numbers.

Wheat yields have plummeted 25%, while starchy foods such as potatoes, onions and carrots are down 20%.

The impact for vegetable growers is to be cushioned slightly by higher prices in the supermarkets, but with the cost of fuel and fertiliser on the rise, farmers are turning to the banks to keep their businesses ticking over.

Livestock farmers have suffered the worst, as feed for animals has also increased in price, causing many to use up much of their reserves, with straw being in short supply.

The NFU said the price of fertiliser has soared by 23% this year, with motor fuel costs up 16%, and feed such as barley up 16%.

Milk yields were also reduced by the scorching weather as well as the fertility of pigs.

The drought is expected to trigger a big spike in food prices before the end of the year.

According to the Centre for Economics and Business Research, UK consumers will be forced to spend an extra £7.15 on their monthly shopping bill, or an extra 5%.

The swings between extremes in Britain’s weather this year –from Siberian spring to stifling hot summer– have caused serious economic damage.

NFU economist Anand Dossa warned: “The financial impact of this year’s weather is now evident.”

GSM

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