Page 20 - June 2022

ALLPRESS FARMS

– INFLATION

nflation has been a much-discussed topic bill. Therefore, the cost of goods and services
of late. As members of the public, we rises as wages increase.
Ihave watched the costs of fuel, energy and It is not only the man in the street who has had
consumables rise regularly over the past few to take on these increased costs. Businesses
months, whilst salaries have tended to remain are also affected. For example, the farm has
static, even with the increase in the minimum/ seen the price of various inputs (such as
living wage. This has largely stemmed from the fertiliser) almost triple in some cases. We use a
pandemic and is therefore a global situation.
The invasion of Ukraine and sanctions imposed
against Russia have also had a negative effect The farm has seen the price of
of inflation, with global supply chains being various inputs (such as fertiliser)
severely disputed in all cases. almost triple in some cases.
Unfortunately, the increase in minimum wage
can also bring about ‘wage inflation’. Companies lot of diesel to power our tractors and irrigation
must comply with the directive to increase equipment, and have watched the cost of fuel
minimum wage. If the price of their goods/ rise too.
services remain the same, then the business Allpress Farms currently works with an
may find it difficult to pay the increased labour agricultural buying group, who have been

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