Monday, May 19, 2025

Farmer confidence drops as economic uncertainty builds

A new survey by the Yorkshire Agricultural Society reveals that confidence among farmers is deteriorating, with 65% concerned about the long-term viability of their businesses. Just 30% expressed confidence in their financial outlook over the next year, and only 24% reported being in a stronger position than a year ago.

The findings, based on 400 responses following the UK Government’s Spring Statement, point to mounting pressure from rising input costs, tax and subsidy changes, policy uncertainty, succession issues, and squeezed profitability. These concerns are prompting the Society to reassess its support strategies for the farming sector.

Despite these challenges, farmers identified key areas of opportunity, including strong livestock prices, renewable energy, business diversification, generational input, and direct-to-consumer sales models.

Wellbeing is also a growing concern: 30% rated their mental health as poor or not good, and 36% said it had worsened over the past year. However, 72% said they would seek help if needed.

The Society has responded with a series of practical support initiatives. These include four business viability workshops attended by 300 farmers, mental health and first aid training for over 40 businesses, and targeted programmes for older and younger farmers. Its Goodall Agri-Development Pathway is now in its second year, helping early-career farmers build leadership and commercial skills.

The upcoming Great Yorkshire Show (8–11 July) will showcase British agriculture and provide a networking and knowledge-sharing platform. Key events will address profitability and wellbeing, and the Society will use the occasion to engage policymakers. Approximately 140,000 attendees are expected, with 8,500 animals exhibited and an expanded innovation zone highlighting the future of farming.

The Society, which reinvests £500,000 annually into farming support, continues to run initiatives including networking events, a small grants scheme, and discounted farmer tickets to facilitate industry participation.

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