Farm Business Survey
Climate Impact & Sustainability Data (October 2023 to March 2024)
Reporting Period: October 2023 to March 2024
Environmental Metrics
ESG Focus Areas
- Sustainable Farming Incentive (SFI) schemes
- Farm carbon and methane emissions
- Biodiversity Net Gain (BNG)
- Food security
- Labour issues
- Extreme weather events
Environmental Achievements
- Increased interest in Sustainable Farming Incentive (SFI) schemes due to declining BPS payments
- Some farms are adopting peat-free compost
Social Achievements
- Farm Expo increasing in popularity
- Helpful helpline for SFI applications
Governance Achievements
- New Veterinary Attestation rules implemented
Climate Goals & Targets
Environmental Challenges
- Continuous rain leading to livestock housing, depleted fodder, increased costs, and lower milk prices
- High electricity, feed, straw, and labor costs impacting margins
- Difficult autumn and spring drillings resulting in poor or failed crops
- Restricted spraying and fertilizer applications due to saturated ground
- Labour availability issues in horticulture
- Declining BPS payments
- Frustration with SFI rollout
- Limited SFI options for horticulture, permanent grassland, and smaller farms
- High interest rates impacting cash flow
- Concerns about food security due to undrilled arable land and land committed to environmental areas
- Market uncertainty, commodity price volatility, and extreme weather events
- Bovine TB (bTB) causing movement restrictions and challenges
- Slurry lagoon pressure due to high rainfall
- Straw shortage and price rise
- Lambing challenges due to wet weather
- Pig and poultry producers leaving the sector due to high input costs and low returns
- Decline in independent abattoirs
- Feed quality problems for broiler producers
- Cabbage Stem Flea Beetle impacting OSR crops
- Subdued grain prices
- Late potato season and storage issues
- Wet weather impacting sugar beet harvesting
- Reduced cider apple area due to market reduction
- Difficult hops market
- Reduced UK hop area
- Lack of funding for hop breeding program
- Lack of access to foreign markets for hops
- Cap on the amount of land put into the SFI
- Limited SFI options for hill farmers and small farms with environmental features
- Lack of cashflow to commit to schemes or items funded by grants
- Overwhelmed agents and farmers unable to afford agents
- Seed companies rationing spring cropping seeds
- High interest rates and banks closing farming accounts
- New tax changes
- Shortage of labour
- Livestock worrying
- Environment Agency inspections
- Minimum 4-month storage targets for slurry and FYM
- Rigid spreading dates
- Increase in RPA boundaries and cross-compliance inspections
- Lack of standardized carbon footprint calculator
- Unclear understanding of Biodiversity Net Gain (BNG)
- Difficulty obtaining Heptavac P and long-acting antibiotics
Mitigation Strategies
- Farmers considering environmental schemes
- Farmers considering regenerative farming techniques and carbon certificates
- Farms converting redundant farm buildings for income
- Farmers amending financial year ends to 31st March
- Some farmers optimizing SFIs to reduce workload
- Consultancy groups organizing meetings and workshops on carbon emissions
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
- Wet weather impacting crops and livestock
Transition Risks
- Declining BPS payments
- Changes in environmental schemes
Opportunities
- Regenerative farming techniques and carbon certificates