The Extent to which UK Farmers can Meet the Challenge

1. The Extent to which UK Farmers can Meet the Challenge Paul Temple – NFU Vice President Moffitt Symposium 18.09.07

2. What is the Challenge? New sector of non food use Income diversity New markets Different land use Sustainable farming Farming challenge

3. What drives the challenge? Opportunity Diversification Rural re-development Rural economy Europe USA

4. What drives the challenge? Climate change Renewable targets Carbon footprint: labelling credibility What does it actually mean?

6. Oil Supply Economy driven on oil supply Far simpler driver Do consumers understand carbon accounting? Consumers do understand fuel in their tank And heat in the home Price sensitivity and the supply chain Micro-generation fits farming

7. Global Markets – Global Drivers China and India – new consumers Brazil and Argentina – agricultural powerhouse USA - diversity of fuel supply Currency – the weak dollar Speculation – Chicago Trading Credit – just who has the money? WTO

8. New Challenges Farming is as unpredictable as the weather New markets at the same time as global supply tightening Market volatility Supply strategy – NFU’s Early Warning Scrapping Set-aside CAP reform – we are part of Europe

9. The New Challenge Income opportunities Market tension has finally arrived! Farm production is important Environmental balance Rapidly changing – can Government keep up? Retailer supply chains will adapt

10. Meeting the Challenge Farmers are capable of meeting the challenge Investment No single solution Ability to fit need and requirement e.g. bio-digestion of slurry and NVZs Opportunity with an exciting future

11. Meeting the Challenge Government backing and vision Research and Development – we have a long way to go to match France and Germany Regulation Plant genealogy Next generation of farmers This generation of consumers

12. Meeting the Challenge Farming – the Leading Green Industry