Page 21 - June 2022

MANEA MATTERS
MANEA MATTERS
monitoring the effects of inflation on the In all, the only people likely to benefit from the
farming industry. Their tabulated figures (as at rise in inflation are investors – particularly those
March 2022) show that chemicals have risen in who have invested in energy companies as they
cost by 7.9%, fuel by 29.4% and seed by 22.5%. may see a rise in their stock prices as energy
Their indicator for fertiliser increases in general costs rise.
shows 107.7%, however we have had occasion Hopefully, by the time this article is published
to purchase this recently at an increase of we will see a levelling of the rate of inflation,
almost 150% compared with last season’s however all indications are that it is likely to
prices. Just to run the farm in the same way as continue for some time which is not an ideal
a year ago, when it would have cost £100, you situation for any of us.
would now be required to pay £150. This is an
increase of 50%.

In all, the only people likely to
benefit from the rise in inflation
are investors.

Our cropped land area has only increased very
slightly in the 2022 season as opposed to last
year (approximately 11 ha), but we are still
looking at an increase in general running costs
of 50% during the current year. We need to
recoup some of these costs in order to maintain
supply so it is inevitable that selling prices will
have to increase.

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