Wed 19 Aug 2026
FTSE 100 10,728.04 -1.07%Microsoft 481.63 -4.40%NVIDIA 219.74 +1.03%Apple 310.03 +1.68%Google 341.28 -0.50%S&P 500 7,691.76 -0.47%Nasdaq 26,289.71 -0.59%Dow 53,343.40 -0.83%Russell 2000 3,017.89 -0.31%US 10Y Treasury 4.71% +0.51%Euro Stoxx 50 6,468.17 -1.01%DAX 26,128.36 -1.00%AEX-Index 1,107.32 -0.45%Nikkei 225 65,326.42 -4.37%Hang Seng 25,474.31 +0.13%Gold $4,396.00 +0.36%Silver $62.96 -3.12%Brent Crude Oil $91.47 +3.33%Natural Gas $2.78 +1.61%Copper $6.46 -2.06%GBP/USD 1.3552 +0.40%GBP/EUR 1.1682 -0.20%GBP/AUD 1.9163 +0.30%Bitcoin (USD) $64,230 +1.91%Ethereum (USD) $1,913 +1.68%FTSE 100 10,728.04 -1.07%Microsoft 481.63 -4.40%NVIDIA 219.74 +1.03%Apple 310.03 +1.68%Google 341.28 -0.50%S&P 500 7,691.76 -0.47%Nasdaq 26,289.71 -0.59%Dow 53,343.40 -0.83%Russell 2000 3,017.89 -0.31%US 10Y Treasury 4.71% +0.51%Euro Stoxx 50 6,468.17 -1.01%DAX 26,128.36 -1.00%AEX-Index 1,107.32 -0.45%Nikkei 225 65,326.42 -4.37%Hang Seng 25,474.31 +0.13%Gold $4,396.00 +0.36%Silver $62.96 -3.12%Brent Crude Oil $91.47 +3.33%Natural Gas $2.78 +1.61%Copper $6.46 -2.06%GBP/USD 1.3552 +0.40%GBP/EUR 1.1682 -0.20%GBP/AUD 1.9163 +0.30%Bitcoin (USD) $64,230 +1.91%Ethereum (USD) $1,913 +1.68%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 17°C OvercastBirmingham 14°C SunnyManchester 13°C MistNewcastle 10°C FogBristol 15°C OvercastPembroke 15°C Patchy rain nearbyEdinburgh 11°C SunnyBelfast 10°C FogInverness 11°C OvercastPenzance 18°C Patchy rain nearbyHolyhead 14°C Light rain showerNorwich 15°C Patchy rain nearby
More Info

Farmers Face Tough Times Despite £65 Million Support Package

Advertisement
Follow News in 60 on Facebook

Andy Burnham’s recent announcement of a £65 million support package for British farmers has been met with skepticism, described as a ‘drop in the ocean’ by industry experts. The farming community is grappling with severe challenges, particularly following the driest July on record, which has led to a disastrous harvest. Farmers are now facing a grim outlook that could extend well into the spring, raising concerns about their financial stability.

Sir Robert Goodwill, a farmer and former immigration minister, highlighted that many farmers are already struggling with increased costs for fertiliser and machinery, while grain prices have not risen sufficiently to offset these expenses. The support package, while a step in the right direction, may not be enough to alleviate the ongoing hardships faced by livestock and arable farmers alike.

The situation is compounded by the need for farmers to invest in infrastructure, such as reservoirs, to enhance resilience against future droughts. Goodwill pointed out that the bureaucratic hurdles for such developments are significant, with planning permission costs reaching up to £45,000, which many farmers cannot afford.

As farmers prepare for difficult conversations with their banks, the long-term implications of this year’s challenges could reshape the agricultural landscape in the UK. Without substantial changes and support, the future of farming in Britain remains uncertain, with many farmers left wondering how they will cope in the months ahead.

Source: GB News

Read more Money news →

News Category: Money Tags: agriculture, drought, farming, finance, support

Leave a comment

Your email address will not be published. Required fields are marked *