And NFU President Minette Batters has warned Chancellor Jeremy Hunt that farmers are facing a 'cliff edge' if action isn't taken.
It also called for an extension to the current reduced rates of fuel duty, including for red diesel, and for improved support for capital investment, which would help alleviate costs for farm businesses and drive crucial investment to enhance productivity. "If the government is to halt food price inflation and help prevent further food shortages, greater support and confidence is needed for the thousands of farm businesses which are trying, but struggling, to feed our nation.
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